Charlotte Mortgage Calculator with Tax and Insurance


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The mortgage payment includes tax and insurance.
Mortgage payment factors vary by address: The property tax rate in downtown Charlotte is 1.375%.

Look up the tax rate for the property address you're purchasing to adjust the calculator.
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Property Tax Lookup Steps:
  1. Open the tax lookup tool
  2. Under “Search By” select “Street Name”
  3. Enter the street number on the left and the street name on the right. Omit suffixes like St or Ave. Omit the city, state, and zip code.
  4. Find the property address and click the “Bill #” on the left for the recent year.
  5. Add rates from all tax districts together for the total property tax rate.
What's included in a monthly mortgage payment in Charlotte?
Principal and Interest:
Charlotte Property Tax:
Charlotte Homeowners Insurance:
PMI:
HOA:
Total Mortgage Payment:
Extra Payment Calculator

Mortgage Payment: 
Extra Payment:
 $
Total Payment = 

An extra payment of $ saves in total interest over the life of the mortgage and makes the loan  months shorter.
Amortization

The amortization table includes the extra payment. View standard amortization by setting the extra payment to $0.

Charlotte Homeowners Association Fees (HOA)

The average HOA fee in Charlotte is $225 per month when buying a condo or home with neighborhood maintenance fees.

If the home you are buying does not require HOA dues, then set the amount to $0.

Your HOA fee: $ / month
Private Mortgage Insurance (PMI)

PMI is included in a Charlotte mortgage if the downpayment is under 20%. ​

If PMI is not included in on your loan type, then click the checkbox to remove PMI. ​

Learn more about PMI from the CFPB.
What are the finance charges for the life of the home loan?

Finance charges can exceed the cost of homes due to the length of the loans involved.

Mortgage finance charges are on a loan when making minimum payments for  years at % APR.

The finance charges with extra payments of $ per month are , saving in total bank interest.