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 (7.10%), 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 | 672.03 | 604.83 | 537.63 |
150,000 | 1,008.05 | 907.24 | 806.44 |
200,000 | 1,344.06 | 1,209.66 | 1,075.25 |
250,000 | 1,680.08 | 1,512.07 | 1,344.06 |
300,000 | 2,016.10 | 1,814.49 | 1,612.88 |
350,000 | 2,352.11 | 2,116.90 | 1,881.69 |
400,000 | 2,688.13 | 2,419.32 | 2,150.50 |
450,000 | 3,024.14 | 2,721.73 | 2,419.32 |
500,000 | 3,360.16 | 3,024.14 | 2,688.13 |
550,000 | 3,696.18 | 3,326.56 | 2,956.94 |
600,000 | 4,032.19 | 3,628.97 | 3,225.75 |
650,000 | 4,368.21 | 3,931.39 | 3,494.57 |
700,000 | 4,704.22 | 4,233.80 | 3,763.38 |
750,000 | 5,040.24 | 4,536.22 | 4,032.19 |
800,000 | 5,376.26 | 4,838.63 | 4,301.00 |
850,000 | 5,712.27 | 5,141.04 | 4,569.82 |
900,000 | 6,048.29 | 5,443.46 | 4,838.63 |
950,000 | 6,384.30 | 5,745.87 | 5,107.44 |
1,000,000 | 6,720.32 | 6,048.29 | 5,376.26 |
Based on the current 15-year mortgage rate average (6.39%), 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 | 865.07 | 778.56 | 692.06 |
150,000 | 1,297.61 | 1,167.85 | 1,038.09 |
200,000 | 1,730.14 | 1,557.13 | 1,384.11 |
250,000 | 2,162.68 | 1,946.41 | 1,730.14 |
300,000 | 2,595.21 | 2,335.69 | 2,076.17 |
350,000 | 3,027.75 | 2,724.98 | 2,422.20 |
400,000 | 3,460.29 | 3,114.26 | 2,768.23 |
450,000 | 3,892.82 | 3,503.54 | 3,114.26 |
500,000 | 4,325.36 | 3,892.82 | 3,460.29 |
550,000 | 4,757.89 | 4,282.10 | 3,806.32 |
600,000 | 5,190.43 | 4,671.39 | 4,152.34 |
650,000 | 5,622.97 | 5,060.67 | 4,498.37 |
700,000 | 6,055.50 | 5,449.95 | 4,844.40 |
750,000 | 6,488.04 | 5,839.23 | 5,190.43 |
800,000 | 6,920.57 | 6,228.52 | 5,536.46 |
850,000 | 7,353.11 | 6,617.80 | 5,882.49 |
900,000 | 7,785.64 | 7,007.08 | 6,228.52 |
950,000 | 8,218.18 | 7,396.36 | 6,574.54 |
1,000,000 | 8,650.72 | 7,785.64 | 6,920.57 |