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How much is the average mortgage?

In: Personal Finance, Loans, Mortgages, Money Management [Edit categories]

Answer:

Answer

The average national monthly mortgage payment in the United States was $1,687 in mid 2006. By contrast the average rent was roughly $890.

A mortgage is the amount of money borrowed from the bank to purchase a house or other real property. The monthly payment amount varies based on:

Escrow requirements (Based on taxes and insurance and how much money you put down to start with)

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Aggie80

First answer by Ranger22. Last edit by Ranger22. Contributor trust: 4879 [recommend contributor ]. Question popularity: 30 [recommend question].

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