Mortgage Calculator: This Is How Much You Need To Buy a $424,950 Home With a 6.81% Rate
Assuming a 3.5% down payment and excluding tax and insurance, the typical payment at today’s 6.81% mortgage rate on a median-priced $424,950 home is roughly $2,676 monthly. Last week, a median-priced home at a 6.84% mortgage rate would have cost homebuyers $2,684 per month—$8 less than what buyers would pay today.