VA Loan Calculator — North Carolina
An eligible VA borrower can buy the typical North Carolina home ($335,000) with no down payment. The 2.15% first-use funding fee ($7,203) is rolled into a $342,203 loan, and there is no monthly mortgage insurance — saving about $150 a month versus FHA MIP on the same home.
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
$2,728
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$479,887
Total Cost
$982,139
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $27,403 | $3,456 | $23,947 | — | $338,746 | -$3,746 |
| Year 2 | $27,403 | $3,707 | $23,696 | — | $335,039 | -$39 |
| Year 3 | $27,403 | $3,976 | $23,427 | — | $331,063 | $3,937 |
| Year 4 | $27,403 | $4,265 | $23,138 | — | $326,798 | $8,202 |
| Year 5 | $27,403 | $4,575 | $22,828 | — | $322,224 | $12,776 |
| Year 6 | $27,403 | $4,907 | $22,496 | — | $317,317 | $17,683 |
| Year 7 | $27,403 | $5,263 | $22,140 | — | $312,054 | $22,946 |
| Year 8 | $27,403 | $5,645 | $21,758 | — | $306,409 | $28,591 |
| Year 9 | $27,403 | $6,055 | $21,348 | — | $300,354 | $34,646 |
| Year 10 | $27,403 | $6,495 | $20,908 | — | $293,859 | $41,141 |
| Year 11 | $27,403 | $6,966 | $20,437 | — | $286,893 | $48,107 |
| Year 12 | $27,403 | $7,472 | $19,931 | — | $279,421 | $55,579 |
| Year 13 | $27,403 | $8,015 | $19,388 | — | $271,406 | $63,594 |
| Year 14 | $27,403 | $8,597 | $18,806 | — | $262,810 | $72,190 |
| Year 15 | $27,403 | $9,221 | $18,182 | — | $253,589 | $81,411 |
| Year 16 | $27,403 | $9,890 | $17,513 | — | $243,699 | $91,301 |
| Year 17 | $27,403 | $10,608 | $16,795 | — | $233,090 | $101,910 |
| Year 18 | $27,403 | $11,379 | $16,024 | — | $221,711 | $113,289 |
| Year 19 | $27,403 | $12,205 | $15,198 | — | $209,506 | $125,494 |
| Year 20 | $27,403 | $13,091 | $14,312 | — | $196,415 | $138,585 |
| Year 21 | $27,403 | $14,042 | $13,361 | — | $182,374 | $152,626 |
| Year 22 | $27,403 | $15,061 | $12,342 | — | $167,312 | $167,688 |
| Year 23 | $27,403 | $16,155 | $11,248 | — | $151,158 | $183,842 |
| Year 24 | $27,403 | $17,328 | $10,075 | — | $133,830 | $201,170 |
| Year 25 | $27,403 | $18,586 | $8,817 | — | $115,244 | $219,756 |
| Year 26 | $27,403 | $19,936 | $7,467 | — | $95,308 | $239,692 |
| Year 27 | $27,403 | $21,383 | $6,020 | — | $73,925 | $261,075 |
| Year 28 | $27,403 | $22,936 | $4,467 | — | $50,989 | $284,011 |
| Year 29 | $27,403 | $24,601 | $2,802 | — | $26,388 | $308,612 |
| Year 30 | $27,404 | $26,388 | $1,016 | — | $0 | $335,000 |
VA Loan numbers for North Carolina
- Typical North Carolina home value
- $335,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $342,203
- Includes $7,203 financed funding fee
- Estimated monthly payment
- $2,728
- APR 7.242%
- North Carolina property tax
- 0.66%
- $184/mo
- Homeowners insurance
- $3,124/yr
- $260/mo
- VA funding fee (first use)
- 2.15% · $7,203
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $150/mo
- Same $335,000 home, FHA at 3.5% down
How much house can you afford in North Carolina with a va loan?
Highest price where principal, interest, North Carolina property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 |
|---|---|---|---|---|
| $50,000 | $1,167 | $123,000 | $0 | 37% |
| $75,000 | $1,750 | $202,000 | $0 | 60% |
| $100,000 | $2,333 | $281,000 | $0 | 84% |
| $125,000 | $2,917 | $360,000 | $0 | 108% |
| $150,000 | $3,500 | $439,000 | $0 | 131% |
| $200,000 | $4,667 | $598,000 | $0 | 179% |
| $250,000 | $5,833 | $756,000 | $0 | 226% |
VA 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 a va loan in North Carolina?
Estimated $2,728 per month ($2,284 principal & interest, $184 property tax, $260 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $335,000 North Carolina home?
$7,203 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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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
- 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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.