Question

 What is the average mortgage payment in the USA?

Answer According to the National Association of Realtors, the average monthly mortgage principal and interest payment is $778 as of May 2010. The monthly mortgage payment constitutes 15.4 percent of your ... Read More »
http://www.answerbag.com/q_view/2246077

Top Q&A For: What is the average mortgage payment in the USA

What Is an Average Monthly Mortgage Payment?

An average monthly mortgage payment comprises the principal payment on the loan (the money borrowed) plus the interest (the cost of borrowing). According to estimates by the U.S. Census Bureau, the... Read More »
http://www.answerbag.com/q_view/1608141

How much is an average monthly mortgage payment?

In 2009 the average monthly mortgage rate for a 30-year fixed loan was about $1,500. For a 15-year fixed loan, the monthly rate was around $2,000. These payments reflect a home that runs in the $20... Read More »
http://www.answerbag.com/q_view/1865075

When is the first payment due on an FHA mortgage?

The first payment due on a Federal Housing Administration (FHA) mortgage is due the first full month after the closing date. Payment on interest for mortgages is paid in arrears, after it is earned... Read More »
http://www.answerbag.com/q_view/2013651

What should your mortgage payment be?

On One Hand: 25 Percent of Your Budget.Many mortgage loan officers and lenders suggest that borrowers never borrow more than 25 percent of their monthly pre-tax income to purchase a residence. Havi... Read More »
http://www.answerbag.com/q_view/1933401


feedback
loading