Winston-Salem Mortgage Calculator
Estimate your monthly mortgage payment in Winston-Salem, NC. On the local median home value of $240,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $1,486. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$1,214
- Property Tax$164
- Home Insurance$108
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $14,563 | $2,146 | $12,417 | $189,854 |
| 2 | $14,563 | $2,290 | $12,273 | $187,564 |
| 3 | $14,563 | $2,443 | $12,120 | $185,121 |
| 4 | $14,563 | $2,607 | $11,956 | $182,514 |
| 5 | $14,563 | $2,781 | $11,782 | $179,733 |
| 6 | $14,563 | $2,968 | $11,595 | $176,766 |
| 7 | $14,563 | $3,166 | $11,397 | $173,599 |
| 8 | $14,563 | $3,378 | $11,184 | $170,221 |
| 9 | $14,563 | $3,605 | $10,958 | $166,616 |
| 10 | $14,563 | $3,846 | $10,717 | $162,770 |
| 11 | $14,563 | $4,104 | $10,459 | $158,667 |
| 12 | $14,563 | $4,378 | $10,184 | $154,288 |
| 13 | $14,563 | $4,672 | $9,891 | $149,616 |
| 14 | $14,563 | $4,985 | $9,578 | $144,632 |
| 15 | $14,563 | $5,318 | $9,244 | $139,314 |
| 16 | $14,563 | $5,675 | $8,888 | $133,639 |
| 17 | $14,563 | $6,055 | $8,508 | $127,584 |
| 18 | $14,563 | $6,460 | $8,103 | $121,124 |
| 19 | $14,563 | $6,893 | $7,670 | $114,232 |
| 20 | $14,563 | $7,354 | $7,209 | $106,877 |
| 21 | $14,563 | $7,847 | $6,716 | $99,030 |
| 22 | $14,563 | $8,372 | $6,190 | $90,658 |
| 23 | $14,563 | $8,933 | $5,630 | $81,725 |
| 24 | $14,563 | $9,531 | $5,031 | $72,194 |
| 25 | $14,563 | $10,170 | $4,393 | $62,024 |
| 26 | $14,563 | $10,851 | $3,712 | $51,173 |
| 27 | $14,563 | $11,577 | $2,985 | $39,596 |
| 28 | $14,563 | $12,353 | $2,210 | $27,243 |
| 29 | $14,563 | $13,180 | $1,383 | $14,063 |
| 30 | $14,563 | $14,063 | $500 | $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 Winston-Salem (about $240,000). 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 Winston-Salem. At $240,000 with a 20% down payment, you'd bring $48,000 to closing (plus closing costs) and take out a $192,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $1,214.
Annual costs on top of the loan. North Carolina's average property tax rate is 0.82%, so a median-priced Winston-Salem home generates approximately $1,968 in annual property tax (about $164/mo when paid through escrow). Homeowner's insurance in North Carolina averages around $1,300/year.
Total monthly payment (PITI) on the median Winston-Salem home works out to about $1,486 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.