(Approximate estimates only — for accurate numbers tailored to your situation, I can connect you with one of our preferred lenders at CrossCountry Mortgage.)

One of the most common questions buyers ask right now is:

👉 “What will my monthly payment look like with today’s interest rates?”

Whether you’re considering a $400K home or something closer to $800K, it helps to understand how mortgage payments break down. While every situation is different, credit scores, down payment amount, loan type, taxes, and insurance all play a major role, here’s a general idea of what today’s Triangle buyers can expect.

Below are ballpark monthly payment ranges based on today’s average interest rates.

How Monthly Payments Are Calculated

Your total monthly payment is usually made up of four parts, often called PITI:

• Principal → the amount you borrow

• Interest → based on the current interest rate

• Taxes → varies by county/city (Wake, Durham, Orange, etc.)

• Insurance → homeowner’s insurance, sometimes mortgage insurance

Depending on your situation, you may also see:

• HOA dues

• Mortgage insurance (if putting less than 20% down)

• PMI on certain loan types

For this example, we’ll assume:

• 5–10% down

• A mid-range credit score

• Typical tax/insurance ranges for the Triangle

Estimated Monthly Payments (Approximate)

These numbers are only general ranges — your actual payment will vary.

$400,000 Home

With 5–10% down:

• Mortgage + interest: ~$2,350–$2,650

• Taxes (Wake Co. average): ~$325–$380

• Insurance: ~$90–$120
  Total Estimated Monthly Payment: $2,765–$3,150

$600,000 Home

With 5–10% down:

• Mortgage + interest: ~$3,520–$3,980

• Taxes: ~$480–$580

• Insurance: ~$110–$150
  Total Estimated Monthly Payment: $4,110–$4,700

$800,000 Home

With 5–10% down:

• Mortgage + interest: ~$4,700–$5,350

• Taxes: ~$650–$780

• Insurance: ~$140–$200
  Total Estimated Monthly Payment: $5,490–$6,330

What Can Change These Numbers?

Buyers are often surprised by how much small changes can impact monthly payments. A few big factors:

1. Your Credit Score

Higher scores = lower rates = lower payments.

2. Your Down Payment

Putting 20% down eliminates mortgage insurance and reduces interest costs.

3. Property Location

Taxes vary across Wake, Durham, Orange, Johnston, and Chatham counties.

4. Mortgage Type

Conventional, FHA, VA, and jumbo loans all calculate differently.

5. Interest Rate at the Time You Lock

Even a 0.25% rate difference can shift your payment by hundreds.

Want Exact Numbers? I Can Help.

These estimates are meant to give you a general sense of what Triangle buyers are seeing in today’s market.

For accurate, personalized numbers, based on your income, credit, down payment, and loan type. I can connect you with one of our trusted lenders at CrossCountry Mortgage who can give you a detailed breakdown.

Just message me and I’ll introduce you!