Here’s How Much the Same Mortgage Costs Now, Compared to Last Year

CNBC, Apr. 16, 2022–Mike Winters
or a home worth $408,100 — the median home price in the U.S. — with a 20% down payment, 30-year fixed mortgage and a 5% interest rate, monthly mortgage costs would come to $1,752.62, according to CNBC calculations. But for the same home purchased last year, when interest rates were 3.04%, monthly mortgage payments would only come to $1,383.51.