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Mortgage Calculator: Here’s How Much You Need To Buy a $440,950 Home at a 6.74% Rate
Here’s the monthly cost of purchasing a typical home today, according to the Realtor.com® mortgage calculator. The typical monthly payment on a median-priced $440,950 home at today’s 6.74% mortgage rate is roughly $2,286. (That’s assuming a 20% down payment and excluding tax and insurance.)
A rise in mortgage interest rates has led to a decline in people applying for home loans and homeowners refinancing.
The average rate on 30-year fixed home loans registered 6.74% for the week ending July 24, barely down from 6.75% last week.
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Mortgage rates today remain high, with 30-year fixed at 6.625% and ARMs climbing. See how current rates compare.
Analysts believe a modest drop in mortgage rates could prove to be a "magic bullet" for the U.S. housing market.
A rise in mortgage interest rates has led to a decline in people applying for home loans and homeowners refinancing.
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