Home / Charlotte, NC
Mortgage Calculator — Charlotte, NC
Median home price in Charlotte: $390,000. Monthly payment: $2,076/month (20% down, 7%, 30yr). Property tax rate: 0.97%.
= $78,000
Monthly Payment
$2,076
Loan Amount
$312,000
Total Interest
$435,268
Total Cost
$825,268
Payment Breakdown
Down Payment$78,000 (9.5%)
Principal$312,000 (37.8%)
Total Interest$435,268 (52.7%)
Charlotte Mortgage Payments by Rate
| Rate | 15-Year | 30-Year | Total Interest (30yr) |
|---|---|---|---|
| 5.5% | $2,549 | $1,772 | $325,741 |
| 6% | $2,633 | $1,871 | $361,415 |
| 6.5% | $2,718 | $1,972 | $397,939 |
| 6.75% | $2,761 | $2,024 | $416,505 |
| 7% | $2,804 | $2,076 | $435,268 |
| 7.25% | $2,848 | $2,128 | $454,220 |
| 7.5% | $2,892 | $2,182 | $473,358 |
| 8% | $2,982 | $2,289 | $512,164 |
Charlotte Property Tax & Total Housing Cost
Property Tax Rate
0.97%
$3,783/year
Monthly P&I
$2,076
20% down, 7%, 30yr
Est. Total Monthly
$2,391
P&I + property tax
Affordability in Charlotte
10% down ($39,000)$113,591/yr needed
15% down ($58,500)$108,031/yr needed
20% down ($78,000)$102,471/yr needed
25% down ($97,500)$96,911/yr needed
Based on 28% housing cost rule. Includes property tax.