Raleigh Mortgage Calculator
Estimate your monthly mortgage payment in Raleigh, NC. On the local median home value of $435,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $2,605. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$2,200
- Property Tax$297
- Home Insurance$108
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $26,395 | $3,890 | $22,505 | $344,110 |
| 2 | $26,395 | $4,150 | $22,245 | $339,960 |
| 3 | $26,395 | $4,428 | $21,967 | $335,532 |
| 4 | $26,395 | $4,725 | $21,670 | $330,807 |
| 5 | $26,395 | $5,041 | $21,354 | $325,766 |
| 6 | $26,395 | $5,379 | $21,016 | $320,387 |
| 7 | $26,395 | $5,739 | $20,656 | $314,649 |
| 8 | $26,395 | $6,123 | $20,272 | $308,525 |
| 9 | $26,395 | $6,533 | $19,862 | $301,992 |
| 10 | $26,395 | $6,971 | $19,424 | $295,021 |
| 11 | $26,395 | $7,438 | $18,957 | $287,583 |
| 12 | $26,395 | $7,936 | $18,459 | $279,647 |
| 13 | $26,395 | $8,467 | $17,928 | $271,180 |
| 14 | $26,395 | $9,034 | $17,361 | $262,145 |
| 15 | $26,395 | $9,640 | $16,756 | $252,506 |
| 16 | $26,395 | $10,285 | $16,110 | $242,221 |
| 17 | $26,395 | $10,974 | $15,421 | $231,247 |
| 18 | $26,395 | $11,709 | $14,686 | $219,538 |
| 19 | $26,395 | $12,493 | $13,902 | $207,045 |
| 20 | $26,395 | $13,330 | $13,065 | $193,715 |
| 21 | $26,395 | $14,222 | $12,173 | $179,493 |
| 22 | $26,395 | $15,175 | $11,220 | $164,318 |
| 23 | $26,395 | $16,191 | $10,204 | $148,127 |
| 24 | $26,395 | $17,276 | $9,120 | $130,851 |
| 25 | $26,395 | $18,433 | $7,963 | $112,418 |
| 26 | $26,395 | $19,667 | $6,728 | $92,751 |
| 27 | $26,395 | $20,984 | $5,411 | $71,767 |
| 28 | $26,395 | $22,389 | $4,006 | $49,378 |
| 29 | $26,395 | $23,889 | $2,506 | $25,489 |
| 30 | $26,395 | $25,489 | $906 | $0 |
Swipe the table sideways to see all columns →
How to use this calculator
The Home Price field is pre-filled with the median home value in Raleigh (about $435,000). Override with your target home's actual price to get a payment estimate for that specific property.
The Property Tax Rate is pre-filled with North Carolina's average effective rate of 0.82%. Within North Carolina, rates vary by county — if you know your specific local rate, override it for a more precise estimate.
Adjust the Down Payment slider to see how your payment changes. Below 20% down triggers PMI; the calculator adds it automatically and shows a warning.
Scroll down for the full PITI breakdown, monthly payment pie chart, and complete month-by-month amortization schedule.
How it works
Buying a median-priced home in Raleigh. At $435,000 with a 20% down payment, you'd bring $87,000 to closing (plus closing costs) and take out a $348,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $2,200.
Annual costs on top of the loan. North Carolina's average property tax rate is 0.82%, so a median-priced Raleigh home generates approximately $3,567 in annual property tax (about $297/mo when paid through escrow). Homeowner's insurance in North Carolina averages around $1,300/year.
Total monthly payment (PITI) on the median Raleigh home works out to about $2,605 per month at current rates, assuming a 20% down payment and no HOA. If you're putting less than 20% down, add PMI to this — typically 0.5–1.5% of the loan balance per year.
Rates change; this is the math, not the offer. Mortgage rates fluctuate daily. Our default of 6.50% is a recent conventional 30-year benchmark — enter today's quoted rate from your lender for the most accurate payment estimate.
Frequently Asked Questions
Looking for a different city? Browse all cities. For North Carolina-specific property taxes, see the North Carolina Property Tax Calculator.