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 (7.31%), 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 | 686.25 | 617.63 | 549.00 |
| 150,000 | 1,029.38 | 926.44 | 823.50 |
| 200,000 | 1,372.50 | 1,235.25 | 1,098.00 |
| 250,000 | 1,715.63 | 1,544.06 | 1,372.50 |
| 300,000 | 2,058.75 | 1,852.88 | 1,647.00 |
| 350,000 | 2,401.88 | 2,161.69 | 1,921.50 |
| 400,000 | 2,745.00 | 2,470.50 | 2,196.00 |
| 450,000 | 3,088.13 | 2,779.32 | 2,470.50 |
| 500,000 | 3,431.25 | 3,088.13 | 2,745.00 |
| 550,000 | 3,774.38 | 3,396.94 | 3,019.50 |
| 600,000 | 4,117.50 | 3,705.75 | 3,294.00 |
| 650,000 | 4,460.63 | 4,014.57 | 3,568.50 |
| 700,000 | 4,803.75 | 4,323.38 | 3,843.00 |
| 750,000 | 5,146.88 | 4,632.19 | 4,117.50 |
| 800,000 | 5,490.01 | 4,941.00 | 4,392.00 |
| 850,000 | 5,833.13 | 5,249.82 | 4,666.50 |
| 900,000 | 6,176.26 | 5,558.63 | 4,941.00 |
| 950,000 | 6,519.38 | 5,867.44 | 5,215.50 |
| 1,000,000 | 6,862.51 | 6,176.26 | 5,490.01 |
Based on the current 15-year mortgage rate average (6.72%), 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 | 883.25 | 794.92 | 706.60 |
| 150,000 | 1,324.87 | 1,192.38 | 1,059.90 |
| 200,000 | 1,766.49 | 1,589.84 | 1,413.20 |
| 250,000 | 2,208.12 | 1,987.31 | 1,766.49 |
| 300,000 | 2,649.74 | 2,384.77 | 2,119.79 |
| 350,000 | 3,091.36 | 2,782.23 | 2,473.09 |
| 400,000 | 3,532.99 | 3,179.69 | 2,826.39 |
| 450,000 | 3,974.61 | 3,577.15 | 3,179.69 |
| 500,000 | 4,416.24 | 3,974.61 | 3,532.99 |
| 550,000 | 4,857.86 | 4,372.07 | 3,886.29 |
| 600,000 | 5,299.48 | 4,769.53 | 4,239.59 |
| 650,000 | 5,741.11 | 5,167.00 | 4,592.88 |
| 700,000 | 6,182.73 | 5,564.46 | 4,946.18 |
| 750,000 | 6,624.35 | 5,961.92 | 5,299.48 |
| 800,000 | 7,065.98 | 6,359.38 | 5,652.78 |
| 850,000 | 7,507.60 | 6,756.84 | 6,006.08 |
| 900,000 | 7,949.22 | 7,154.30 | 6,359.38 |
| 950,000 | 8,390.85 | 7,551.76 | 6,712.68 |
| 1,000,000 | 8,832.47 | 7,949.22 | 7,065.98 |