Home Interest Rates
According to the Mortgage Bankers Association, the average loan amount for a new single-family home purchase was $402,873 in November of 2024.
The following chart uses the 402,873 amount to show your credit vs your interest rate vs your monthly payments.
0
| Interest Rate for Home | |
|---|---|
| Mortgage APR* | 7.838% |
| Monthly Payment* | $2,911 |
| Total Interest (30 Years)* | $645,004 |
| Interest Rate for Home | |
|---|---|
| Mortgage APR* | 7.711% |
| Monthly Payment* | $2,875 |
| Total Interest (30 Years)* | $632,264 |
| Interest Rate for Home | |
|---|---|
| Mortgage APR* | 7.609% |
| Monthly Payment* | $2,847 |
| Total Interest (30 Years)* | $622,075 |
| Interest Rate for Home | |
|---|---|
| Mortgage APR* | 7.555% |
| Monthly Payment* | $2,832 |
| Total Interest (30 Years)* | $616,696 |
| Interest Rate for Home | |
|---|---|
| Mortgage APR* | 7.449% |
| Monthly Payment* | $2,803 |
| Total Interest (30 Years)* | $606,168 |
| Interest Rate for Home | |
|---|---|
| Mortgage APR* | 7.242% |
| Monthly Payment* | $2,746 |
| Total Interest (30 Years)* | $585,730 |