FHA Loan Calculator — North Carolina
On the typical North Carolina home ($335,000), 3.5% down leaves a $323,275 base loan. The 1.75% upfront premium ($5,657) is financed, for a $328,932 loan, and annual MIP of 0.55% adds $150 a month for the life of the loan. North Carolina FHA limits run $541,287–$832,750 by county.
North Carolina has the 18th-lowest effective property tax rate of the 50 states at 0.66% — $838 less a year than the 0.91% state average on a $335,000 home. Homeowners insurance averages $3,124 a year, the 14th-highest premium nationally and $404 more than the typical state.
Loan Parameters
Total Monthly Payment
$2,790
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$461,274
Total Cost
$986,343
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $26,340 | $3,322 | $23,018 | $1,801 | $325,610 | $9,390 |
| Year 2 | $26,340 | $3,563 | $22,777 | $1,782 | $322,047 | $12,953 |
| Year 3 | $26,340 | $3,822 | $22,518 | $1,762 | $318,225 | $16,775 |
| Year 4 | $26,340 | $4,100 | $22,241 | $1,740 | $314,125 | $20,875 |
| Year 5 | $26,340 | $4,397 | $21,943 | $1,717 | $309,728 | $25,272 |
| Year 6 | $26,340 | $4,717 | $21,624 | $1,692 | $305,011 | $29,989 |
| Year 7 | $26,340 | $5,059 | $21,281 | $1,665 | $299,952 | $35,048 |
| Year 8 | $26,340 | $5,426 | $20,914 | $1,636 | $294,526 | $40,474 |
| Year 9 | $26,340 | $5,820 | $20,520 | $1,605 | $288,706 | $46,294 |
| Year 10 | $26,340 | $6,243 | $20,097 | $1,572 | $282,463 | $52,537 |
| Year 11 | $26,340 | $6,696 | $19,644 | $1,537 | $275,767 | $59,233 |
| Year 12 | $26,340 | $7,182 | $19,158 | $1,499 | $268,584 | $66,416 |
| Year 13 | $26,340 | $7,704 | $18,636 | $1,458 | $260,880 | $74,120 |
| Year 14 | $26,340 | $8,263 | $18,077 | $1,414 | $252,617 | $82,383 |
| Year 15 | $26,340 | $8,863 | $17,477 | $1,367 | $243,753 | $91,247 |
| Year 16 | $26,340 | $9,507 | $16,833 | $1,317 | $234,247 | $100,753 |
| Year 17 | $26,340 | $10,197 | $16,143 | $1,263 | $224,049 | $110,951 |
| Year 18 | $26,340 | $10,938 | $15,403 | $1,205 | $213,112 | $121,888 |
| Year 19 | $26,340 | $11,732 | $14,609 | $1,143 | $201,380 | $133,620 |
| Year 20 | $26,340 | $12,584 | $13,757 | $1,076 | $188,796 | $146,204 |
| Year 21 | $26,340 | $13,497 | $12,843 | $1,005 | $175,299 | $159,701 |
| Year 22 | $26,340 | $14,477 | $11,863 | $928 | $160,821 | $174,179 |
| Year 23 | $26,340 | $15,529 | $10,812 | $846 | $145,293 | $189,707 |
| Year 24 | $26,340 | $16,656 | $9,684 | $758 | $128,637 | $206,363 |
| Year 25 | $26,340 | $17,866 | $8,475 | $663 | $110,771 | $224,229 |
| Year 26 | $26,340 | $19,163 | $7,178 | $562 | $91,608 | $243,392 |
| Year 27 | $26,340 | $20,554 | $5,786 | $453 | $71,054 | $263,946 |
| Year 28 | $26,340 | $22,047 | $4,294 | $336 | $49,007 | $285,993 |
| Year 29 | $26,340 | $23,647 | $2,693 | $211 | $25,360 | $309,640 |
| Year 30 | $26,336 | $25,360 | $976 | $76 | $0 | $335,000 |
FHA Loan numbers for North Carolina
- Typical North Carolina home value
- $335,000
- 3.5% down ($11,725) · Zillow, August 31, 2026
- Loan amount
- $328,932
- Includes $5,657 financed UFMIP
- Estimated monthly payment
- $2,790
- APR 7.761%
- North Carolina property tax
- 0.66%
- $184/mo
- Homeowners insurance
- $3,124/yr
- $260/mo
- Upfront MIP (1.75%)
- $5,657
- Financed into the loan
- Annual MIP
- 0.55%
- $150/mo in year 1 · life of loan
- North Carolina FHA loan limit
- $541,287 – $832,750
- One-unit, by county
How much house can you afford in North Carolina with an fha loan?
Highest price where principal, interest, North Carolina property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $40,000 | $933 | $89,000 | $3,115 | 27% |
| $50,000 | $1,167 | $120,000 | $4,200 | 36% |
| $60,000 | $1,400 | $150,000 | $5,250 | 45% |
| $75,000 | $1,750 | $197,000 | $6,895 | 59% |
| $100,000 | $2,333 | $274,000 | $9,590 | 82% |
| $125,000 | $2,917 | $351,000 | $12,285 | 105% |
| $150,000 | $3,500 | $428,000 | $14,980 | 128% |
FHA vs other loan types in North Carolina
$335,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $33,500 | $301,500 | — | $181 PMI | $2,637 | 7.488% |
| FHA | 3.5% · $11,725 | $328,932 | UFMIP $5,657 | $150 MIP | $2,790 | 7.761% |
| VA | 0% · $0 | $342,203 | Funding fee $7,203 | $0 | $2,728 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $67,000 | $268,000 | — | $0 | $2,233 | 7.030% |
Frequently asked questions
What is the monthly payment on a $335,000 home with an fha loan in North Carolina?
Estimated $2,790 per month ($2,195 principal & interest, $184 property tax, $260 insurance, $150 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in North Carolina for 2026?
Between $541,287 and $832,750 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.