What is the average mortgage payment?

•

Contributed by Tom McLean

Updated Jun 23, 2026

•

5-minute read

Two women going over paperwork in an office setting.

The average U.S. monthly mortgage payment in 2025 is $2,030, according to Rocket Mortgage data. The amount you'll pay for a mortgage depends on how much you're borrowing, your loan's interest rate, and your loan term. Many homeowners pay their property taxes and homeowners insurance premiums with an escrow account, which adds those costs to their monthly mortgage payment.

Key takeaways:

The average monthly mortgage payment in the U.S. reached $2,030 in 2025.
Factors influencing your payment include home price, down payment amount, interest rate, and loan term.
Monthly payments often include escrow payments to cover property taxes, homeowners insurance, private mortgage insurance (PMI), and homeowners association dues.

Average monthly mortgage payment in the US

Again, the average U.S. monthly mortgage payment as of August 2025 is $2,030 for a home with an average purchase price and a 30-year fixed-rate mortgage at 6.68%, according to Rocket Mortgage data.

That's less than the median mortgage payment of $2,623, as of June 4, 2026, according to Redfin data. The median is the midpoint of all payments, making it less skewed by extremes at the high or low end than the average. That's based on a median U.S. home sale price of $398,854 for the 4 weeks ending May 31 and Freddie Mac's weekly average mortgage rate of 6.53%. It covers principal and interest only – property tax and insurance premiums are extra.

What determines your monthly mortgage payment?

As you calculate your mortgage payment and map out a budget, it's important to consider the factors that shape your average mortgage cost:

Your home price. The more expensive the home, the higher your monthly payment will be. It's important to know how much house you can afford.
Your down payment. A larger down payment reduces the amount you need to borrow, lowering both your monthly payment and the total interest you pay. Learn more about what the average down payment on a house looks like.
Your mortgage interest rate. Your rate directly determines how much you pay a lender each month to finance your loan.
Your loan term. A longer loan term means lower monthly payments, but more interest paid overall. A shorter term has a higher payment, but you'll own your home sooner and pay less interest. Your payments can change over time, especially if you have an adjustable-rate mortgage (ARM). Learn why your mortgage payment might change.

See what you qualify for

Get started

Average monthly mortgage payment by state

What is the average house payment in the state where you're looking to buy? It varies. Here's the average monthly payment in each state, according to Rocket Mortgage.

State	Average Payment 2023*	Average Payment 2024*	Average Payment 2025*	Percent Change 2023 to 2025
Alabama	$1,514	$1,626	$1,600	5.7%
Alaska	$2,060	$2,240	$2,469	19.9%
Arizona	$2,091	$2,313	$2,312	10.6%
Arkansas	$1,581	$1,700	$1,701	7.6%
California	$3,427	$3,616	$3,433	0.2%
Colorado	$1,769	$1,834	$1,795	1.5%
Connecticut	$2,210	$2,387	$2,939	33.0%
Delaware	$1,785	$1,867	$1,824	2.2%
District of Columbia	$3,235	$4,015	$3,040	-6.0%
Florida	$1,860	$1,992	$1,957	5.2%
Georgia	$1,598	$1,690	$1,720	7.6%
Hawaii	$3,425	$3,562	$3,120	-8.9%
Idaho	$1,659	$1,831	$1,828	10.2%
Illinois	$1,564	$1,637	$1,629	4.2%
Indiana	$1,619	$1,724	$1,782	10.1%
Iowa	$1,557	$1,659	$1,637	5.1%
Kansas	$1,630	$1,697	$1,720	5.5%
Kentucky	$1,538	$1,623	$1,643	6.8%
Louisiana	$1,478	$1,575	$1,612	9.1%
Maine	$1,598	$1,746	$1,825	14.2%
Maryland	$1,851	$1,967	$1,864	0.7%
Massachusetts	$2,413	$2,623	$2,656	10.1%
Michigan	$1,397	$1,472	$1,564	12.0%
Minnesota	$1,664	$1,669	$1,767	6.2%
Mississippi	$1,514	$1,624	$1,636	8.1%
Missouri	$1,546	$1,628	$1,641	6.1%
Montana	$1,629	$1,658	$1,651	1.4%
Nebraska	$1,601	$1,686	$1,761	10.0%
Nevada	$2,215	$2,131	$2,016	-9.0%
New Hampshire	$1,921	$1,940	$1,920	-0.1%
New Jersey	$2,191	$2,370	$2,711	23.7%
New Mexico	$1,750	$1,830	$1,929	10.2%
New York	$1,857	$2,036	$2,006	8.0%
North Carolina	$1,782	$1,893	$1,932	8.4%
North Dakota	$1,576	$1,751	$1,671	6.0%
Ohio	$1,503	$1,611	$1,614	7.4%
Oklahoma	$1,492	$1,557	$1,555	4.2%
Oregon	$1,751	$1,724	$1,779	1.6%
Pennsylvania	$1,493	$1,602	$1,623	8.7%
Rhode Island	$1,765	$1,824	$1,904	7.9%
South Carolina	$1,682	$1,824	$1,829	8.7%
South Dakota	$1,773	$1,748	$1,719	-3.0%
Tennessee	$1,572	$1,651	$1,671	6.3%
Texas	$1,792	$1,859	$1,871	4.4%
Utah	$1,717	$1,805	$1,942	13.1%
Vermont	$2,110	$2,275	$2,412	14.3%
Virginia	$1,931	$2,076	$2,115	9.5%
Washington	$2,019	$2,113	$2,140	6.0%
West Virginia	$1,418	$1,457	$1,467	3.5%
Wisconsin	$1,613	$1,678	$1,756	8.9%
Wyoming	$1,670	$1,840	$1,774	6.2%
United States	$1,921	$2,049	$2,030	5.7%

*Average monthly mortgage payment in a region, calculated based on Rocket Mortgage data for an average home purchase price for a fixed 30-year loan and the latest 52-week average interest rate of 6.68% from Freddie Mac, as of August 2025.

Average monthly mortgage payment in the 10 most populous counties.

The average monthly mortgage payment varies by location. Here are the average monthly payments in the U.S. Census Bureau's 10 most populous counties, according to Rocket Mortgage data.

County	State	Population (2025)	Average Payment in 2025*
Los Angeles	California	9,694,934	$3,812
Cook	Illinois	5,194,625	$1,794
Harris	Texas	5,045,026	$1,933
Maricopa	Arizona	4,689,558	$2,412
San Diego	California	3,282,248	$4,129
Orange	California	3,149,507	$3,573
Miami-Dade	Florida	2,802,029	$2,525
Dallas	Texas	2,661,397	$1,855
Kings	New York	2,653,963	$3,765
Riverside	California	2,544,916	$2,673

*Average monthly mortgage payment in a region, calculated based on average home purchase price for a fixed 30-year loan and the latest 52-week average interest rate of 6.68% from Freddie Mac, as of August 2025.

Take the first step toward the right mortgage

Apply online for expert recommendations with real interest rates and payments

I want to buy a home

I’d like to refinance

Costs included in a mortgage payment

Many new homeowners overlook the full range of costs included in an average mortgage payment. Being aware of these fees can help you manage your household budget more accurately.

Principal and interest: Mortgages are amortized, meaning each payment is structured to pay off the principal and interest by the end of the loan term. Early payments go mostly toward interest, while later payments pay more principal.
Property taxes: Many homeowners set up a property tax escrow account with their lender. The lender estimates your annual tax bill, collects a portion each month, and pays it on your behalf when it's due.
Homeowners insurance: Like property taxes, homeowners insurance premiums are often collected monthly through escrow. Lenders typically require borrowers to carry a policy.
Private mortgage insurance (PMI): You'll need to pay for PMI if you put down less than 20% on a conventional loan. The policy protects your lender if you default.
HOA fees: If your home is part of a homeowners association, monthly dues are often rolled into your mortgage payment and cover shared amenities and common area maintenance.

Calculating your average mortgage payment

To calculate a mortgage payment, you need to know the amount you’re borrowing, which is the purchase price minus the down payment, plus the interest rate and loan term.

An average monthly mortgage payment is simple to compute with the mortgage calculator from Rocket Mortgage. The calculator estimates property taxes and homeowners insurance premiums based on the property’s ZIP code.

Get approved to buy a home

Rocket Mortgage lets you get to house hunting sooner

Start my application

The bottom line: Many factors affect your mortgage payment

The average mortgage payment in the U.S. is $2,030 per month in 2025, but what you'll actually pay depends on where you live, your home's purchase price, your down payment, your interest rate, and your loan term. Escrowing property taxes and home insurance will add to that figure as well. With mortgage payments in 2026 remaining elevated alongside current mortgage rates, understanding every component of your monthly payment is essential to building a realistic home buying budget.

Ready to see what your payment could look like? Start your mortgage application with Rocket Mortgage.

Jasica Usman

Jasica is a Licensed Real Estate Agent (Texas #795679), a writer, and marketing professional with hands-on experience guiding buyers and sellers through contracts, negotiations, and new-construction transactions. She brings a practical, market-informed perspective to real estate and mortgage topics, with a focus on clear, consumer-first education.