Jacksonville vs Charlotte: Mortgage Cost Comparison
Thinking about buying in Jacksonville or Charlotte? Here's a side-by-side comparison of mortgage costs in both cities.
$2,153
Jacksonville PITI
$2,357
Charlotte PITI
$204/mo
Difference
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? Monthly payment PITI with taxes & insurance included
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? Bi-weekly payment PITI if paid every other week
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Jacksonville vs Charlotte: Full Mortgage Comparison
Buying a home in Jacksonville is $204/month cheaper based on average home prices and local costs.
| Jacksonville, FL | Charlotte, NC | |
|---|---|---|
| Avg. Home Price | $320,000 | $380,000 |
| Down Payment (20%) | $64,000 | $76,000 |
| Loan Amount | $256,000 | $304,000 |
| Property Tax Rate | 0.82% | 0.85% |
| Annual Property Tax | $2,624 | $3,230 |
| Annual Insurance | $3,800 | $2,000 |
| Monthly P&I | $1,618 | $1,921 |
| Monthly PITI | $2,153 | $2,357 |
| Total Interest (30yr) | $326,514 | $387,735 |
What Drives the Difference?
Home prices are the biggest factor — Charlotte’s average home costs $60,000 more than Jacksonville’s.
Property taxes also favor Jacksonville — Charlotte’s 0.85% rate is higher than Jacksonville’s 0.82%.
Insurance is $1,800/year more in Jacksonville.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Jacksonville | Charlotte | |
|---|---|---|
| Monthly PITI | $2,153 | $2,357 |
| Income needed | $92,290 | $101,028 |
Try Your Own Numbers
The calculator above is pre-filled with Jacksonville’s averages. Adjust the values to match your situation, or try the Charlotte calculator for Charlotte-specific numbers.