Average monthly mortgage payment
Key takeaways
- Average monthly mortgage payment Andrew Dehan Tue, June 2, 2026 at 11:11 PM GMT+7 6 min read If you’re in the market for a home, affordability is likely top of mind — perhaps now more than ever.
- While the money you pay toward your mortgage is only one piece of your monthly payment, it’s an important one.
- The median monthly mortgage payment for U.S. homebuyers is currently $2,134.
Average monthly mortgage payment Andrew Dehan Tue, June 2, 2026 at 11:11 PM GMT+7 6 min read If you’re in the market for a home, affordability is likely top of mind — perhaps now more than ever. The record-high home prices of recent years, plus mortgage rates not seen since the 00s, have led to record-high monthly mortgage payments, according to data from Redfin. Mortgage rates were declining at the start of 2026, but have since risen and are stuck in the mid-6s. Meanwhile, home prices have seen some declines in some metros, particularly in the South and West.
While the money you pay toward your mortgage is only one piece of your monthly payment, it’s an important one. Here’s what you can expect.
The median monthly mortgage payment for U.S. homebuyers is currently $2,134. This assumes a buyer making a 20% down payment on a $417,700 home (the median sale price for an existing home in April 2026, according to the National Association of Realtors) at 6.6% interest, the average rate as of May 20, 2026 according to Bankrate data. This monthly payment does not include taxes or insurance.