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 »

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 »

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 »

What is a mortgage payment holiday?

A mortgage payment holiday is an agreement between a bank and a mortgage holder to temporarily suspend monthly mortgage payments. The suspension may be for one month or for a longer period. Inter... Read More »

What Is a capital payment on a mortgage?

Some lenders refer to the principal on your mortgage as "capital." This is the balance of your primary loan amount before interest. You can make capital mortgage payments each month or, with an int... Read More »