Charlotte, NC Adjustable Rate Mortgage (ARM) Calculator

Pre-loaded with Charlotte's illustrative property tax assumption (0.84%) and median home price ($390,000). Get a personalized rate quote in 2 minutes — free.

CHARLOTTE, NC
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Your payment$2,309/month
Principal & interest
$1,910.90
Property tax
$273.00
Homeowners insurance
$125.00
Loan amount$312,000
See your real rate for this payment

Your estimate: $2,309/month on a $390,000 home with $78,000 down. Request a free quote in about 2 minutes.

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Charlotte market snapshot

Median Home Price
$390,000
Property Tax Rate
0.84%
Avg Monthly Payment
$2,309
Typical Down Payment
$78,000

Adjustable Rate Mortgage (ARM)s in Charlotte

The median home price in Charlotte is $390,000, with an average property tax rate of 0.84% in Mecklenburg County. A typical 30-year fixed adjustable rate mortgage (arm) on a median-priced home in Charlotte with 20% down would result in an estimated monthly payment of $2,309, including principal, interest, and property taxes.

An ARM offers a lower fixed rate for an initial period (typically 5, 7, or 10 years), then adjusts annually based on a market index.

Use the calculator above with Charlotte's illustrative defaults to model your own scenario, then tap Get My Free Rate Quote to compare offers from licensed lenders serving North Carolina.

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