Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Winston-Salem mortgage calculator
A median-priced Winston-Salem, NC home at 6.75% over 30 years, with North Carolina property tax of 0.8% and $2,000 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$1,930 a month, all in
Principal and interest are $1,489; escrow and PMI add the rest. Over the full term the loan costs $306,372 in interest. Discounted at 5%, buying here has a net present value of $108,839 ($303,815 in today’s dollars).
Within North Carolina, Winston-Salem is the cheapest of the 6 North Carolina markets covered here — Asheville runs about 1.73x these prices. Buyers priced out of the expensive end of the state often end up comparing exactly this pair.
Winston-Salem is cheaper than North Carolina as a whole — $255,000 against a state median of $340,000, roughly 25% below. On a 20% deposit that is $17,000 less to find up front.
Rents here are high relative to prices — a rent index of 0.88 against a price index of 0.75. That combination favours buying sooner, because the payment you avoid is larger relative to the price you pay.
Monthly cost in Winston-Salem vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $255,000 |
|---|---|
| Down payment (10%) | $25,500 |
| Loan amount | $229,500 |
| Principal & interest | $1,489/mo |
| Property tax (0.8%) | $170/mo |
| Homeowners insurance | $167/mo |
| PMI while above 80% LTV | $105/mo |
| Total monthly payment | $1,930/mo |
| Comparable rent | $1,452/mo |
What a rate move does to the Winston-Salem payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $1,303/mo |
| 6% | $1,376/mo |
| 6.5% | $1,451/mo |
| 7% | $1,527/mo |
| 7.5% | $1,605/mo |
| 8% | $1,684/mo |
Rent or buy in Winston-Salem?
Against $1,452 a month in rent, over 7 years renting leaves you about $11,448 better off — $9,631 once 2.5% inflation is stripped out. See the North Carolina rent-vs-buy page.
Where these numbers come from
North Carolina medians come from editorial and are refreshed weekly. The Winston-Salem figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.