At current rates, the median homebuyer will pay more than the home’s purchase price in interest over a 30-year mortgage, according to a new analysis. A buyer purchasing the median-priced U.S. home today with 20% down will pay approximately $413,700 in interest over the life of a 30-year mortgage at the current average rate of 6.53%, according to a new analysis from Best Interest Financial and Clever…
Mortgage Interest Now Exceeds Home Values For Typical Buyers – NMP







