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 (6.74%), 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 | 647.93 | 583.14 | 518.35 |
150,000 | 971.90 | 874.71 | 777.52 |
200,000 | 1,295.87 | 1,166.28 | 1,036.69 |
250,000 | 1,619.83 | 1,457.85 | 1,295.87 |
300,000 | 1,943.80 | 1,749.42 | 1,555.04 |
350,000 | 2,267.77 | 2,040.99 | 1,814.21 |
400,000 | 2,591.73 | 2,332.56 | 2,073.39 |
450,000 | 2,915.70 | 2,624.13 | 2,332.56 |
500,000 | 3,239.67 | 2,915.70 | 2,591.73 |
550,000 | 3,563.63 | 3,207.27 | 2,850.91 |
600,000 | 3,887.60 | 3,498.84 | 3,110.08 |
650,000 | 4,211.57 | 3,790.41 | 3,369.25 |
700,000 | 4,535.53 | 4,081.98 | 3,628.43 |
750,000 | 4,859.50 | 4,373.55 | 3,887.60 |
800,000 | 5,183.47 | 4,665.12 | 4,146.77 |
850,000 | 5,507.43 | 4,956.69 | 4,405.95 |
900,000 | 5,831.40 | 5,248.26 | 4,665.12 |
950,000 | 6,155.37 | 5,539.83 | 4,924.29 |
1,000,000 | 6,479.34 | 5,831.40 | 5,183.47 |
Based on the current 15-year mortgage rate average (6.16%), 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 | 852.53 | 767.27 | 682.02 |
150,000 | 1,278.79 | 1,150.91 | 1,023.03 |
200,000 | 1,705.05 | 1,534.55 | 1,364.04 |
250,000 | 2,131.31 | 1,918.18 | 1,705.05 |
300,000 | 2,557.58 | 2,301.82 | 2,046.06 |
350,000 | 2,983.84 | 2,685.46 | 2,387.07 |
400,000 | 3,410.10 | 3,069.09 | 2,728.08 |
450,000 | 3,836.36 | 3,452.73 | 3,069.09 |
500,000 | 4,262.63 | 3,836.36 | 3,410.10 |
550,000 | 4,688.89 | 4,220.00 | 3,751.11 |
600,000 | 5,115.15 | 4,603.64 | 4,092.12 |
650,000 | 5,541.42 | 4,987.27 | 4,433.13 |
700,000 | 5,967.68 | 5,370.91 | 4,774.14 |
750,000 | 6,393.94 | 5,754.55 | 5,115.15 |
800,000 | 6,820.20 | 6,138.18 | 5,456.16 |
850,000 | 7,246.47 | 6,521.82 | 5,797.17 |
900,000 | 7,672.73 | 6,905.46 | 6,138.18 |
950,000 | 8,098.99 | 7,289.09 | 6,479.19 |
1,000,000 | 8,525.25 | 7,672.73 | 6,820.20 |