1. $200,000: $1,400
2. $300,000: $2,100
3. $400,000: $2,800
4. $500,000: $3,500
5. $600,000: $4,200
6. $700,000: $4,900
7. $800,000: $5,600
8. $900,000: $6,300
9. $1,000,000: $7,000
10. $1,100,000: $7,700
The above mortgage payments assume a rate of 7.5% and do not include taxes, insurance and fees.
Including these expenses, the median payment on a new house is now at a record $2,800/month.
Home ownership rates are about to plummet.
Buying a house is now a...