Each week, Freddie Mac releases their Primary Mortgage Market Survey® (PMMS®) results from surveying mortgage lenders across the US. Included in these results are average interest rates for both 30-year and 15-year fixed rate mortgages. This survey is considered a reliable source for tracking mortgage rate trends and is used as a barometer for what you can expect when you apply for a mortgage. Note though that these numbers are only averages and not indicative of any specific lender's rates.
Based on the current 30-year mortgage rate average (7.17%), below are expected monthly payments for a home purchase based on a down payment amount. Click on the monthly payment to view the total interest and amortization schedule.
Monthly Payments | |||
---|---|---|---|
Home Price | 0% Down | 10% Down | 20% Down |
100,000 | 676.76 | 609.08 | 541.41 |
150,000 | 1,015.14 | 913.62 | 812.11 |
200,000 | 1,353.52 | 1,218.17 | 1,082.81 |
250,000 | 1,691.90 | 1,522.71 | 1,353.52 |
300,000 | 2,030.28 | 1,827.25 | 1,624.22 |
350,000 | 2,368.65 | 2,131.79 | 1,894.92 |
400,000 | 2,707.03 | 2,436.33 | 2,165.63 |
450,000 | 3,045.41 | 2,740.87 | 2,436.33 |
500,000 | 3,383.79 | 3,045.41 | 2,707.03 |
550,000 | 3,722.17 | 3,349.95 | 2,977.74 |
600,000 | 4,060.55 | 3,654.50 | 3,248.44 |
650,000 | 4,398.93 | 3,959.04 | 3,519.14 |
700,000 | 4,737.31 | 4,263.58 | 3,789.85 |
750,000 | 5,075.69 | 4,568.12 | 4,060.55 |
800,000 | 5,414.07 | 4,872.66 | 4,331.25 |
850,000 | 5,752.45 | 5,177.20 | 4,601.96 |
900,000 | 6,090.83 | 5,481.74 | 4,872.66 |
950,000 | 6,429.21 | 5,786.29 | 5,143.36 |
1,000,000 | 6,767.59 | 6,090.83 | 5,414.07 |
Based on the current 15-year mortgage rate average (6.44%), below are expected monthly payments for a home purchase based on a down payment amount. Click on the monthly payment to view the total interest and amortization schedule.
Monthly Payments | |||
---|---|---|---|
Home Price | 0% Down | 10% Down | 20% Down |
100,000 | 867.81 | 781.03 | 694.25 |
150,000 | 1,301.72 | 1,171.55 | 1,041.37 |
200,000 | 1,735.62 | 1,562.06 | 1,388.50 |
250,000 | 2,169.53 | 1,952.58 | 1,735.62 |
300,000 | 2,603.44 | 2,343.09 | 2,082.75 |
350,000 | 3,037.34 | 2,733.61 | 2,429.87 |
400,000 | 3,471.25 | 3,124.12 | 2,777.00 |
450,000 | 3,905.16 | 3,514.64 | 3,124.12 |
500,000 | 4,339.06 | 3,905.16 | 3,471.25 |
550,000 | 4,772.97 | 4,295.67 | 3,818.37 |
600,000 | 5,206.87 | 4,686.19 | 4,165.50 |
650,000 | 5,640.78 | 5,076.70 | 4,512.62 |
700,000 | 6,074.69 | 5,467.22 | 4,859.75 |
750,000 | 6,508.59 | 5,857.73 | 5,206.87 |
800,000 | 6,942.50 | 6,248.25 | 5,554.00 |
850,000 | 7,376.40 | 6,638.76 | 5,901.12 |
900,000 | 7,810.31 | 7,029.28 | 6,248.25 |
950,000 | 8,244.22 | 7,419.80 | 6,595.37 |
1,000,000 | 8,678.12 | 7,810.31 | 6,942.50 |