How much is the average house payment a month?
William Jenkins
Updated on February 12, 2026
The average monthly mortgage payment for a homeowner in the United States is $1,275 on a 30-year fixed mortgage. The median monthly mortgage payment is $1,609, according to the most recent data available from the U.S. Census Bureau’s American Housing Survey.
How much is a monthly payment on a $300 000 house?
A $300,000 mortgage comes with upfront and long-term costs. The total costs of the loan will depend on your interest rate and loan term….Monthly payments for a $300,000 mortgage.
| Annual Percentage Rate (APR) | Monthly payment (15 year) | Monthly payment (30 year) |
|---|---|---|
| 3.00% | $2,071.74 | $1,264.81 |
How much is a monthly payment on a $400 000 house?
How to get a $400,000 mortgage….Monthly payments for a $400,000 mortgage.
| Annual Percentage Rate (APR) | Monthly payment (15 year) | Monthly payment (30 year) |
|---|---|---|
| 3.00% | $2,762.33 | $1,686.42 |
What is a good down payment for house?
Typically, mortgage lenders want you to put 20 percent down on a home purchase because it lowers their lending risk. It’s also a “rule” that most programs charge mortgage insurance if you put less than 20 percent down (though some loans avoid this).
How do you calculate your monthly house payment?
In addition, under certain circumstances, your monthly house payment will include private mortgage insurance and condominium association fees. Calculate the mortgage amount. Subtract your down payment from the purchase price of the house.
How to calculate the cost of a house?
Make sure you identify the amount of all association fees and maintenance fees. Add the principal and interest payment, monthly tax payment, monthly insurance payment and monthly payment for any additional association fees. The total is your monthly housing payment.
How much can you pay for a mortgage per month?
For someone capable to pay over the next 30 years $1,000 per month for a mortgage let’s find out how much house he can afford by specific interest rate percents: How much house can I afford for 1100 a month?
What should be included in a monthly mortgage payment?
It also includes property taxes and insurance, and if your down payment was less than 20%, then it also includes private mortgage insurance . Many mortgage calculators don’t include these amounts, which makes them kind of useless. My calculator (at right) gives you a more realistic picture of your real total monthly obligation.
