Understanding the Average Mortgage Payment

<!DOCTYPE html> <html lang="en-US"> <head> <title>Understanding the Average Mortgage Payment</title> <meta charset="UTF-8"> <meta name="viewport" content="width=device-width, initial-scale=1" > <meta name="title" content="What is the Average Mortgage Payment?" > <meta name="datePublished" content="2024-08-26T21:41:00Z" > <meta name="dateModified" content="2024-08-27T16:11:54Z" > <meta name="news_keywords" content="Personal Finance, Loans, Mortgages" > <meta name="description" content="Learn about the factors influencing the average mortgage payment and how it varies across different regions." > <meta property="author" content="Molly Grace, Aly J. Yale" > <meta property="article:publisher" content="businessinsider" > <meta name="tbi-vertical" content="Personal Finance" > <meta property="og:title" content="What is the Average Mortgage Payment?" > <meta property="og:description" content="Learn about the factors influencing the average mortgage payment and how it varies across different regions." > <meta property="og:type" content="article" > <meta property="og:url" content="https://www.businessinsider.com/personal-finance/mortgages/average-mortgage-payment" > <meta property="og:image" content="https://i.insider.com/5f29c621de1e96611527c7d8?width=1200&format=jpeg"> <meta property="og:image:type" content="image/jpeg" /> <meta property="og:image:width" content="1200" /> <meta property="og:image:height" content="600" /> <meta name="twitter:card" content="summary_large_image" > <meta name="twitter:site" content="@BI_Strategy" > <meta name="should-hide-ads" value="true"> <meta name="robots" content="max-image-preview:large"/> <meta property="og:site_name" content="Business Insider" > <meta property="fb:pages" content="20446254070" > <meta name="apple-itunes-app" content="app-id=554260576" > <meta name="linkedin:owner" content="mid:1d5f7b" > <link rel="canonical" href="https://www.businessinsider.com/personal-finance/mortgages/average-mortgage-payment" > <meta name="ii-ab-test:ctc" value="c" > <meta name="user-status" value="anonymous" > <meta name="viking-id" value="669c1139c79d31931d7ec70f" > <meta name="env" value="prod" > <meta name="am-api-token" content="XXS5UMXakHMr"> <meta name="am-tags:pfi-vertical" content="Loans, Mortgages"> <meta property="mrf:sections" content="Personal Finance"> <meta property="mrf:tags" content="sub-section:Loans;sub-section:Mortgages;" > <meta property="mrf:tags" content="Page Type:story"> <link class="favicon-asset" rel="icon" sizes="192x192" href="/public/assets/BI/US/favicons/apple-touch-icon-192x192.png?v=2023-11" > <link class="favicon-asset" rel="apple-touch-icon" sizes="180x180" href="/public/assets/BI/US/favicons/apple-touch-icon-180x180.png?v=2023-11" > <link class="favicon-asset" rel="apple-touch-icon" sizes="152x152" href="/public/assets/BI/US/favicons/apple-touch-icon-152x152.png?v=2023-11" > <link class="favicon-asset" rel="apple-touch-icon" sizes="144x144" href="/public/assets/BI/US/favicons/apple-touch-icon-144x144.png?v=2023-11" > <link class="favicon-asset" rel="apple-touch-icon" sizes="120x120" href="/public/assets/BI/US/favicons/apple-touch-icon-120x120.png?v=2023-11" > <link class="favicon-asset" rel="apple-touch-icon" sizes="114x114" href="/public/assets/BI/US/favicons/apple-touch-icon-114x114.png?v=2023-11" > <link class="favicon-asset" rel="apple-touch-icon" sizes="76x76" href="/public/assets/BI/US/favicons/apple-touch-icon-76x76.png?v=2023-11" > <link class="favicon-asset" rel="apple-touch-icon" sizes="72x72" href="/public/assets/BI/US/favicons/apple-touch-icon-72x72.png?v=2023-11" > <link class="favicon-asset" rel="apple-touch-icon" href="/public/assets/BI/US/favicons/apple-touch-icon.png?v=2023-11"> <link class="favicon-asset" rel="icon" type="image/png" sizes="32x32" href="/public/assets/BI/US/favicons/favicon-32x32.png?v=2023-11" > <link class="favicon-asset" rel="icon" type="image/png" sizes="16x16" href="/public/assets/BI/US/favicons/favicon-16x16.png?v=2023-11" > <link class="favicon-asset" rel="manifest" href="/public/assets/BI/US/favicons/site.webmanifest?v=2023-11" > <link class="favicon-asset" rel="mask-icon" href="/public/assets/BI/US/favicons/safari-pinned-tab.svg?v=2023=11" color="#fff" > <link class="favicon-asset" rel="shortcut icon" href="/public/assets/BI/US/favicons/favicon.ico?v=2023-11" > <link class="favicon-asset" rel="shortcut icon" type="image/svg+xml" href="/public/assets/BI/US/favicons/favicon.svg?v=2023-11" > <meta class="favicon-asset" name="msapplication-config" content="/public/assets/BI/US/favicons/browserconfig.xml?v=2023-11" > <meta name="theme-color" content="#fff" > <meta name="apple-mobile-web-app-title" content="Business Insider" > <link rel="preload" as="image" fetchpriority="high" href="https://i.insider.com/64b1a9699751e300192a3090?width=700" imagesrcset="https://i.insider.com/64b1a9699751e300192a3090?width=400&format=jpeg&auto=webp 400w, https://i.insider.com/64b1a9699751e300192a3090?width=500&format=jpeg&auto=webp 500w, https://i.insider.com/64b1a9699751e300192a3090?width=700&format=jpeg&auto=webp 700w, https://i.insider.com/64b1a9699751e300192a3090?width=1000&format=jpeg&auto=webp 1000w" imagesizes="(min-width: 1280px) 900px"> <script type="text/javascript" id="fenrir-client-data"> window.Fenrir = {"config":{"ads":{"providerName":"dfp","sticky_active_header_height":47,"abTest":{"lazyLoad":155,"adxABTest":15,"changeCorrelator":false},"continentCode":"AS","config":{"scrollVelocity":true,"refreshAdsTimeout":30,"refreshAdsDisplayTimer":false},"data":{"networkid":4442842,"verity":{"taxonomy":[],"taxonomyBreakdown":[],"taxonomyIds":[],"keywords":[],"events":[],"threats":[],"sentiment":[]}},"services":{"amazonTam":{"enabled":true,"pubID":3201,"adServer":"googletag"},"rubiconPrebid":{"enabled":true,"scriptUrl":"https://ads.rubiconproject.com/prebid/10306.js","gdprScriptUrl":"https://ads.rubiconproject.com/prebid/10306_gdpr.js"},"indexExchange":{"enabled":false},"permutive":{"enabled":true,"projectId":"3aba5292-ba75-422b-8715-bd21146f7836","publicKey":"6f1150a7-e587-49c6-b439-a4b7ee68a5a7","version":1},"doubleverify":{"enabled":true}},"meta":{"primaryVertical":"yourmoney","categories":"homebuying,homeownership,pfi-average,personal-finance-insider,pfi-reference,pfi-average-cost,pfi-storytelling,pfi-reviews,pfi-featured-products,pfi-reference-report","secondaryVerticals":"pfi-loans,pfi-mortgages","author":"molly-grace,aly-yale","pageType":"post","adunit":{"site":"businessinsider","variation":"pfi-post","vertical":"banking-pfi","regionCounter":{"desktop":{},"mobile":{}},"rawVertical":false}}},"authEnv":"production","fenrirEnv":"production","fenrirWebpackPort":3001,"version":"main-241122.1577","authentication":{"url":"https://account.businessinsider.com","redirectAuth":{"url":"https://auth.businessinsider.com/authorize?response_type=code&client_id=__AUTH-CLIENT-ID__&redirect_uri=__REDIRECT-URI__&state=__UNIQUE-ID__&connection=__CONNECTION-NAME__&scope=openid%20offline_access","key":"1kovu25q4Q11Fx1x1mIKn0AGFas5VS2a"},"clientId":"faf5a910-46c1-47fd-a19a-32071a41547b","recaptcha":{"siteKey":"6Lc34KYZAAAAALr41Qa1RN3K06SrpQTbrN2_WTdh","siteKeyInvisible":"6LeGf2QhAAAAABuMypNcSm7aU69j1kGyUPzEF2L0"}},"newsletterSignUp":"https://account.businessinsider.com/newsletter","newsletterEnv":"production","consentManagement":{},"stripe":{"subscriptionResources":{"renewal-off-annual":{"plansToSubscribeTo":{"usd":{"annual":"f69f772f-a2c8-4768-ad1d-f69784590386"}}},"cancellation-annual-upgrade":{"usd":{"planId":"fb7506b9-570f-4b03-ab0b-c0baac1e46b0","currencySymbol":"$","renewalPrice":"149","offerPrice":"49","monthlyPrice":"25.95","interval":"yearly"},"cad":{"planId":"c12e3e69-0e64-4a8b-81c4-056c9f92dfa4","currencySymbol":"C$","renewalPrice":"199","offerPrice":"59","monthlyPrice":"14.95","interval":"yearly"},"gbp":{"planId":"810be99a-d57c-4c03-b0b6-ea4b9b5e5f00","currencySymbol":"£","renewalPrice":"119","offerPrice":"39","monthlyPrice":"10","interval":"yearly"}},"annual-early-renewal":{"usd":{"planId":"f88bd81d-f8f2-4972-b3de-c37dbcdb3051","currencySymbol":"$","renewalPrice":"149","offerPrice":"69"},"cad":{"planId":"89f953cf-ebf2-4353-8f74-6c15d4ecf3c9","currencySymbol":"C$","renewalPrice":"99","offerPrice":"69"},"gbp":{"planId":"3120f175-7e06-4ada-b844-5bb26f7c5f53","currencySymbol":"£","renewalPrice":"79","offerPrice":"55"}},"annual-switch":{"usd":{"planId":"92ef4403-b84d-421f-abca-a8ec85b9c71d","currencySymbol":"$","renewalPrice":"149","offerPrice":"39","interval":"yearly"},"cad":{"planId":"7c0d5e2d-901a-4e42-9194-4219a9686028","currencySymbol":"C$","renewalPrice":"179","offerPrice":"49","interval":"yearly"},"gbp":{"planId":"af40180b-4803-4b6b-adab-96b88876e54b","currencySymbol":"£","renewalPrice":"105","offerPrice":"29","interval":"yearly"}},"annual-switch-limited-offer":{"usd":{"planId":"e370ef9e-d604-4f2a-a6f0-42589158b973","currencySymbol":"$","renewalPrice":"149","offerPrice":"29","interval":"yearly"}},"preCancellationOffer":{"usd":{"planId":"fb7506b9-570f-4b03-ab0b-c0baac1e46b0","currencySymbol":"$","renewalPrice":"149","offerPrice":"49","monthlyPrice":"25.95","interval":"yearly"},"cad":{"planId":"c12e3e69-0e64-4a8b-81c4-056c9f92dfa4","currencySymbol":"C$","renewalPrice":"199","offerPrice":"59","monthlyPrice":"14.95","interval":"yearly"},"gbp":{"planId":"810be99a-d57c-4c03-b0b6-ea4b9b5e5f00","currencySymbol":"£","renewalPrice":"119","offerPrice":"39","monthlyPrice":"10","interval":"yearly"}},"plansNotToShowRetentionOffer":[]}},"sigyn":"https://membership-api.businessinsider.com","idun":"https://membership-api.businessinsider.com","skadi":"https://membership-api.businessinsider.com","forsetiUrl":"https://my.businessinsider.com","basicAuth":{"domain":"https://membership-api.businessinsider.com","apiKey":"OGU5ZWUyZWUtNjM2ZS00OTdiLWI0OTUtYTliOGIzMjQ1ODA2"},"tracking":{"providerName":["ga","t","comscore"],"base_url":"//www.businessinsider.com","postTrackingObject":{"pageType":"post","postID":"669c1139c79d31931d7ec70f","postURI":"personal-finance/mortgages/average-mortgage-payment","publisher":"","editor":"Sarah Silbert","vertical":"yourmoney","verticals":["yourmoney","pfi-loans","pfi-mortgages"],"author":"Molly Grace|Aly J. Yale","category":"homebuying|Homeownership|PFI average|Personal Finance Insider|PFI Reference|pfi average cost|PFI Storytelling|PFI Reviews|PFI Featured Products|PFI Reference Report","dateModified":"2024-08-27","datePublished":"2024-08-26","numSlides":0,"wordCount":1240,"abTest":"|ctc:c|","splitTest":null,"secondaryVerticals":"pfi-loans|pfi-mortgages","theme":"default"},"data":{"gtm":{"id":"GTM-MP6F46L","env_string":""},"domains":["businessinsider.com","insider.com"],"t":{"pixel":"https://i.businessinsider.com/t.gif"}}},"logging":true,"abTests":[{"name":"ctc","value":"c"}],"splitTests":[],"featureFlags":{"shouldConsentDialogAutoClose":false,"disablePrebidRubicon":false,"disableAllAbTests":false,"activityLogging":false,"logs":false,"forceSpeedcurveSample":false,"forceDataDogRumSample":false,"disableDataDogRumSample":false,"forceDataDogLogs":false,"disableDataDogLogs":false,"unified":false,"trending":false,"developerBar":false,"changeCorrelator":false,"adFree":false,"renderTicker":false,"appSoftLaunch":false,"ignoreRedirect":false,"lcpPerformanceShowcase":false,"ampMarquee":false,"removeTickerHubNav":false,"storyVersioningApi":false,"testLatestSharedComponents":false,"myInsiderCorporate":false,"utmContentMarketing":false,"ampAdConsent":false,"ampAdConsentPurposes":false,"webVitals":false,"isPersonalizedOffer":false,"hideOpm":false,"useMockDadRecs":false,"metaPixel":false,"buildAudioTranscript":false,"videoShowsPreview":false,"disableAutoplay":false,"useAISearch":true,"useMockVerticals":false},"sticky":{"siteSkinEnabled":false,"stickyActiveHeaderHeaderHeight":71,"subnavStickyAdBuffer":250},"dataLayer":{"pageType":"post","postID":"669c1139c79d31931d7ec70f","postURI":"personal-finance/mortgages/average-mortgage-payment","publisher":"","editor":"Sarah Silbert","vertical":"yourmoney","author":"Molly Grace|Aly J. Yale","category":"homebuying|Homeownership|PFI average|Personal Finance Insider|PFI Reference|pfi average cost|PFI Storytelling|PFI Reviews|PFI Featured Products|PFI Reference Report","dateModified":"2024-08-27","datePublished":"2024-08-26","wordCount":1240,"abTest":"|ctc:c|","secondaryVerticals":"pfi-loans|pfi-mortgages","theme":"default"},"shouldDeferScripts":true,"shouldManageConsent":false,"delayThirdPartyScripts":false,"facets":{"url":"https://www.businessinsider.com/personal-finance/mortgages/average-mortgage-payment","path":"/personal-finance/mortgages/average-mortgage-payment","site":"bi","type":"story","vertical":"yourmoney","categories":["homebuying","homeownership","pfi-average","personal-finance-insider","pfi-reference","pfi-average-cost","pfi-storytelling","pfi-reviews","pfi-featured-products","pfi-reference-report"],"components":["collapsable-faq","post-author"],"embeds":[],"shortcodes":["table-of-contents-sticky",null,"table-of-contents"]},"isEmbed":false,"embedConfig":{},"proxyUrl":"https://www.businessinsider.com/","datadogProxyUrl":"https://www.businessinsider.com//ajax/dd","capiVer":1,"subscribeEnabled":true,"name":"Business Insider","domain":"businessinsider","twitter":"businessinsider","x":"businessinsider","linkedIn":"businessinsider","youtube":"@BusinessInsider","instagram":"businessinsider","resourceName":"bi","identifier":"bi","targetingName":"business-insider","adUnitSite":"businessinsider","assetsPath":"BI","s3Directory":"us","searchIdentifier":"businessinsider.com","color":"#fff","gaId":"UA-2241657-6","ampGtmId":"GTM-MVJQ7ZG","ampGaId":"UA-2241657-6","fbContentId":"20446254070","appleItunesAppId":"554260576","description":"Business Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know.","verticalLabelMapping":{"bi intelligence":"Business Insider Intelligence","bi news":"News","tech insider":"Tech","wuhan coronavirus":"coronavirus","beauty (reviews)":"Beauty","deals (reviews)":"Deals","tickets (reviews)":"Tickets","education (reviews)":"Education","tech (reviews)":"Tech","fitness (reviews)":"Fitness","gifts (reviews)":"Gifts","health (reviews)":"Health","home (reviews)":"Home","kitchen (reviews)":"Kitchen","outdoors (reviews)":"Outdoors","parenting (reviews)":"Parenting","pets (reviews)":"Pets","streaming (reviews)":"Streaming","style (reviews)":"Style","travel (reviews)":"Travel","learning (reviews)":"Learning","hobbies & crafts (reviews)":"Hobbies & Crafts","diet & nutrition (reference)":"Diet & Nutrition","investing (reference)":"Investing","economics & markets (reference)":"Economics & Markets","investment assets (reference)":"Investment Assets","investment accounts (reference)":"Investment Accounts","investing strategies (reference)":"Investing Strategies","professionals & advisors (reference)":"Professionals & Advisors","laptops & tablets (reference)":"Laptops & Tablets","gadgets (reference)":"Gadgets","gaming (reference)":"Gaming","smart home (reference)":"Smart Home","smartphones (reference)":"Smartphones","software & apps (reference)":"Software & Apps","streaming (reference)":"Streaming"},"partials":{"footer-brand-logos":"footer-brand-logos"},"rubicon":{"siteId":"240980","mobileStickyLower":"1188648-320x50","mobileInPost":"1684838-300x250"},"dynamicEnabled":true,"socialLinks":{"facebook":"https://www.facebook.com/businessinsider","x":"https://x.com/businessinsider","instagram":"https://www.instagram.com/businessinsider/","youTube":"https://www.youtube.com/user/businessinsider","linkedIn":"https://www.linkedin.com/company/businessinsider/"},"masthead":{"searchLink":"https://www.businessinsider.com/s","subscribeButtonLink":"https://www.businessinsider.com/subscription"},"crossDomainAuth":{"mi":"https://markets.businessinsider.com"},"subdomain":"www","bylineNoShows":["insider","business insider","business insider uk"],"components":{"ai-search":{},"back-to-home":{"display":{"postPage":true,"showPage":true},"content":{"default":{"link":"/","text":"Home"},"video":{"link":"https://www.businessinsider.com/video"}}},"live-updates":"","my-insider":"","share":{"byline":{"shareOptions":["facebook","email","x","linkedin","copylink","impact"]}},"subscription-corporate/seats-card":{"api":{"domain":"https://membership-api.businessinsider.com","apiKey":"OGU5ZWUyZWUtNjM2ZS00OTdiLWI0OTUtYTliOGIzMjQ1ODA2"},"plan":"3fe932aa-1d63-45d6-9e84-8ba2f1aaea21"},"vendor-taboola":{"taboolaLoader":"//cdn.taboola.com/libtrc/businessinsider/loader.js","postBottom":{"desktop":{"id":"taboola-below-main-column","mode":"thumbs-1r","placement":"below-main-column","targetType":"mix","onlyOn":"desktop"},"mobile":{"id":"taboola-below-article","mode":"thumbs-2r-mobile","placement":"Below Article Thumbnails Mobile","targetType":"mix","onlyOn":"mobile"}},"referenceLibraryPostBottom":{"desktop":{"id":"taboola-below-article-thumbnails---reference-page","mode":"thumbs-1r","placement":"Below Article Thumbnails - Reference Page","targetType":"mix","onlyOn":"desktop"},"mobile":{"id":"taboola-below-article-thumbnails---reference-page---mobile","mode":"thumbs-2r-mobile","placement":"Below Article Thumbnails - Reference Page - Mobile","targetType":"mix","onlyOn":"mobile"}},"migratedPostBottom":{"desktop":{"id":"taboola-below-article-thumbnails---insider","mode":"thumbs-feed-01-new","placement":"Below Article Thumbnails - Insider","targetType":"mix","onlyOn":"desktop"},"mobile":{"id":"taboola-below-article-thumbnails-mobile---insider","mode":"thumbs-feed-01-new","placement":"Below Article Thumbnails Mobile - Insider","targetType":"mix","onlyOn":"mobile"}}}},"componentsToLoad":{},"adsTxtDir":"/us/ads.txt","appAdsTxtDir":"/us/app-ads.txt","shareButtons":{"topBarShareButtons":["x","linkedin","facebook","email","copylink"],"videoShareButtons":{"dropdownButtons":["x","linkedin","copylink"],"buttons":["facebook","email"]},"slideShareButtons":{"dropdownButtons":["x","linkedin","facebook","email","copylink"]}},"rubiconAmp":{"amp":{"business":{"siteId":"240980","stickyLower":"1188648-320x50","inPost":"1684838-300x250"},"life":{"siteId":"332812","stickyLower":"1745222-320x50","inPost":"1745220-300x250"},"news":{"siteId":"332810","stickyLower":"1745218-320x50","inPost":"1745216-300x250"},"default":{"siteId":"240982","stickyLower":"1188650-320x50","inPost":"1684840-300x250"}}},"zendesk":{"chatKey":"76a7a72c-2c9b-455e-b822-8cb01a97e60d"},"trackingAnalyticName":"Live Election Feed","notificationBanner":{"type":"","data":{"copyTitle":"","copy":"","cta":""},"defaultState":"active","maxViews":false,"defaultClass":"d-md-none active","disallowInApp":true,"gaEvent":"","gaEventCategory":""},"topNotice":{"targetBrowsers":["MSIE","Trident"],"targetCategories":["pfi-tpg"],"data":{"copy":"Hmm...It looks like you’re using an outdated or unsupported browser that may not render correctly. For the best experience, we recommend using the latest version of Google Chrome, Safari, Microsoft Edge, or Firefox"}},"bifrost":{"production":"https://bifrost-bfp.pages.dev","development":"https://staging.bifrost-bfp.pages.dev"},"sharedRecaptcha":{"V2SiteKey":"6Lc34KYZAAAAALr41Qa1RN3K06SrpQTbrN2_WTdh","V2SiteKeyInvisible":"6LeGf2QhAAAAABuMypNcSm7aU69j1kGyUPzEF2L0"},"gtmIdGA4":"GTM-MP6F46L","jwPlayer":{"hero":"puACk8ZV","nowWatch":"P0a1LFN5","inPost":"rpoASVKQ","playlist":"Vtl6VSDD","featuredVideo":"JoOudDws"},"recommendationsPlaylist":{"ins":"TXrojpv3","bi":"4yvN3aI1"},"errorSearch":{"action":"/s","name":"q"},"editions":[{"country":"Deutschland & Österreich","url":"https://www.businessinsider.de?IR=C","abbr":"AT"},{"country":"Deutschland","url":"https://businessinsider.de?IR=C","abbr":"DE","footerOnly":true},{"country":"España","url":"https://businessinsider.es","abbr":"ES"},{"country":"India","url":"https://www.businessinsider.in","abbr":"IN"},{"country":"Japan","url":"https://www.businessinsider.jp","abbr":"JP"},{"country":"Netherlands","url":"https://www.businessinsider.nl?IR=C","abbr":"NL"},{"country":"Polska","url":"https://www.businessinsider.com.pl/?IR=C","abbr":"PL"}],"validDomains":["insider.com","businessinsider.com","insider.engineering","forseti.pages.dev","my.businessinsider.com","localhost"],"formSubmit":{"corporateLanding":{"sender":"support@businessinsider.com","receivers":["group-subscriptions@businessinsider.com"],"subject":"Group Subscriptions - Over 60 Seats"}},"doubleVerifyCodes":{"dvClientCode":"23280644","dvSettingsCode":"DV673672"},"appsFlyer":{"oneLink":"https://insider-app.onelink.me/4cpG"},"consentManagementSourcepoint":{"euPrivacyManagerModalId":"1165664","usPrivacyManagerModalId":"1112289"}},"id":"personal-finance/mortgages/average-mortgage-payment","meta":{"biContextualAnalysis":{"emotionalAnalysis":{"model":"gpt-4-turbo-preview","predictions":{"amusement":{"parsed":0,"raw":"0"},"critical_thinking":{"parsed":0.8,"raw":"0.8"},"empathy":{"parsed":0,"raw":"0"},"enjoyment":{"parsed":0,"raw":"0"},"fear":{"parsed":0,"raw":"0"},"forward_thinking":{"parsed":0.8,"raw":"0.8"},"inspiration":{"parsed":0.1,"raw":"0.1"},"love":{"parsed":0,"raw":"0"},"optimism":{"parsed":0.1,"raw":"0.1"}},"version":1}},"created":"2024-07-20T19:34:41.48Z","createdBy":"Jeremy Zafiros","disableAffiliatizer":false,"disableAutolinker":false,"disableInlineAds":false,"disablePfiShortcodes":false,"disablePopularVideo":true,"disableSidebar":false,"disableSimpleReach":true,"disableTaboola":false,"editor":"Sarah Silbert","hidden":false,"inMigrated":false,"vikingID":"669c1139c79d31931d7ec70f","isMobileAppShell":false,"isSponsored":false,"isBii":false,"isOpinion":false,"isReviews":false,"isHelpfulness":true,"hasReferenceVertical":false,"isReferenceSubVertical":false,"isBreaking":false,"isLive":false,"isExclusive":false,"isPersonalFinance":true,"permutive":{"post":{"page":{"type":"story","article":{"author":"Molly Grace, Aly J. Yale","description":"Learn about the factors influencing the average mortgage payment and how it varies across different regions.","section":"yourmoney","date":"2024-08-26T21:41:00Z","keywords":["homebuying","homeownership","pfi-average","personal-finance-insider","pfi-reference","pfi-average-cost","pfi-storytelling","pfi-reviews","pfi-featured-products","pfi-reference-report"],"title":"What is the Average Mortgage Payment?","ca":{"taxonomy":[],"taxonomyBreakdown":[],"taxonomyIds":[],"keywords":[],"events":[],"threats":[],"sentiment":[]}}}}},"pressboard":false,"isEditSeries":false,"isCustomPage":false,"isMarketsInsiderExclusive":false,"isMarketsInsiderSyndicated":false,"disablePrimis":false,"socialReferrer":null,"breadcrumbs":[{"label":"Personal Finance","link":"https://www.businessinsider.com/personal-finance","isPrefix":false,"subClass":""},{"label":"Mortgages","link":"https://www.businessinsider.com/personal-finance/mortgages","isPrefix":false,"subClass":""}],"postPromo":{},"newsKeywords":"Personal Finance, Loans, Mortgages","affilimateKeywords":"Loans, Mortgages","filteredReactions":["critical_thinking","forward_thinking"],"hasAmpPage":false,"isAdsFree":true,"robots":"max-image-preview:large","shouldShowContent":true,"containsSummaryBullets":true,"faqItems":[{"question":"What is the average mortgage payment in the U.S.?","answer":"<p class=\"faq-answer\">The average mortgage payment in the U.S. varies but is currently around $2,700 per month nationally.</p>"},{"question":"How do interest rates affect mortgage payments?","answer":"<p class=\"faq-answer\">Higher interest rates increase monthly payments, while lower rates reduce them.</p>"},{"question":"What other costs are included in a mortgage payment?","answer":"<p class=\"faq-answer\">Besides principal and interest, payments often include property taxes, homeowners insurance, and PMI.</p>"},{"question":"Can I lower my mortgage payment?","answer":"<p class=\"faq-answer\">Yes, options include refinancing, extending the loan term, or making a larger down payment.</p>"}],"showRecirc":false,"paywall":{"isExempt":true}},"path":"/personal-finance/mortgages/average-mortgage-payment","attributes":{"amazonTrackingID":"bi-auto-71279-20","categories":["homebuying","Homeownership","PFI average","Personal Finance Insider","PFI Reference","pfi average cost","PFI Storytelling","PFI Reviews","PFI Featured Products","PFI Reference Report"]},"relationships":{"authors":{"data":[{"type":"author","id":"molly-grace","attributes":{"company":"Business Insider","email":"","label":"Molly Grace","title":"Mortgage Reporter"},"relationships":{"image":{"data":{"type":"image","id":"621fc89f75b649001845be8a","attributes":{"caption":"","contentType":"image/jpeg","height":3088,"source":"Molly Grace","width":2316},"links":{"self":"https://i.insider.com/621fc89f75b649001845be8a"}}}},"links":{"self":"https://content-api-cache-internal.insider-prd.engineering/v1/bi/authors/molly-grace","site":"https://www.businessinsider.com/author/molly-grace"}},{"type":"author","id":"aly-yale","attributes":{"company":"","email":"","label":"Aly J. Yale","title":""},"relationships":{"image":{"data":{"type":"image","id":"61096c6d372268001a596aec","attributes":{"caption":"","contentType":"image/jpeg","height":4032,"source":"Aly J. Yale","width":3024},"links":{"self":"https://i.insider.com/61096c6d372268001a596aec"}}}},"links":{"self":"https://content-api-cache-internal.insider-prd.engineering/v1/bi/authors/aly-yale","site":"https://www.businessinsider.com/author/aly-yale","twitter":{"href":"https://twitter.com/AlyJwriter","meta":{"username":"AlyJwriter"}}}}]},"categories":{"data":[{"type":"category","id":"homebuying","attributes":{"label":"homebuying"},"links":{"site":"https://www.businessinsider.com/category/homebuying"},"isIndexable":false},{"type":"category","id":"homeownership","attributes":{"label":"Homeownership"},"links":{"site":"https://www.businessinsider.com/category/homeownership"},"isIndexable":false},{"type":"category","id":"pfi-average","attributes":{"label":"PFI average"},"links":{"site":"https://www.businessinsider.com/category/pfi-average"},"isIndexable":false},{"type":"category","id":"personal-finance-insider","attributes":{"label":"Personal Finance Insider"},"links":{"site":"https://www.businessinsider.com/category/personal-finance-insider"},"isIndexable":false},{"type":"category","id":"pfi-reference","attributes":{"label":"PFI Reference"},"links":{"site":"https://www.businessinsider.com/category/pfi-reference"},"isIndexable":false},{"type":"category","id":"pfi-average-cost","attributes":{"label":"pfi average cost"},"links":{"site":"https://www.businessinsider.com/category/pfi-average-cost"},"isIndexable":false},{"type":"category","id":"pfi-storytelling","attributes":{"label":"PFI Storytelling"},"links":{"site":"https://www.businessinsider.com/category/pfi-storytelling"},"isIndexable":false},{"type":"category","id":"pfi-reviews","attributes":{"label":"PFI Reviews"},"links":{"site":"https://www.businessinsider.com/category/pfi-reviews"},"isIndexable":false},{"type":"category","id":"pfi-featured-products","attributes":{"label":"PFI Featured Products"},"links":{"site":"https://www.businessinsider.com/category/pfi-featured-products"},"isIndexable":false},{"type":"category","id":"pfi-reference-report","attributes":{"label":"PFI Reference Report"},"links":{"site":"https://www.businessinsider.com/category/pfi-reference-report"},"isIndexable":false}]},"verticals":{"data":[{"type":"vertical","id":"yourmoney","attributes":{"created":"2011-09-08T00:00:00Z","label":"Personal Finance","modified":"2024-01-02T18:09:41Z"},"links":{"facebook":{"href":"https://www.facebook.com/businessinsider.yourmoney","meta":{"username":"businessinsider.yourmoney"}},"posts":"https://content-api-cache-internal.insider-prd.engineering/v1/bi/verticals/yourmoney/posts","self":"https://content-api-cache-internal.insider-prd.engineering/v1/bi/verticals/yourmoney","site":"https://www.businessinsider.com/yourmoney","twitter":{"href":"https://www.twitter.com/BI_Strategy","meta":{"username":"BI_Strategy"}}}},{"type":"vertical","id":"pfi-loans","attributes":{"created":"2020-10-14T12:56:21Z","label":"Loans","modified":"2021-06-16T14:54:28Z"},"links":{"posts":"https://content-api-cache-internal.insider-prd.engineering/v1/bi/verticals/pfi-loans/posts","self":"https://content-api-cache-internal.insider-prd.engineering/v1/bi/verticals/pfi-loans","site":"https://www.businessinsider.com/pfi-loans"}},{"type":"vertical","id":"pfi-mortgages","attributes":{"created":"2019-10-30T19:43:45Z","label":"Mortgages","modified":"2021-06-16T14:54:02Z"},"links":{"posts":"https://content-api-cache-internal.insider-prd.engineering/v1/bi/verticals/pfi-mortgages/posts","self":"https://content-api-cache-internal.insider-prd.engineering/v1/bi/verticals/pfi-mortgages","site":"https://www.businessinsider.com/pfi-mortgages"}}]},"relatedVideos":{"data":[{"type":"video","id":"sc/just-the-facts-us-budget-steve-ballmer-talks-through-the-numbers","attributes":{"flags":{"isOriginal":true,"showPreRoll":false,"showRecommendations":false},"published":"2024-08-15T16:27:56Z","title":"Just the Facts – US budget: Steve Ballmer talks through the numbers"},"relationships":{"authors":{"data":[{"type":"author","id":"sponsor-post","attributes":{"company":"The Business Insider","email":"","label":"Sponsor Post","title":"sponsor"},"relationships":{"image":{"data":{"type":"image"}}},"links":{"self":"https://content-api-cache-internal.insider-prd.engineering/v1/bi/authors/sponsor-post","site":"https://www.businessinsider.com/author/sponsor-post"}}]},"thumbnail":{"data":null}},"links":{},"meta":{"_id":"66b5079f181ab80ed6471922","jwplayer":{"assetID":"lHBFkFAK"}},"rid":7948700954}]}},"subType":"story","superVertical":"business","type":"post","continentCode":"AS","deviceType":"desktop","isBot":false,"privacyApi":"NONE","env":"production"} || {"config": {}}; window.Fenrir.cmd = window.Fenrir.cmd || []; </script> <script> LUX=function(){var e="undefined"!=typeof LUX&&void 0!==LUX.gaMarks?LUX.gaMarks:[],n="undefined"!=typeof LUX&&void 0!==LUX.gaMeasures?LUX.gaMeasures:[],t="LUX_start",r=window.performance,a="undefined"!=typeof LUX&&LUX.ns?LUX.ns:Date.now?Date.now():+new Date;function u(){if(r){if(r.now)return r.now();if(r.webkitNow)return r.now();if(r.msNow)return r.now();if(r.mozNow)return r.now()}return(Date.now?Date.now():+new Date)-a}function o(n){return function(e,n){for(i=n.length-1;i>=0;i--){var t=n[i];if(e===t.name)return t}return}(n,function(){if(r){if(r.getEntriesByType)return r.getEntriesByType("mark");if(r.webkitGetEntriesByType)return r.webkitGetEntriesByType("mark")}return e}())}return r&&r.timing&&r.timing.navigationStart&&(a=r.timing.navigationStart),{mark:function(n){if(r){if(r.mark)return r.mark(n);if(r.webkitMark)return r.webkitMark(n)}e.push({name:n,entryType:"mark",startTime:u(),duration:0})},measure:function(e,i,a){if(void 0===i&&o(t)&&(i=t),r){if(r.measure)return i?a?r.measure(e,i,a):r.measure(e,i):r.measure(e);if(r.webkitMeasure)return r.webkitMeasure(e,i,a)}var f=0,s=u();if(i){var m=o(i);if(m)f=m.startTime;else{if(!(r&&r.timing&&r.timing[i]))return;f=r.timing[i]-r.timing.navigationStart}}if(a){var w=o(a);if(w)s=w.startTime;else{if(!(r&&r.timing&&r.timing[a]))return;s=r.timing[a]-r.timing.navigationStart}}n.push({name:e,entryType:"measure",startTime:f,duration:s-f})},gaMarks:e,gaMeasures:n}}(),LUX.ns=Date.now?Date.now():+new Date,LUX.ac=[],LUX.cmd=function(e){LUX.ac.push(e)},LUX.init=function(){LUX.cmd(["init"])},LUX.send=function(){LUX.cmd(["send"])},LUX.addData=function(e,n){LUX.cmd(["addData",e,n])}; LUX.label="story"; // PageType: homepage, story, slideshow, video, hubpage, etc. LUX.minMeasureTime = 7000; LUX.maxMeasureTime = 30000;LUX.sendBeaconOnPageHidden = true; // Set this to true when not in auto fire mode LUX.auto = false; // We will manually fire once GDPR scripts have loaded (consent-handler.js) // Custom Dimensions LUX.addData('siteName', 'Business Insider'); LUX.addData('primaryVertical', 'yourmoney'); LUX.addData('secondaryVerticals', 'pfi-loans,pfi-mortgages'); LUX.addData('categories', 'homebuying,Homeownership,PFI average,Personal Finance Insider,PFI Reference,pfi average cost,PFI Storytelling,PFI Reviews,PFI Featured Products,PFI Reference Report'); LUX.addData('continentCode', 'AS'); LUX.addData('premium', '[object Object]'); // We can't call LUX.forceSample until the API is on the page window.Fenrir.sampleSpeedcurve = function sampleSpeedcurve() { if (window.LUX?.forceSample && window.Fenrir?.config?.featureFlags?.forceSpeedcurveSample) { window.LUX.forceSample(); } } </script> <script async src="https://cdn.speedcurve.com/js/lux.js?id=38383524" onload="window.Fenrir.sampleSpeedcurve()" ></script> <script> (function(){ var toFirstRequest = 'Inline Scripts Init - Start'; var toAdLibrary = 'Inline Scripts Ad Library Loaded - Start'; function createMark(markName) { var perfMarks = window.performance; var lux = window.LUX; if (perfMarks && perfMarks.clearMarks && perfMarks.mark) { perfMarks.clearMarks(markName); perfMarks.mark(markName); } else if (lux && lux.mark) { lux.mark(markName); } } createMark(toFirstRequest); createMark(toAdLibrary); })() </script> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "load", script: "%3Cscript%20data-consent%3D%22ANALYTICS%22%20async%3D%22%22src%3D%22https%3A%2F%2Fcdn.confiant-integrations.net%2Fcdnm50QDU6s2lq_RrjTCOPkh-uY%2Fgpt_and_prebid%2Fconfig.js%22%3E%3C%2Fscript%3E" });</script>  <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "load", script: "%3Cscript%3E%0A%20%20%20%20!function(e%2Co%2Cn%2Ci)%7Bif(!e)%7Be%3De%7C%7C%7B%7D%2Cwindow.permutive%3De%2Ce.q%3D%5B%5D%3Bvar%20t%3Dfunction()%7Breturn(%5B1e7%5D%2B-1e3%2B-4e3%2B-8e3%2B-1e11).replace(%2F%5B018%5D%2Fg%2Cfunction(e)%7Breturn(e%5E(window.crypto%7C%7Cwindow.msCrypto).getRandomValues(new%20Uint8Array(1))%5B0%5D%2615%3E%3Ee%2F4).toString(16)%7D)%7D%3Be.config%3Di%7C%7C%7B%7D%2Ce.config.apiKey%3Do%2Ce.config.workspaceId%3Dn%2Ce.config.environment%3De.config.environment%7C%7C%22production%22%2C(window.crypto%7C%7Cwindow.msCrypto)%26%26(e.config.viewId%3Dt())%3Bfor(var%20g%3D%5B%22addon%22%2C%22identify%22%2C%22track%22%2C%22trigger%22%2C%22query%22%2C%22segment%22%2C%22segments%22%2C%22ready%22%2C%22on%22%2C%22once%22%2C%22user%22%2C%22consent%22%5D%2Cr%3D0%3Br%3Cg.length%3Br%2B%2B)%7Bvar%20w%3Dg%5Br%5D%3Be%5Bw%5D%3Dfunction(o)%7Breturn%20function()%7Bvar%20n%3DArray.prototype.slice.call(arguments%2C0)%3Be.q.push(%7BfunctionName%3Ao%2Carguments%3An%7D)%7D%7D(w)%7D%7D%7D(window.permutive%2C%226f1150a7-e587-49c6-b439-a4b7ee68a5a7%22%2C%223aba5292-ba75-422b-8715-bd21146f7836%22%2C%7B%22apiHost%22%3A%20%22permutive.businessinsider.com%22%2C%20%22consentRequired%22%3A%20true%7D)%3B%0A%20%20%20%20window.googletag%3Dwindow.googletag%7C%7C%7B%7D%2Cwindow.googletag.cmd%3Dwindow.googletag.cmd%7C%7C%5B%5D%2Cwindow.googletag.cmd.push(function%20permutiveCmd()%7Bif(0%3D%3D%3Dwindow.googletag.pubads().getTargeting(%22permutive%22).length)%7Bvar%20e%3Dwindow.localStorage.getItem(%22_pdfps%22)%3Bwindow.googletag.pubads().setTargeting(%22permutive%22%2Ce%3FJSON.parse(e)%3A%5B%5D)%3Bvar%20o%3Dwindow.localStorage.getItem(%22permutive-id%22)%3Bo%26%26(window.googletag.pubads().setTargeting(%22puid%22%2Co)%2Cwindow.googletag.pubads().setTargeting(%22ptime%22%2CDate.now().toString()))%2Cwindow.permutive.config.viewId%26%26window.googletag.pubads().setTargeting(%22prmtvvid%22%2Cwindow.permutive.config.viewId)%2Cwindow.permutive.config.workspaceId%26%26window.googletag.pubads().setTargeting(%22prmtvwid%22%2Cwindow.permutive.config.workspaceId)%7D%7D)%3B%0A%20%20%20%20%3C!--%20permutive%20script%20for%20post%20page%20--%3E%0A%20%20%20%20window.permutive.stopMapper%20%3D%20true%3B%0A%20%20%20%20window.permutive.addon(%22web%22%2C%20%7B%22page%22%3A%7B%22type%22%3A%22story%22%2C%22article%22%3A%7B%22author%22%3A%22Molly%20Grace%2C%20Aly%20J.%20Yale%22%2C%22description%22%3A%22Learn%20about%20the%20factors%20influencing%20the%20average%20mortgage%20payment%20and%20how%20it%20varies%20across%20different%20regions.%22%2C%22section%22%3A%22yourmoney%22%2C%22date%22%3A%222024-08-26T21%3A41%3A00Z%22%2C%22keywords%22%3A%5B%22homebuying%22%2C%22homeownership%22%2C%22pfi-average%22%2C%22personal-finance-insider%22%2C%22pfi-reference%22%2C%22pfi-average-cost%22%2C%22pfi-storytelling%22%2C%22pfi-reviews%22%2C%22pfi-featured-products%22%2C%22pfi-reference-report%22%5D%2C%22title%22%3A%22What%20is%20the%20Average%20Mortgage%20Payment%3F%22%2C%22ca%22%3A%7B%22taxonomy%22%3A%5B%5D%2C%22taxonomyBreakdown%22%3A%5B%5D%2C%22taxonomyIds%22%3A%5B%5D%2C%22keywords%22%3A%5B%5D%2C%22events%22%3A%5B%5D%2C%22threats%22%3A%5B%5D%2C%22sentiment%22%3A%5B%5D%7D%7D%7D%7D)%3B%0A%20%20%3C%2Fscript%3E" });</script> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "load", script: "%3Cscript%20data-consent%3D%22MARKETING%22%20data-request-consent%3D%22permutive%22%20async%20src%3D%22https%3A%2F%2Fbusinessinsider.edge.permutive.app%2F3aba5292-ba75-422b-8715-bd21146f7836-web.js%22%3E%3C%2Fscript%3E" });</script>  <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "load", script: "%3Cscript%3E%0A%20%20(function()%7B%0A%20%20%20%20var%20cookies%20%3D%20document.cookie.split('%3B').reduce(function(acc%2C%20val)%20%7B%0A%20%20%20%20%20%20var%20p%20%3D%20val.trim().split('%3D')%3B%0A%20%20%20%20%20%20acc%5Bp%5B0%5D%5D%20%3D%20p%5B1%5D%3B%0A%20%20%20%20%20%20return%20acc%3B%0A%20%20%20%20%7D%2C%20%7B%7D)%3B%0A%20%20%0A%20%20%20%20var%20identify%20%3D%20%5B%5D%2C%20iId%2C%20aId%3B%0A%20%20%20%20if%20(iId%20%3D%20cookies%5B'insider_uid'%5D)%20identify.push(%7B%22id%22%3A%20iId%2C%20%22tag%22%3A%20%22insider_uid%22%2C%20%22priority%22%3A1%7D)%3B%0A%20%20%20%20if%20(aId%20%3D%20cookies%5B'anonymous_id'%5D)%20identify.push(%7B%22id%22%3A%20aId%2C%20%22tag%22%3A%20%22anonymous_id%22%2C%20%22priority%22%3A2%7D)%3B%0A%20%20%20%20if%20(uId%20%3D%20cookies%5B'universal_id'%5D)%20identify.push(%7B%22id%22%3A%20uId%2C%20%22tag%22%3A%20%22universal_id%22%2C%20%22priority%22%3A2%7D)%3B%0A%20%20%20%20if%20(identify.length)%20window.permutive.identify(identify)%3B%0A%20%20%7D)()%0A%20%20%3C%2Fscript%3E" });</script> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "load", script: "%3Cscript%20async%20data-consent%3D%22MARKETING%22%20src%3D%22https%3A%2F%2Fpub.doubleverify.com%2Fdvtag%2F23280644%2FDV673672%2Fpub.js%22%3E%3C%2Fscript%3E" });</script> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "load", script: "%3Cscript%20data-consent%3D%22MARKETING%22%3E%0A%20%20%20%20!function(e%2Ct%2Cc%2Cn%2Co%2Ca%2Cm)%7Be._bmb%7C%7C(o%3De._bmb%3Dfunction()%7Bo.x%3Fo.x.apply(o%2Carguments)%3Ao.q.push(arguments)%7D%2Co.q%3D%5B%5D%2Ca%3Dt.createElement(c)%2Ca.async%3Dtrue%2Ca.src%3D%22https%3A%2F%2Fvi.ml314.com%2Fget%3Feid%3D50096%26tk%3D8PHo1fmxaUWZY0JmljRcRGcCzjCy4DKbPX5sP2fZNL483d%26fp%3D%22%2B(e.localStorage%26%26e.localStorage.getItem(n)%7C%7C%22%22)%2Cm%3Dt.getElementsByTagName(c)%5B0%5D%2Cm.parentNode.insertBefore(a%2Cm))%7D(window%2Cdocument%2C%22script%22%2C%22_ccmaid%22)%3B%0A%20%20%20%20window.googletag%20%3D%20window.googletag%20%7C%7C%20%7Bcmd%3A%20%5B%5D%7D%3B%0A%20%20%20%20googletag.cmd.push(function()%7B%0A%20%20%20%20%20%20_bmb('vi'%2C%20function(data)%7B%0A%20%20%20%20%20%20%20%20if%20(data%20!%3D%20null)%20%7B%0A%20%20%20%20%20%20%20%20%20%20var%20tmpSegment%20%3D%20%5B%0A%20%20%20%20%20%20%20%20%20%20%20%20data.industry_id%2C%0A%20%20%20%20%20%20%20%20%20%20%20%20data.revenue_id%2C%0A%20%20%20%20%20%20%20%20%20%20%20%20data.size_id%2C%0A%20%20%20%20%20%20%20%20%20%20%20%20data.functional_area_id%2C%0A%20%20%20%20%20%20%20%20%20%20%20%20data.professional_group_id%2C%0A%20%20%20%20%20%20%20%20%20%20%20%20data.seniority_id%2C%0A%20%20%20%20%20%20%20%20%20%20%20%20data.decision_maker_id%2C%0A%20%20%20%20%20%20%20%20%20%20%20%20data.install_data_id%2C%0A%20%20%20%20%20%20%20%20%20%20%20%20data.topic_id%2C%0A%20%20%20%20%20%20%20%20%20%20%20%20data.interest_group_id%2C%0A%20%20%20%20%20%20%20%20%20%20%20%20data.segment%2C%0A%20%20%20%20%20%20%20%20%20%20%20%20data.b2b_interest_cluster_id%0A%20%20%20%20%20%20%20%20%20%20%20%20%5D.filter(Boolean).join('%2C')%3B%0A%20%20%20%20%20%20%20%20%20%20tmpSegment%20!%3D%20''%20%26%26%20googletag.pubads().setTargeting(%22bmb%22%2CtmpSegment.split('%2C'))%3B%0A%20%20%20%20%20%20%20%20%7D%0A%20%20%20%20%20%20%7D)%3B%0A%20%20%20%20%7D)%3B%0A%20%20%3C%2Fscript%3E" });</script> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "load", script: "%3Cscript%20data-consent%3D%22MARKETING%22%3E%0A%20%20%20%20(function%20(w%2Cd%2Ct)%20%7B%0A%20%20%20%20%20%20_ml%20%3D%20w._ml%20%7C%7C%20%7B%7D%3B%0A%20%20%20%20%20%20_ml.eid%20%3D%20'50096'%3B%0A%20%20%20%20%20%20var%20s%2C%20cd%2C%20tag%3B%20s%20%3D%20d.getElementsByTagName(t)%5B0%5D%3B%20cd%20%3D%20new%20Date()%3B%0A%20%20%20%20%20%20tag%20%3D%20d.createElement(t)%3B%20tag.async%20%3D%201%3B%0A%20%20%20%20%20%20tag.src%20%3D%20'https%3A%2F%2Fml314.com%2Ftag.aspx%3F'%20%2B%20cd.getDate()%20%2B%20cd.getMonth()%3B%0A%20%20%20%20%20%20s.parentNode.insertBefore(tag%2C%20s)%3B%0A%20%20%20%20%7D)(window%2Cdocument%2C'script')%3B%0A%20%20%20%3C%2Fscript%3E" });</script> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "load", script: "%3Cscript%20id%3D%22assertive-yield-script%22%3E(()%3D%3E%7Bvar%20t%3D%7B47799%3A()%3D%3E%7Bwindow.assertive%3D%7Bdebug%3A!1%2CentityId%3A%22fJmQdGkAoGpJ6mei2%22%2Canalytics%3A%7Bintegrations%3A%7BwebAnalytics%3A!0%7D%2ClogUnfilled%3A!0%2Ccustom%3A%7Blayout%3Anull%2CuserState%3Anull%2Ccustom_1%3Anull%2Ccustom_2%3Anull%2Ccustom_3%3Anull%2Ccustom_4%3Anull%2Ccustom_5%3Anull%2Ccustom_6%3Anull%2Ccustom_7%3Anull%2Ccustom_8%3Anull%2Ccustom_9%3Anull%2Ccustom_10%3Anull%2Ccustom_11%3Anull%2Ccustom_12%3Anull%2Ccustom_13%3Anull%2Ccustom_14%3Anull%2Ccustom_15%3Anull%7D%7D%7D%3Bconst%20t%3Ddocument.createElement(%22script%22)%3Bt.async%3D!0%2Ct.src%3D%22https%3A%2F%2Ffjmqdgkaogpj6mei2.ay.delivery%2Ftest%2Fclient-businessinsider.js%22%2Cdocument.getElementsByTagName(%22head%22)%5B0%5D.appendChild(t)%7D%7D%2Cl%3D%7B%7D%3Bfunction%20u(e)%7Bvar%20n%3Dl%5Be%5D%3Bif(void%200!%3D%3Dn)return%20n.exports%3Bvar%20s%3Dl%5Be%5D%3D%7Bexports%3A%7B%7D%7D%3Breturn%20t%5Be%5D(s%2Cs.exports%2Cu)%2Cs.exports%7Du.m%3Dt%2Cu.c%3Dl%2Cu.o%3D(t%2Cl)%3D%3EObject.prototype.hasOwnProperty.call(t%2Cl)%2C(()%3D%3E%7Bu.S%3D%7B%7D%3Bvar%20t%3D%7B%7D%2Cl%3D%7B%7D%3Bu.I%3D(e%2Cn)%3D%3E%7Bn%7C%7C(n%3D%5B%5D)%3Bvar%20s%3Dl%5Be%5D%3Bif(s%7C%7C(s%3Dl%5Be%5D%3D%7B%7D)%2C!(n.indexOf(s)%3E%3D0))%7Bif(n.push(s)%2Ct%5Be%5D)return%20t%5Be%5D%3Bu.o(u.S%2Ce)%7C%7C(u.S%5Be%5D%3D%7B%7D)%3Bu.S%5Be%5D%3Bvar%20o%3D%5B%5D%3Breturn%20o.length%3Ft%5Be%5D%3DPromise.all(o).then((()%3D%3Et%5Be%5D%3D1))%3At%5Be%5D%3D1%7D%7D%7D)()%3Bu(47799)%7D)()%3B%3C%2Fscript%3E" });</script> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "load", script: "%3Cscript%20id%3D%22sophi-script%22%3E(()%3D%3E%7Bvar%20e%3D%7B80254%3A()%3D%3E%7Bconst%20e%3Ddocument.querySelector('%5Bdata-component-type%3D%22paywall%22%5D')%2Cn%3D%7Btype%3A%22paywall%22%2Ccontainers%3A%5Be%5D%2CloadMarkup%3A%22paywall%2Ftemplate%22%7D%3Bfunction%20o()%7Breturn%20window.Fenrir.relationships.verticals%3F.data%5B0%5D%3F.id%7C%7C%22no-vertical%22%7Dfunction%20i()%7Breturn%20new%20URL(window.location.href).pathname.slice(1)%7Dwindow.Fenrir.console.log(%7Bnow%3Awindow.Fenrir.getTime()%2Cstep%3A%22sophi%20handlebars%20script%22%7D)%3Bconst%20r%3Ddocument.createElement(%22script%22)%3Br.onload%3Dfunction()%7Bwindow.Fenrir.console.log(%22Sophi%20SDK%20successfully%20loaded%22)%2Cwindow.Fenrir.cmd.push((()%3D%3E%7Bconst%20r%3D%22production%22%3D%3D%3Dwindow.Fenrir%3F.config%3F.fenrirEnv%3F%22www.businessinsider.com%22%3A%22www.sophi.io%22%3Bwindow.sophi.paywall.init(%7Bhostname%3Ar%2CgetSection%3Ao%2CgetContentId%3Ai%7D)%2C%22post%22%3D%3D%3Dwindow.Fenrir.type%26%26e%26%26window.Fenrir.loadComponent(n)%2Cwindow.sophi.paywall.getVisitInformation().then((e%3D%3E%7Bdelete%20e.timeZone%3Bconst%20n%3DObject.assign(%7Bevent%3A%22sophi_visit%22%7D%2Ce)%3Bwindow.dataLayer.push(n)%7D)).catch((()%3D%3E%7Bwindow.Fenrir.console.error(%22Sophi%20SDK%20config%20error%2C%20visit%20information%20not%20available%22)%7D))%7D))%7D%2Cr.onerror%3Dfunction()%7Bvar%20o%2Ci%2Cr%2Ct%2Ca%3Bo%3Dwindow%2Ci%3Ddocument%2Cr%3D%22script%22%2Ct%3D%22https%3A%2F%2Fwww.datadoghq-browser-agent.com%2Fus1%2Fv5%2Fdatadog-logs.js%22%2Co%3Do%5Ba%3D%22DD_LOGS%22%5D%3Do%5Ba%5D%7C%7C%7Bq%3A%5B%5D%2ConReady(e)%7Bo.q.push(e)%7D%7D%2C(a%3Di.createElement(r)).async%3D1%2Ca.src%3Dt%2C%5Bt%5D%3Di.getElementsByTagName(r)%2Ct.parentNode.insertBefore(a%2Ct)%2Cwindow.DD_LOGS.onReady((()%3D%3E%7Bwindow.DD_LOGS.init(%7BapplicationId%3A%224628eb2d-cce0-4291-8177-320688b29bfd%22%2CclientToken%3A%22pub8d2c9eae78a2fc5600c1ee978e7d0172%22%2Cservice%3A%22sophi-sdk%22%2Cenv%3Awindow.Fenrir.env%2CsampleRate%3A100%2CtelemetrySampleRate%3A0%2CsilentMultipleInit%3A!0%2CforwardErrorsToLogs%3A!1%7D)%3Bconst%20e%3D%22Sophi%20SDK%20failed%20to%20load%22%3Bwindow.DD_LOGS.logger.error(e)%2Cwindow.Fenrir.console.error(e)%7D))%2C%22post%22%3D%3D%3Dwindow.Fenrir.type%26%26e%26%26window.Fenrir.cmd.push((()%3D%3E%7Bwindow.Fenrir.loadComponent(n)%7D))%7D%2Cr.async%3D!0%2Cr.src%3D%22https%3A%2F%2Fcdn.sophi.io%2Fsdks%2Fpaywall%2F1%2Fstable%2Fmain.js%22%2Cdocument.getElementsByTagName(%22head%22)%5B0%5D.appendChild(r)%7D%7D%2Cn%3D%7B%7D%3Bfunction%20o(i)%7Bvar%20r%3Dn%5Bi%5D%3Bif(void%200!%3D%3Dr)return%20r.exports%3Bvar%20t%3Dn%5Bi%5D%3D%7Bexports%3A%7B%7D%7D%3Breturn%20e%5Bi%5D(t%2Ct.exports%2Co)%2Ct.exports%7Do.m%3De%2Co.c%3Dn%2Co.o%3D(e%2Cn)%3D%3EObject.prototype.hasOwnProperty.call(e%2Cn)%2C(()%3D%3E%7Bo.S%3D%7B%7D%3Bvar%20e%3D%7B%7D%2Cn%3D%7B%7D%3Bo.I%3D(i%2Cr)%3D%3E%7Br%7C%7C(r%3D%5B%5D)%3Bvar%20t%3Dn%5Bi%5D%3Bif(t%7C%7C(t%3Dn%5Bi%5D%3D%7B%7D)%2C!(r.indexOf(t)%3E%3D0))%7Bif(r.push(t)%2Ce%5Bi%5D)return%20e%5Bi%5D%3Bo.o(o.S%2Ci)%7C%7C(o.S%5Bi%5D%3D%7B%7D)%3Bo.S%5Bi%5D%3Bvar%20a%3D%5B%5D%3Breturn%20a.length%3Fe%5Bi%5D%3DPromise.all(a).then((()%3D%3Ee%5Bi%5D%3D1))%3Ae%5Bi%5D%3D1%7D%7D%7D)()%3Bo(80254)%7D)()%3B%3C%2Fscript%3E" });</script> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "first-party", script: "%3Cscript%20id%3D%22b2b-access-script%22%3E(()%3D%3E%7B%22use%20strict%22%3Bvar%20e%3D%7B11518%3A()%3D%3E%7Bconst%20e%3D(()%3D%3E%7Bfunction%20e(e)%7Bconst%20t%3Dnew%20RegExp(%60(%3F%3A%5E%7C%3B)(%3F%3A%5B%20s%5D*)(%3F%3A%24%7Be%7D%3D)(%5B%5E%3B%5D%2B)%60).exec(document.cookie)%3Breturn%20t%26%26t%5B1%5D%3Ft%5B1%5D%3Anull%7Dreturn%7Bget%3Ae%2Cset%3Afunction(e%2Ct%2Cn)%7Blet%20o%3D%22%22%3Bif(n)%7Bconst%20e%3Dnew%20Date%3Be.setTime(e.getTime()%2B60*n*60*24*1e3)%2Co%3D%60%3B%20expires%3D%24%7Be.toUTCString()%7D%60%7Ddocument.cookie%3D%60%24%7Be%7D%3D%24%7Bt%7D%24%7Bo%7D%3B%20path%3D%2F%60%7D%2Cclear%3Afunction(t)%7Bif(e(t))%7Bconst%20e%3Dnew%20Date%3Breturn%20document.cookie%3D%60%24%7Bt%7D%3D0%3Bexpires%3D%24%7Be.toUTCString()%7D%3B%20path%3D%2F%3B%60%2C!0%7Dreturn!1%7D%2CforToday%3Afunction(e%2Ct)%7Bconst%20n%3D%60%3B%20expires%3D%24%7Bnew%20Date((new%20Date).setHours(23%2C59%2C59%2C999)).toUTCString()%7D%60%3Bdocument.cookie%3D%60%24%7Be%7D%3D%24%7Bt%7D%24%7Bn%7D%3B%20path%3D%2F%60%7D%7D%7D)()%2Ct%3D%5B%22bide%22%2C%22binl%22%2C%22adobe%22%5D%3Bfunction%20n()%7Bdocument.querySelector(%22.account-icon-component.account-btn-not-logged-in%22).style.setProperty(%22display%22%2C%22none%22%2C%22important%22)%3Bdocument.querySelector(%22.subscribe-btn%3Anot(.subscribe-btn-logged-in)%22).style.setProperty(%22display%22%2C%22none%22%2C%22important%22)%7D(function()%7Bconst%20n%3Dnew%20URL(window.location.href)%2Co%3Dnew%20URLSearchParams(n.search)%2Cr%3Do.get(%22token%22)%2Ci%3Do.get(%22source%22)%3Br%26%26i%26%26t.includes(i)%26%26(o.delete(%22token%22)%2Co.delete(%22source%22)%2Cwindow.history.replaceState(null%2C%22%22%2C%60%24%7Bn.pathname%7D%3F%24%7Bo.toString()%7D%60)%2Ce.set(%22IR%22%2C%22F%22%2C90)%2Ce.set(%22b2b_as%22%2Ci%2C31)%2Ce.set(%22_pc_bipf%22%2C1%2C31))%7D)()%2Ce.get(%22b2b_as%22)%26%26requestAnimationFrame(n)%7D%7D%2Ct%3D%7B%7D%3Bfunction%20n(o)%7Bvar%20r%3Dt%5Bo%5D%3Bif(void%200!%3D%3Dr)return%20r.exports%3Bvar%20i%3Dt%5Bo%5D%3D%7Bexports%3A%7B%7D%7D%3Breturn%20e%5Bo%5D(i%2Ci.exports%2Cn)%2Ci.exports%7Dn.m%3De%2Cn.c%3Dt%2Cn.o%3D(e%2Ct)%3D%3EObject.prototype.hasOwnProperty.call(e%2Ct)%2C(()%3D%3E%7Bn.S%3D%7B%7D%3Bvar%20e%3D%7B%7D%2Ct%3D%7B%7D%3Bn.I%3D(o%2Cr)%3D%3E%7Br%7C%7C(r%3D%5B%5D)%3Bvar%20i%3Dt%5Bo%5D%3Bif(i%7C%7C(i%3Dt%5Bo%5D%3D%7B%7D)%2C!(r.indexOf(i)%3E%3D0))%7Bif(r.push(i)%2Ce%5Bo%5D)return%20e%5Bo%5D%3Bn.o(n.S%2Co)%7C%7C(n.S%5Bo%5D%3D%7B%7D)%3Bn.S%5Bo%5D%3Bvar%20c%3D%5B%5D%3Breturn%20c.length%3Fe%5Bo%5D%3DPromise.all(c).then((()%3D%3Ee%5Bo%5D%3D1))%3Ae%5Bo%5D%3D1%7D%7D%7D)()%3Bn(11518)%7D)()%3B%3C%2Fscript%3E" });</script> <style> /** * Font-family declarations * * 99% of the time you won't need to add your selector here. * Read the Fenrir Wiki about how to work with fonts: * https://github.com/businessinsider/fenrir/wiki/CSS-Fonts */ .headline-regular /* utility class */ { font-family: Helvetica, Arial, sans-serif; font-weight: 400; font-style: normal; } .headline-regular-italic /* utility class */ { font-family: Helvetica, Arial, sans-serif; font-weight: 400; font-style: italic; } h1, h2, h3, h4, h5, h6, .typography h1 strong:not(.ignore-typography strong), .typography h2 strong:not(.ignore-typography strong), .typography h3 strong:not(.ignore-typography strong), .typography h4 strong:not(.ignore-typography strong), .typography h5 strong:not(.ignore-typography strong), .typography h6 strong:not(.ignore-typography strong), .typography .summary-list, .typography .summary-list li, .typography .summary-list strong, .typography .read-more-links li:first-child, .typography .read-more-links li:first-child strong, .is-enhanced .typography p.drop-cap::first-letter, .headline-semibold /* utility class */, .headline-semibold.ignore-typography /* utility class */ { font-family: Helvetica, Arial, sans-serif; font-weight: 900; font-style: normal; } .typography h1 em:not(.ignore-typography em), .typography h2 em:not(.ignore-typography em), .typography h3 em:not(.ignore-typography em), .typography h4 em:not(.ignore-typography em), .typography h5 em:not(.ignore-typography em), .typography h6 em:not(.ignore-typography em), .typography .summary-list li em, .headline-semibold-italic /* utility class */ { font-family: Helvetica, Arial, sans-serif; font-weight: 900; font-style: italic; } .typography:not(.ignore-typography), /* TODO: Use the utility class instead of element selectors */ .typography .ecm .summary-list li, .body-regular /* utility class */ { font-family: Georgia, Times, serif; font-weight: 400; font-style: normal; } /* TODO: Use the utility class instead of element selectors */ .category-tagline p, .typography .blockquote, .typography em:not(.ignore-typography em), .body-italic /* utility class */ { font-family: Georgia, Times, serif; font-weight: 400; font-style: italic; } .typography strong:not(.ignore-typography strong), .body-bold /* utility class */ { font-family: Georgia, Times, serif; font-weight: 600; font-style: normal; } .typography em strong:not(h2 *):not(h3 *):not(h4 *):not(h5 *):not(h6 *):not(.ignore-typography strong), .typography strong:not(h2 *):not(h3 *):not(h4 *):not(h5 *):not(h6 *):not(.ignore-typography strong) em, .body-bold-italic /* utility class */ { font-family: Georgia, Times, serif; font-weight: 600; font-style: italic; } </style> <link rel="stylesheet" href="/styles/fonts-async.b3b0a1b2da8c42cd7be6.css" media="print" onload="this.media='all'; this.onload=null;" > <script> window.initialDataLayer = {"pageType":"post","postID":"669c1139c79d31931d7ec70f","postURI":"personal-finance/mortgages/average-mortgage-payment","publisher":"","editor":"Sarah Silbert","vertical":"yourmoney","author":"Molly Grace|Aly J. Yale","category":"homebuying|Homeownership|PFI average|Personal Finance Insider|PFI Reference|pfi average cost|PFI Storytelling|PFI Reviews|PFI Featured Products|PFI Reference Report","dateModified":"2024-08-27","datePublished":"2024-08-26","wordCount":1240,"abTest":"|ctc:c|","secondaryVerticals":"pfi-loans|pfi-mortgages","theme":"default"}; </script> <script id="gtm-config-script">(()=>{var e={20560:(e,a,t)=>{"use strict";var r=t(667),n=t.n(r);(()=>{function e(){window.dataLayer=window.dataLayer||[];for(var e=arguments.length,a=new Array(e),t=0;t<e;t++)a[t]=arguments[t];window.dataLayer.push({...a})}const a={analytics_storage:"TCF"===window.Fenrir.privacyApi?"denied":"granted",ad_storage:"TCF"===window.Fenrir.privacyApi?"denied":"granted",ads_data_redaction:"TCF"===window.Fenrir.privacyApi};let t=window.localStorage.getItem("fenrir-ga-consent");try{if(t=JSON.parse(t),!["granted","denied"].includes(t.analytics_storage)||!["granted","denied"].includes(t.ad_storage)||![!0,!1].includes(t.ads_data_redaction))throw new Error("invalid fenrir-ga-consent value");a.analytics_storage=t.analytics_storage,a.ad_storage=t.ad_storage,a.ads_data_redaction=t.ads_data_redaction}catch(e){}window.localStorage.setItem("fenrir-ga-consent",JSON.stringify(a));const{analytics_storage:r,ad_storage:i,ads_data_redaction:s}=a;e("consent","default",{analytics_storage:r,ad_storage:i,wait_for_update:500}),e("set","ads_data_redaction",s);const o=window.initialDataLayer||{};localStorage.getItem("email_hashes")&&(o.userPhase="user"),"bi"===window.Fenrir.config.identifier&&(o.userAgent=window.navigator.userAgent,o.timeZone=Intl.DateTimeFormat().resolvedOptions().timeZone);const d=localStorage.getItem("profile");if(d){o.userPhase="account";const{subscriptionId:e,insiderId:a,hasPrime:t}=(e=>{const a=JSON.parse(e),{"https://insider/subscriptionId":t,"https://insider/memberId":r,"https://insider/hasPrime":n}=a;return{subscriptionId:t,insiderId:r,hasPrime:n}})(d);e&&(o.subscriptionId=e),1===t&&(o.userPhase="subscriber"),a&&(o.insiderId=a)}const c=localStorage.getItem("universal_id");if(c)o.universalId=c;else{const e=n()();localStorage.setItem("universal_id",e),o.universalId=e}window.dataLayer=window.dataLayer||[],window.dataLayer.push(o),window.dataLayer.push({"gtm.start":(new Date).getTime(),event:"gtm.js"})})()},667:e=>{e.exports=()=>{try{return crypto.randomUUID()}catch(e){return"xxxxxxxx-xxxx-4xxx-yxxx-xxxxxxxxxxxx".replace(/[xy]/g,(e=>{const a=16*Math.random()|0;return("x"===e?a:3&a|8).toString(16)}))}}}},a={};function t(r){var n=a[r];if(void 0!==n)return n.exports;var i=a[r]={exports:{}};return e[r](i,i.exports,t),i.exports}t.m=e,t.c=a,t.n=e=>{var a=e&&e.__esModule?()=>e.default:()=>e;return t.d(a,{a}),a},t.d=(e,a)=>{for(var r in a)t.o(a,r)&&!t.o(e,r)&&Object.defineProperty(e,r,{enumerable:!0,get:a[r]})},t.o=(e,a)=>Object.prototype.hasOwnProperty.call(e,a),(()=>{t.S={};var e={},a={};t.I=(r,n)=>{n||(n=[]);var i=a[r];if(i||(i=a[r]={}),!(n.indexOf(i)>=0)){if(n.push(i),e[r])return e[r];t.o(t.S,r)||(t.S[r]={});t.S[r];var s=[];return s.length?e[r]=Promise.all(s).then((()=>e[r]=1)):e[r]=1}}})();t(20560)})();</script> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "load", script: "%3Cscript%20src%3D%22https%3A%2F%2Fwww.googletagmanager.com%2Fgtm.js%3Fid%3DGTM-MP6F46L%22%20data-consent%3D%22ANALYTICS%22%20data-track-load%3D%22gtm%22%3E%3C%2Fscript%3E" });</script> <script type="application/ld+json"> {"@context":"http://schema.org","@type":"Article","mainEntityOfPage":{"@type":"WebPage","@id":"https://www.businessinsider.com/personal-finance/mortgages/average-mortgage-payment"},"editor":{"@type":"Person","name":"Sarah Silbert"},"author":[{"@type":"Person","name":"Molly Grace","sameAs":"https://www.businessinsider.com/author/molly-grace"},{"@type":"Person","name":"Aly J. Yale","sameAs":"https://www.businessinsider.com/author/aly-yale"}],"publisher":{"@context":"http://schema.org","@type":"Organization","name":"Business Insider","legalName":"Insider Inc.","foundingDate":"2007","url":"www.businessinsider.com","sameAs":["https://www.instagram.com/businessinsider","https://www.twitter.com/businessinsider","https://www.facebook.com/businessinsider","https://www.linkedin.com/company/businessinsider","https://www.youtube.com/@BusinessInsider"],"founder":{"@type":"Person","name":"Henry Blodget"},"logo":{"@type":"ImageObject","url":"https://www.businessinsider.com/public/assets/logos/structured-data.png"}},"headline":"Understanding the Average Mortgage Payment","alternativeHeadline":"What is the Average Mortgage Payment?","image":{"@type":"ImageObject","url":"https://i.insider.com/5f29c60558c24d595f398707?width=1071&format=jpeg","width":1071,"height":803,"caption":"The average monthly mortgage payment depends on where you live in the US."},"name":"What is the Average Mortgage Payment?","datePublished":"2024-08-26T21:41:00Z","dateModified":"2024-08-27T16:11:54Z","description":"Learn about the factors influencing the average mortgage payment and how it varies across different regions.","keywords":"","articleBody":"Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews.According to Business Insider's calculations using data from the U.S. Census Bureau, the Department of Housing and Urban Development, Freddie Mac, and the National Association of Realtors, the average mortgage payment in the U.S. is $2,715 on a 30-year fixed mortgage, and $3,552 on a 15-year fixed mortgage. You can see the full methodology at the end of this post.However, averages can be skewed by payments that are atypically low or high. This means it's often not the most accurate depiction of what the typical U.S. homeowner actually pays. A better measure of this is the median, which represents the middle number in a data set. The median monthly cost of homeownership in the U.S. is $2,167 per month, according to the most recent data from the Mortgage Bankers Association. Keep in mind that this cost includes only the monthly principal and interest payments. Other necessary costs like homeowners insurance, HOA fees, and property taxes — often called escrow costs — are typically added to your payment too, though these vary widely by location.Mortgage payments are different for everyone. Factors affecting mortgage payments include: Your mortgage interest rate will play a huge role in how much you pay each month. Typically, lenders give the best interest rates to borrowers with high credit scores, as this indicates they pay their bills on time and manage their debts responsibly. Your loan term is a factor, too. A longer loan term will mean smaller payments, as it spreads the balance of your loan out over more months. A shorter loan term will give you bigger monthly payments. Like some other types of loans, a mortgage requires a down payment. If you don't have a 20% down payment for the house you're purchasing, you'll add to the cost of your monthly mortgage payment with private mortgage insurance, or PMI. The higher your down payment, the lower your mortgage will be each month.If your mortgage includes an escrow account, you'll pay for two costs each month in your monthly mortgage payment: property taxes and home insurance. These costs can vary quite a bit depending on your insurance company, where you're located, and the size of your house.If you owe mortgage insurance on your loan, this will also be paid as part of your monthly mortgage payment. Because home prices differ so much across locations, average mortgage payments are different, too. See below for how payments can vary across the country.Based on current mortgage rates and home sales data, the average payment on a 30-year fixed mortgage is $2,715 and $3,552 on a 15-year fixed mortgage.Home prices are highest in the Northeast, so mortgage payments are much bigger there. They're lowest in the Midwest. Here are average payments broken down by region (using the methodology noted at the bottom of this article):Home prices in urban areas tend to be much higher than those in more rural communities, so you can typically expect higher mortgage payments, too. For example, the median home price for Austin, Texas is $550,000, according to Redfin. But if you buy in a more rural part of Texas, like Nacogdoches, for instance, you'll pay just half that. Knowing what your mortgage payment will be is critical to determining how much house you can afford. To do this, you can: A mortgage calculator is your best bet for determining what your estimated mortgage payment will be. You'll need an idea of what home price you're looking at, how much of a down payment you're bringing, and current interest rates to use one of these tools.A mortgage calculator will give you an idea of what you'll pay each month in principal and interest, which make up a large portion of your monthly mortgage costs. On a fixed-rate loan, you'll typically pay more toward interest at the start of your loan. As you get further into your loan term, more of your payments will start going toward the principal balance.Most mortgages come with escrow accounts. These are separate accounts that your loan servicer uses to pay for your HOA dues, home insurance premiums, and property taxes. You'll pay a certain amount per month toward your escrow account along with your mortgage payment.Your monthly mortgage payment will likely be one of your biggest costs as a homeowner. Follow these tips to manage your mortgage payment successfully:If you ever get to a point where paying your mortgage is difficult, refinancing may be able to help. You might be able to get a lower interest rate, which would lower your payment, or you could get a longer loan term. This would spread your payment out over a longer period and reduce your payment as well.If you want to pay down your mortgage quicker, you can make occasional extra payments toward your loan balance. You might want to do this when your annual tax refund comes in or if you get a holiday bonus, for example. You can also make a slightly larger-than-required payment each month (say $2,000 instead of $1,950), and ask your servicer to put that extra payment straight toward your principal balance. This will reduce your interest costs over the long haul. Having a good household budget in place is important all the time — but especially when you have a mortgage payment to cover. Failing to make your payments can result in foreclosure, so it's critical you allot enough funds each month to pay your mortgage. If you have an adjustable-rate mortgage, you should also stay on top of interest rate trends and know the rate caps for your loan. Since your payment fluctuates as interest rates do, you'll need to be ready to cover any payment increase that comes with that.The average mortgage payment in the U.S. varies but is currently around $2,700 per month nationally.Higher interest rates increase monthly payments, while lower rates reduce them.Besides principal and interest, payments often include property taxes, homeowners insurance, and PMI.Yes, options include refinancing, extending the loan term, or making a larger down payment.To determine how much the average borrower will pay for their mortgage each month, we used the average home sales price according to data from the Census Bureau and the Department of Housing and Urban Development. In Q2 of 2024, the average price was $501,700. We then took the median down payment of 14% (as reported by the National Association of Realtors) to determine an average loan size of $431,462. Average mortgage rates for August 22, 2024 according to Freddie Mac data were also used. This average estimate doesn't include taxes and insurance, since these costs vary widely.","articleSection":"Personal Finance, Loans, Mortgages","isAccessibleForFree":true,"hasPart":[{"@type":"WebPageElement","isAccessibleForFree":true,"cssSelector":".content-lock-content"}]} </script> <script type="application/ld+json"> {"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What is the average mortgage payment in the U.S.?","acceptedAnswer":{"@type":"Answer","text":"<p class=\"faq-answer\">The average mortgage payment in the U.S. varies but is currently around $2,700 per month nationally.</p>"}},{"@type":"Question","name":"How do interest rates affect mortgage payments?","acceptedAnswer":{"@type":"Answer","text":"<p class=\"faq-answer\">Higher interest rates increase monthly payments, while lower rates reduce them.</p>"}},{"@type":"Question","name":"What other costs are included in a mortgage payment?","acceptedAnswer":{"@type":"Answer","text":"<p class=\"faq-answer\">Besides principal and interest, payments often include property taxes, homeowners insurance, and PMI.</p>"}},{"@type":"Question","name":"Can I lower my mortgage payment?","acceptedAnswer":{"@type":"Answer","text":"<p class=\"faq-answer\">Yes, options include refinancing, extending the loan term, or making a larger down payment.</p>"}}]} </script> <script type="application/ld+json"> {"@context":"http://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://www.businessinsider.com/personal-finance","name":"Personal Finance"}},{"@type":"ListItem","position":2,"item":{"@id":"https://www.businessinsider.com/personal-finance/mortgages","name":"Mortgages"}},{"@type":"ListItem","position":3,"item":{"@id":"https://www.businessinsider.com/personal-finance/mortgages/average-mortgage-payment","name":"What is the Average Mortgage Payment?"}}]} </script> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "load", script: "%3Cscript%20data-consent%3D%22ANALYTICS%22%20type%3D%22text%2Fjavascript%22%3E!function()%7B%22use%20strict%22%3Bfunction%20e(e)%7Bvar%20t%3D!(arguments.length%3E1%26%26void%200!%3D%3Darguments%5B1%5D)%7C%7Carguments%5B1%5D%2Cc%3Ddocument.createElement(%22script%22)%3Bc.src%3De%2Ct%3Fc.type%3D%22module%22%3A(c.async%3D!0%2Cc.type%3D%22text%2Fjavascript%22%2Cc.setAttribute(%22nomodule%22%2C%22%22))%3Bvar%20n%3Ddocument.getElementsByTagName(%22script%22)%5B0%5D%3Bn.parentNode.insertBefore(c%2Cn)%7D!function(t%2Cc)%7B!function(t%2Cc%2Cn)%7Bvar%20a%2Co%2Cr%3Bn.accountId%3Dc%2Cnull!%3D%3D(a%3Dt.marfeel)%26%26void%200!%3D%3Da%7C%7C(t.marfeel%3D%7B%7D)%2Cnull!%3D%3D(o%3D(r%3Dt.marfeel).cmd)%26%26void%200!%3D%3Do%7C%7C(r.cmd%3D%5B%5D)%2Ct.marfeel.config%3Dn%3Bvar%20i%3D%22https%3A%2F%2Fsdk.mrf.io%2Fstatics%22%3Be(%22%22.concat(i%2C%22%2Fmarfeel-sdk.js%3Fid%3D%22).concat(c)%2C!0)%2Ce(%22%22.concat(i%2C%22%2Fmarfeel-sdk.es5.js%3Fid%3D%22).concat(c)%2C!1)%7D(t%2Cc%2Carguments.length%3E2%26%26void%200!%3D%3Darguments%5B2%5D%3Farguments%5B2%5D%3A%7B%7D)%7D(window%2C3378%2C%7B%7D%20%2F*%20Config%20*%2F)%7D()%3B%3C%2Fscript%3E" });</script> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "load", script: "%3Cscript%20id%3D%22meta-pixel-script%22%3E(()%3D%3E%7Bvar%20e%3D%7B69531%3A()%3D%3E%7Bvar%20e%2Cr%2Cn%2Ct%2Co%2Ci%3Bfunction%20s()%7Bwindow.Fenrir%3F.cm%3F.usPrivacyApplies%26%26%22ACCEPT%22%3D%3D%3Dwindow.Fenrir%3F.cm%3F.userConsent.OPT_OUT%3Ffbq(%22dataProcessingOptions%22%2C%5B%22LDU%22%5D%2C0%2C0)%3Afbq(%22dataProcessingOptions%22%2C%5B%5D)%2Cfbq(%22init%22%2C%221988166924554892%22)%2Cfbq(%22track%22%2C%22PageView%22)%7De%3Dwindow%2Cr%3Ddocument%2Cn%3D%22script%22%2Ce.fbq%7C%7C(t%3De.fbq%3Dfunction()%7Bt.callMethod%3Ft.callMethod.apply(t%2Carguments)%3At.queue.push(arguments)%7D%2Ce._fbq%7C%7C(e._fbq%3Dt)%2Ct.push%3Dt%2Ct.loaded%3D!0%2Ct.version%3D%222.0%22%2Ct.queue%3D%5B%5D%2C(o%3Dr.createElement(n)).async%3D!0%2Co.src%3D%22https%3A%2F%2Fconnect.facebook.net%2Fen_US%2Ffbevents.js%22%2C(i%3Dr.getElementsByTagName(n)%5B0%5D).parentNode.insertBefore(o%2Ci))%2Cwindow.Fenrir%3F.cm%3F.cmStarted%26%26window.Fenrir%3F.cm%3F.userConsent%3Fs()%3AsetTimeout(s%2C1e3)%7D%7D%2Cr%3D%7B%7D%3Bfunction%20n(t)%7Bvar%20o%3Dr%5Bt%5D%3Bif(void%200!%3D%3Do)return%20o.exports%3Bvar%20i%3Dr%5Bt%5D%3D%7Bexports%3A%7B%7D%7D%3Breturn%20e%5Bt%5D(i%2Ci.exports%2Cn)%2Ci.exports%7Dn.m%3De%2Cn.c%3Dr%2Cn.o%3D(e%2Cr)%3D%3EObject.prototype.hasOwnProperty.call(e%2Cr)%2C(()%3D%3E%7Bn.S%3D%7B%7D%3Bvar%20e%3D%7B%7D%2Cr%3D%7B%7D%3Bn.I%3D(t%2Co)%3D%3E%7Bo%7C%7C(o%3D%5B%5D)%3Bvar%20i%3Dr%5Bt%5D%3Bif(i%7C%7C(i%3Dr%5Bt%5D%3D%7B%7D)%2C!(o.indexOf(i)%3E%3D0))%7Bif(o.push(i)%2Ce%5Bt%5D)return%20e%5Bt%5D%3Bn.o(n.S%2Ct)%7C%7C(n.S%5Bt%5D%3D%7B%7D)%3Bn.S%5Bt%5D%3Bvar%20s%3D%5B%5D%3Breturn%20s.length%3Fe%5Bt%5D%3DPromise.all(s).then((()%3D%3Ee%5Bt%5D%3D1))%3Ae%5Bt%5D%3D1%7D%7D%7D)()%3Bn(69531)%7D)()%3B%3C%2Fscript%3E" });</script> <link rel="stylesheet" href="/styles/post-page.453902b812bbdb6fd140.css" media="all" > <style id="styles-loaded" data-loaded="table-of-contents,collapsable-faq,featured-products,rich-tooltip,hub-nav,back-to-top,drawer,logout-button,account-icon,share,sticky-toc,content-lock,footer,jumper">.toc-header{color:#76767a;font-size:.5rem;letter-spacing:.01625rem;line-height:.75rem;margin:0 0 0 20px;text-transform:uppercase}.toc-line a.toc-item{color:#0a0a0a;font-size:.75rem;letter-spacing:.0125rem;line-height:1.0625rem}.toc-line a.toc-item:hover{box-shadow:0 1px 0 0 #0a0a0a;color:#0a0a0a;text-decoration:none}.table-of-contents li.toc-line{margin:16px 0 16px 20px}.table-of-contents li.toc-line:last-child{margin:16px 0 0 20px}.table-of-contents .toc-list-items{list-style-type:none;margin:0;padding:0}hr.toc-hr{background-color:#0a0a0a;border:none;height:2px;margin-left:auto;margin-right:auto;margin-top:40px;width:100%}@media (min-width:960px){.toc-header{font-size:.625rem;line-height:.875rem}.toc-line a.toc-item{font-size:1rem;line-height:1.375rem}.table-of-contents li.toc-line{margin:18px 0 18px 20px}.table-of-contents li.toc-line:last-child{margin:18px 0 0 20px}hr.toc-hr{margin-top:52px}}.collapsable-faq-dropdown{border-top:1px solid #cecece;padding:24px 0}.collapsable-faq-dropdown-last{border-bottom:1px solid #cecece}.collapsable-faq-dropdown_wrap{height:0;overflow:hidden;transition:height .2s linear;will-change:height}.collapsable-faq-dropdown_content{padding-top:16px}.collapsable-faq-dropdown_content .faq-answer{font-size:17.5px;line-height:1.8;margin-top:0}.collapsable-faq-dropdown_content .faq-answer li{font-size:17.5px;line-height:1.8}.collapsable-faq-dropdown_content .faq-answer :last-child,.collapsable-faq-dropdown_content .faq-answer:last-child{margin-bottom:0}.collapsable-faq-dropdown_tooltip{font-size:16px;font-weight:400;line-height:20px;margin:0;padding-top:6px}.collapsable-faq-dropdown_tooltip_content-wrap{height:0;overflow:hidden;transition:height .2s linear;will-change:height}.collapsable-faq-dropdown_tooltip_button.headline-regular{color:#76767a;cursor:pointer;font-size:12px;font-weight:700;line-height:1;padding:0}.collapsable-faq-dropdown_header{align-items:flex-start;display:flex;font-size:18px;justify-content:space-between;line-height:1.2}.collapsable-faq-dropdown_header:hover{cursor:pointer}.collapsable-faq-dropdown_text{width:80%}.collapsable-faq-dropdown_chevron{padding-right:8px}.collapsable-faq-dropdown_chevron svg{width:11.75px}.collapsable-faq-dropdown_chevron svg path{stroke:#76767a}@media (min-width:0)and (max-width:599px){.collapsable-faq-dropdown_chevron{padding-right:5px}}.post-content .featured-products{align-items:flex-start;padding:32px 34px;width:98fr}.post-content .featured-products:before{height:6px}.post-content .featured-product:last-of-type .featured-product-hgroup{margin-bottom:24px}.post-content .featured-product-image{max-width:188px}.post-content .featured-product-image:active{box-shadow:none}.post-content .featured-product-hgroup{margin:16px;text-align:center}.post-content .featured-product-link{border-radius:30px;font-size:15px;height:46px;letter-spacing:.2625px;padding:10px 14px 14px;width:100%}.post-content .featured-product-link:active,.post-content .featured-product-link:hover{box-shadow:none;color:#fff}.post-content .featured-product:last-of-type{padding-bottom:0}.featured-products{align-items:center;border:1px solid #cecece;border-radius:0 0 4px 4px;display:flex;flex-direction:column;height:fit-content;padding:50px 32px;position:relative;text-align:center}.featured-products:before{background-color:#002aff;border-bottom:1px solid #dde0e8;content:"";height:8px;left:0;position:absolute;right:0;top:0}.featured-products-heading{font-size:1.375rem;line-height:125%;margin:0 auto 24px}.featured-product{align-items:center;display:flex;flex-direction:column;width:100%}.featured-product:not(:last-of-type){border-bottom:1px solid #dde0e8;margin-bottom:32px;padding-bottom:32px}.featured-product-heading{color:#0a0a0a;display:block;font-family:Garnett,Helvetica,Arial,sans-serif;font-size:14px;font-weight:400}.featured-product-heading:active,.featured-product-heading:hover{box-shadow:none;color:#76767a}.featured-product-image{grid-area:featured-product-image;width:100%}.featured-product-hgroup{grid-area:featured-product-hgroup;margin-bottom:24px;margin-top:16px;max-width:200px;text-align:center}.featured-product-sub-heading{display:inline-block;font-size:18px;line-height:1.3em;margin-bottom:0!important;margin-top:10px!important}.featured-product-cta{grid-area:featured-product-cta;width:100%}.featured-product-link{background-color:#002aff;border-radius:14px;color:#fff;display:inline-block;font-family:Garnett,Helvetica,Arial,sans-serif;font-size:11px;font-weight:600;letter-spacing:.2625px;padding:6px 16px}.featured-product-link:active,.featured-product-link:hover{box-shadow:none;color:#fff}.featured-product-rates{color:#76767a;display:block;font-family:Garnett,Helvetica,Arial,sans-serif;font-size:11px;margin-top:8px}.featured-product-rates:active,.featured-product-rates:hover{box-shadow:none;color:#76767a}.tooltip-featured-product{top:1px}.tooltip-featured-product:before{left:-30px}.tooltip-featured-product:after{left:4px}span.inline-tooltip.tooltip-featured-product:before{max-width:250px}div.featured-product-image-placeholder{background-color:#aaa;border-radius:4px;height:145px;width:235px}div.featured-product-text-placeholder{background-color:#aaa;height:21px;margin:auto auto 2px;max-width:200px;width:1000px}div.featured-product-placeholder-block{margin-bottom:10px}div.featured-product-link-placeholder{margin-bottom:8px;opacity:.4}@media (min-width:600px){.post-content .featured-products{padding:32px 16px}.post-content .featured-product{align-items:flex-start;display:grid;grid-template:"featured-product-image featured-product-hgroup featured-product-cta";grid-template-columns:140px 1fr;justify-content:flex-start}.post-content .featured-product:last-of-type{padding-bottom:0}.post-content .featured-product:last-of-type .featured-product-hgroup{margin-bottom:0}.post-content .featured-product-hgroup{margin:0;padding-left:24px;text-align:left}.post-content .featured-product-sub-heading{margin-top:5px!important}.post-content .featured-product-link{font-size:11px;height:25px;padding:3px 16px 0}.featured-products-heading{margin-left:0}}@media (min-width:959px){.post-content .featured-products{display:none}}@media (min-width:960px){.sticky-featured-product{bottom:0;left:0;position:sticky;right:0;top:138px}.featured-products-heading{margin-bottom:32px}}@media (min-width:1259px){.sticky-featured-product{top:81px}}.rich-tooltip{cursor:help;display:inline-flex;line-height:1.3;position:relative}.rich-tooltip.no-help{cursor:auto}.rich-tooltip:hover .rich-tooltip-wrapper{display:block}.rich-tooltip:hover>a{box-shadow:0 1px 0 0 #fff;color:#002aff;text-decoration:none}.rich-tooltip-wrapper{display:none;left:-10px;padding-top:12px;position:absolute;top:100%;z-index:5777777}.rich-tooltip-content{display:flex;position:relative}.rich-tooltip-message{background-color:#fff;border-radius:1.5px;box-shadow:0 2px 8px 0 hsla(0,0%,7%,.25),0 0 0 0 hsla(0,0%,100%,.5);color:#545454;display:block;font-size:13px;min-width:216px;padding:15px 10px 20px}.rich-tooltip-message:after{background-color:#fff;box-shadow:2px -2px 4px 0 rgba(0,0,0,.05);content:"";height:10px;left:10px;position:absolute;top:13px;transform:rotate(-45deg);transform-origin:0 0;width:10px}.compound-interest-calculator-rich-tooltip .rich-tooltip-wrapper{bottom:100%;left:unset;padding-bottom:12px;padding-top:0;right:-17px;top:unset}.compound-interest-calculator-rich-tooltip .rich-tooltip-wrapper .rich-tooltip-message{width:335px}.compound-interest-calculator-rich-tooltip .rich-tooltip-wrapper .rich-tooltip-message:after{bottom:2px;box-shadow:-2px 2px 4px 0 rgba(0,0,0,.05);left:unset;right:24px;top:unset}.featured-product-rich-tooltip,.financial-product-card-rich-tooltip{height:fit-content;margin:0 0 4px 4px}.featured-product-rich-tooltip[data-tooltip-position=right] .rich-tooltip-wrapper,.financial-product-card-rich-tooltip[data-tooltip-position=right] .rich-tooltip-wrapper{left:unset;right:-7px}.featured-product-rich-tooltip[data-tooltip-position=right] .rich-tooltip-message:after,.financial-product-card-rich-tooltip[data-tooltip-position=right] .rich-tooltip-message:after{left:unset;right:10px}.featured-product-rich-tooltip[data-tooltip-position=right-or-middle] .rich-tooltip-wrapper,.financial-product-card-rich-tooltip[data-tooltip-position=right-or-middle] .rich-tooltip-wrapper{left:unset;right:-7px;transform:unset}.featured-product-rich-tooltip[data-tooltip-position=right-or-middle] .rich-tooltip-wrapper .rich-tooltip-message:after,.financial-product-card-rich-tooltip[data-tooltip-position=right-or-middle] .rich-tooltip-wrapper .rich-tooltip-message:after{left:unset;right:10px}.featured-product-rich-tooltip[data-tooltip-position=middle] .rich-tooltip-wrapper,.financial-product-card-rich-tooltip[data-tooltip-position=middle] .rich-tooltip-wrapper{left:calc(50% + 5px);transform:translateX(-50%)}.featured-product-rich-tooltip[data-tooltip-position=middle] .rich-tooltip-message:after,.financial-product-card-rich-tooltip[data-tooltip-position=middle] .rich-tooltip-message:after{left:50%;top:6px;transform:translateX(-50%) rotate(45deg)}.featured-product-rich-tooltip[data-tooltip-position=left] .rich-tooltip-wrapper,.financial-product-card-rich-tooltip[data-tooltip-position=left] .rich-tooltip-wrapper{left:0;right:unset}.tooltip-icon{height:13px;margin:0;position:relative;width:13px}.tooltip-icon path{fill:#76767a;stroke:#76767a}.info-icon{height:24px;margin:0;position:relative;width:24px}.info-icon path{fill:#76767a}@media (min-width:600px){.featured-product-rich-tooltip[data-tooltip-position=right-or-middle] .rich-tooltip-wrapper,.financial-product-card-rich-tooltip[data-tooltip-position=right-or-middle] .rich-tooltip-wrapper{left:calc(50% + 5px);right:unset;transform:translateX(-50%)}.featured-product-rich-tooltip[data-tooltip-position=right-or-middle] .rich-tooltip-wrapper .rich-tooltip-message:after,.financial-product-card-rich-tooltip[data-tooltip-position=right-or-middle] .rich-tooltip-wrapper .rich-tooltip-message:after{left:50%;right:unset;top:6px;transform:translateX(-50%) rotate(45deg)}}.hub-wrapper{width:auto}.vertical-title-wrapper{padding:0;z-index:0}.vertical-title.vertical-title--subnav{margin-bottom:0;position:relative;white-space:nowrap;z-index:2}.vertical-title.vertical-title--subnav a{color:#0a0a0a}.hub-nav-wrapper{position:relative}.hub-nav{display:flex;justify-content:center;margin:-3px 0 12px;opacity:1;overflow-x:auto;overflow-y:visible;padding:16px 0 0;transition:opacity .3s ease;white-space:nowrap;z-index:1}.hub-nav-list{align-items:center;display:flex;height:inherit;list-style:none;width:900px}.hub-nav-link{color:#0a0a0a;display:block;font-size:12px;height:100%;padding:0 8px;position:relative;text-transform:uppercase}.hub-nav-link:active,.hub-nav-link:hover{color:#002aff}.hub-nav-link.active-path:before{background-color:#002aff;content:"";display:block;height:3px;left:0;position:absolute;top:-16px;width:100%;z-index:2}.hub-nav-link-container{margin:0 6px;text-align:center}.hub-nav-link-container:last-child{padding-right:32px}.hub-nav-dropdown{background-clip:padding-box;background-color:#fff;border-radius:2px;border-top:16px solid transparent;filter:drop-shadow(0 2px 4px rgba(0,0,0,.2));list-style:none;max-width:300px;min-width:210px;padding:15px;position:absolute;text-align:left;top:30px;visibility:hidden;white-space:normal;word-break:keep-all;z-index:5666666}.hub-nav-link-container:hover .hub-nav-dropdown{visibility:visible}.hub-nav-dropdown:before{border-color:#fff #fff transparent transparent;border-style:solid;border-width:6px;box-shadow:2px -2px 4px 0 rgba(0,0,0,.05);content:"";height:0;position:absolute;top:0;transform:rotate(-45deg);transform-origin:0 0;width:0}.hub-nav-dropdown-link-container:not(:last-of-type){margin-bottom:10px}.hub-nav-dropdown-link{color:#0a0a0a;display:block;font-size:13px}.hub-nav-dropdown-link:hover{color:#002aff}.hub-wrapper-helpfulness .hub-nav{margin:0;min-height:59.5px;padding:6px 0 14px}.hub-wrapper-helpfulness .hub-nav-link{cursor:pointer;font-size:11px;font-weight:400;letter-spacing:1px;padding:5px;text-transform:none}.hub-wrapper-helpfulness .hub-nav-dropdown-link{font-size:11px;letter-spacing:.5px;line-height:18px;text-transform:capitalize}.hub-wrapper-helpfulness .hub-nav-dropdown-link-all{font-weight:600}.hub-wrapper-helpfulness .hub-nav-link-container,.hub-wrapper-helpfulness:not(.pfi) .hub-nav-link-container{display:none;margin:0 2px;padding:5px}.hub-wrapper-helpfulness:not(.pfi) .hub-nav-link-container.hub-nav-link-container-more,.hub-wrapper-helpfulness:not(.pfi) .hub-nav-link-container:nth-child(-n+7){display:block}.hub-wrapper-helpfulness:not(.pfi) .hub-nav-link-container.hub-nav-link-container-more .hub-nav-dropdown-link-container:nth-child(-n+7){display:none}.hub-wrapper-helpfulness.pfi .hub-nav-link-container.hub-nav-link-container-more,.hub-wrapper-helpfulness.pfi .hub-nav-link-container:nth-child(-n+5){display:block}.hub-wrapper-helpfulness.pfi .hub-nav-link-container.hub-nav-link-container-more .hub-nav-dropdown-link-container:nth-child(-n+5){display:none}@media (min-width:0)and (max-width:599px){.hub-wrapper-helpfulness .hub-nav{display:none}}@media (min-width:960px){.hub-nav{margin-bottom:25px}.hub-nav-list{width:100%}.hub-nav-link:hover{color:#002aff}.hub-wrapper-helpfulness:not(.pfi) .hub-nav-link-container:nth-child(-n+9){display:block}.hub-wrapper-helpfulness:not(.pfi) .hub-nav-link-container.hub-nav-link-container-more .hub-nav-dropdown-link-container:nth-child(-n+9){display:none}.hub-wrapper-helpfulness.pfi .hub-nav-link-container:nth-child(-n+7){display:block}.hub-wrapper-helpfulness.pfi .hub-nav-link-container.hub-nav-link-container-more .hub-nav-dropdown-link-container:nth-child(-n+7){display:none}}.back-to-top{align-items:center;background-color:#0a0a0a;border:none;border-radius:50%;bottom:92px;cursor:pointer;display:none;height:56px;justify-content:flex-start;position:fixed;right:19px;transition:opacity .25s ease-out;width:56px;z-index:3}.back-to-top.--fade-in{display:block}.back-to-top:hover{background-color:#31313b}.back-to-top.content-hub{left:auto}.back-to-top-chevron{height:14px;left:50%;position:absolute;top:50%;transform:translate(-50%,-50%);transition:opacity .25s ease-out;width:22px;stroke:#fff;fill:#fff}@media (min-width:959px){.back-to-top.content-hub{right:105px}}@media (min-width:960px){.back-to-top{bottom:120px;left:calc(50% + 437px);transform:translateX(-50%)}}@media (min-width:1260px){.back-to-top{left:calc(50% + 585px)}}.drawer{background-color:#fff;box-shadow:0 2px 100px 0 hsla(0,0%,7%,.5);height:100%;left:calc(-100% - 50px);position:fixed;top:0;transform:translateZ(0);transition:all .25s ease-in-out;visibility:hidden;width:100%;z-index:5888888;-webkit-overflow-scrolling:touch;scrollbar-width:none}.drawer.drawer--active{overflow-y:scroll;transform:translate3d(calc(100% + 50px),0,0);visibility:visible}.drawer::-webkit-scrollbar{display:none}.drawer-header{align-items:center;display:flex;justify-content:space-between;padding:40px 40px 0}.drawer-heading{color:#0a0a0a;font-size:1.25rem;line-height:1.45;text-transform:uppercase}.logo-stacked.drawer-heading-icon{height:auto;width:116.4px}.close-icon-clickable-area{align-items:center;cursor:pointer;display:inline-flex;height:30px;justify-content:center;left:6px;position:relative;width:30px}.drawer-toggle{background:none;border:none;display:inline-flex;padding:0;position:absolute}.drawer-list{list-style:none;margin:0;padding:79px 40px 45px;width:100%}.drawer-list-item:not(:first-of-type){margin-top:45px}.drawer-vertical{align-items:center;display:flex;padding-left:54px;position:relative;word-break:normal}.drawer-vertical-link,.nav-account-item .account-btn,.nav-account-item .accounts-link{color:#0a0a0a;line-height:normal;text-transform:uppercase}.drawer-vertical-link:active,.drawer-vertical-link:link,.drawer-vertical-link:visited,.nav-account-item .account-btn:active,.nav-account-item .account-btn:link,.nav-account-item .account-btn:visited,.nav-account-item .accounts-link:active,.nav-account-item .accounts-link:link,.nav-account-item .accounts-link:visited{color:#0a0a0a}.nav-account-item .account-btn.disable-account-dropdown{pointer-events:none}.ins-drawer-button-area{cursor:pointer;display:flex;height:30px;justify-content:center;left:-5px;position:absolute;width:30px}.drawer-dropdown-button{align-items:center;align-self:center;background:none;border:none;display:flex;height:2px;justify-content:center;left:0;position:relative;transition:transform .4s ease-in-out;width:14px}.drawer-dropdown-button:after,.drawer-dropdown-button:before{background:#002aff;content:"";display:inline-block;position:absolute}.drawer-dropdown-button:before{height:2px;opacity:1;transition:opacity .3s ease-in-out;width:14px}.drawer-dropdown-button:after{height:14px;width:2px}.drawer-dropdown-button.drawer-dropdown-button--active{transform:rotate(90deg)}.drawer-dropdown-button.drawer-dropdown-button--active:before{opacity:0}.drawer-sub-verticals{height:0;overflow:hidden;padding-top:18.5px;transition:height .3s ease-in-out}.drawer-sub-verticals.ip-sub-verticals{padding-top:0}.drawer-sub-vertical-link{display:block;font-size:14px;letter-spacing:.3px;padding:45px 0 0 54px}.drawer-sub-vertical-link:active,.drawer-sub-vertical-link:link,.drawer-sub-vertical-link:visited{color:#0a0a0a}.svg-icon.nav-icon.drawer-icon{height:16.5px;width:auto}.nav-account-item{margin-top:54px}.nav-account-item:first-child{margin-top:0}.nav-account-item.account-btn-logged-in{display:none;margin-top:32px}.nav-account-item.account-btn-logged-in .account-btn{cursor:default}.nav-account-item.accounts-list-container{margin-bottom:-22px;margin-top:36px;padding:0}.nav-account-item .nav-account-item-container{align-items:center;display:flex;justify-content:space-between}.nav-account-item .account-btn{align-items:center;cursor:pointer;display:flex;flex-grow:1}.nav-account-item .account-btn .account-btn-label{padding-left:40px}.nav-account-item .account-btn-label,.nav-account-item .accounts-link{font-size:13px;letter-spacing:normal;text-transform:none}.nav-account-item .accounts-listitem{background-color:#f9fafb;height:auto;line-height:1;padding:0 30px 0 86px}.nav-account-item .accounts-listitem .accounts-link{margin:0;padding:32px 0}.nav-account-item .accounts-listitem:first-child .accounts-link{padding-top:28px}.nav-account-item .accounts-listitem:last-child .accounts-link{padding-bottom:28px}.unified-drawer .nav-account-item .account-btn,.unified-drawer .nav-account-item .accounts-link{line-height:1}.drawer-pfi,.drawer-reviews{height:auto;left:auto;opacity:0;transform:translateY(-100%);z-index:1000}.drawer-pfi.drawer--active,.drawer-reviews.drawer--active{height:100%;opacity:1;transform:translateY(0)}.drawer-pfi .drawer-list,.drawer-reviews .drawer-list{min-height:100%;padding:57px 0 45px}.drawer-pfi .drawer-list-item,.drawer-reviews .drawer-list-item{margin:0}.drawer-pfi .drawer-list-item[data-drawer-list-item-reviews],.drawer-reviews .drawer-list-item[data-drawer-list-item-reviews]{cursor:pointer}.drawer-pfi .drawer-vertical,.drawer-reviews .drawer-vertical{display:block;padding:0 15px}.drawer-pfi .drawer-vertical-link-container,.drawer-reviews .drawer-vertical-link-container{align-items:center;border-bottom:1px solid rgba(0,0,0,.17);display:flex;height:56px;justify-content:space-between;padding:0;transition:border-bottom-color .25s}.drawer-pfi .drawer-list-item:last-child .drawer-vertical>.drawer-vertical-link-container,.drawer-reviews .drawer-list-item:last-child .drawer-vertical>.drawer-vertical-link-container{border-bottom:none}.drawer-pfi .drawer-list-item-reviews--active .drawer-vertical-link-container,.drawer-reviews .drawer-list-item-reviews--active .drawer-vertical-link-container{border-bottom-color:transparent}.drawer-pfi .ins-drawer-button-area,.drawer-reviews .ins-drawer-button-area{position:static}.drawer-pfi .drawer-dropdown-button:after,.drawer-pfi .drawer-dropdown-button:before,.drawer-reviews .drawer-dropdown-button:after,.drawer-reviews .drawer-dropdown-button:before{content:none}.drawer-pfi .drawer-dropdown-button.drawer-dropdown-button--active,.drawer-reviews .drawer-dropdown-button.drawer-dropdown-button--active{transform:rotate(180deg)}.drawer-pfi .drawer-sub-verticals,.drawer-reviews .drawer-sub-verticals{background-color:#f4f4f4;list-style:none;padding:0 15px}.drawer-pfi .drawer-logo,.drawer-reviews .drawer-logo{border-bottom:1px solid rgba(0,0,0,.17);padding:15px}.drawer-pfi .drawer-logo .svg-icon,.drawer-reviews .drawer-logo .svg-icon{display:flex;height:25px;max-width:200px}.drawer-pfi .drawer-sub-vertical-link,.drawer-reviews .drawer-sub-vertical-link{border-bottom:1px solid rgba(0,0,0,.17);padding:12px 0}.drawer-pfi .drawer-sub-vertical-link,.drawer-pfi .drawer-vertical-link,.drawer-reviews .drawer-sub-vertical-link,.drawer-reviews .drawer-vertical-link{font-size:16px;letter-spacing:.25px;text-transform:capitalize}.drawer-pfi .login-container .account-btn,.drawer-reviews .login-container .account-btn{padding:20px 15px}.drawer-pfi .login-container .account-btn-label,.drawer-pfi .login-container .account-icon,.drawer-reviews .login-container .account-btn-label,.drawer-reviews .login-container .account-icon{height:18px;overflow:hidden;vertical-align:bottom;width:18px}.drawer-pfi .login-container .account-btn-label,.drawer-reviews .login-container .account-btn-label{font-size:12px;margin-left:10px}.drawer-pfi .unified-dropdown-reviews-pfi-container,.drawer-reviews .unified-dropdown-reviews-pfi-container{height:100%}@media (min-width:600px){.drawer{left:-445px;overflow-y:scroll;width:395px}.drawer.drawer--active{transform:translate3d(445px,0,0)}.drawer-pfi,.drawer-reviews{display:none}}@media (min-width:960px){.close-icon-clickable-area:hover .ins-drawer-close-icon .close-icon-path{stroke:#002aff}.drawer-vertical-link:hover,.nav-account-item .account-btn:hover,.nav-account-item .accounts-link:hover{color:#002aff}.ins-drawer-button-area:hover .drawer-dropdown-button:after,.ins-drawer-button-area:hover .drawer-dropdown-button:before{background:#02c}.drawer-sub-vertical-link:hover{color:#002aff}.nav-account-item .accounts-listitem{padding:0 30px 0 96px}.nav-account-item .account-btn:hover .account-icon-path{fill:#002aff}}@media (min-width:1260px){.drawer{left:-485px;overflow-y:scroll;width:435px}.drawer.drawer--active{transform:translate3d(485px,0,0)}.nav-account-item .accounts-listitem{padding:0 30px 0 116px}}.drawer-pfi .account-link,.drawer-reviews .account-link{background-color:#fff;border-top:1px solid rgba(0,0,0,.17);bottom:0;position:sticky;width:100%}.drawer-pfi .logout-container .option-button,.drawer-reviews .logout-container .option-button{background-color:#fff;border:0;color:#0a0a0a;cursor:pointer;display:flex;font-size:12px;padding:19px 15px;width:100%}.drawer-pfi .logout-container .option-button .icon-container,.drawer-reviews .logout-container .option-button .icon-container{height:22px;justify-content:center;margin-right:10px;width:22px}.drawer-pfi .logout-container .option-button.active,.drawer-reviews .logout-container .option-button.active{background-color:#e7f1ff;color:#002aff;stroke:#002aff}.drawer-pfi .logout-container .option-button.active:hover,.drawer-reviews .logout-container .option-button.active:hover{color:#02c}.drawer-pfi .logout-container .option-button:active,.drawer-pfi .logout-container .option-button:hover,.drawer-reviews .logout-container .option-button:active,.drawer-reviews .logout-container .option-button:hover{color:#002aff}.account-icon-component .account-icon-loader{bottom:0;left:-10px;position:absolute;top:0;width:1px}.account-icon-component a.account-text-logged-in{font-size:11px;letter-spacing:.24px;margin-right:13px}.sharebar{align-self:start;display:flex}.is-enhanced .sharebar{align-self:center;margin-top:8px}.share-button-dropdown-wrapper{position:relative}.share-button .svg-icon{fill:#0a0a0a}.read-in-app-button,.save-button,.share-button{align-items:center;background:none;background-color:#fff;border:2px solid #fff;color:#0a0a0a;cursor:pointer;display:flex;font-size:.6875rem;line-height:135%;margin:0;outline:none;padding:6px 8px}.read-in-app-button:hover,.save-button:hover,.share-button:hover{background-color:#faf7f5;border-radius:16px;color:#0a0a0a}.read-in-app-button:focus,.save-button:focus,.share-button:focus{border:2px solid #002aff;border-radius:16px}.read-in-app-button:active,.read-in-app-button:focus:not(:focus-visible),.read-in-app-button:visited,.save-button:active,.save-button:focus:not(:focus-visible),.save-button:visited,.share-button:active,.share-button:focus:not(:focus-visible),.share-button:visited{border:2px solid #fff}.vertical-divider{background-color:#dde0e8;height:17.55px;margin:6px 8px;width:1px}.button-text{margin-left:8px}.save-button.share-icon-active .svg-icon.bookmark-icon{fill:#0a0a0a}.share-button.share-icon-active{background-color:#fff;border:2px solid #fff}.share-dropdown-menu.dropdown-menu{right:unset;top:45px}.share-dropdown-menu .dropdown-text{font-size:.625rem}@media (min-width:0)and (max-width:599px){.vertical-divider.with-audio{display:none}}@media (min-width:600px){.share-dropdown-menu.dropdown-menu{right:10px;top:40px}}@media (min-width:960px){.read-in-app-button,.save-button,.share-button{font-size:.75rem}}.sticky-toc{background:#fff;border-bottom:1px solid #0a0a0a;display:block;height:calc(100% + 1px);left:60px;opacity:0;pointer-events:none;position:absolute;transition:opacity .2s ease-in-out;width:calc(100% - 60px)}.sticky-toc .small-only{display:flex}.sticky-toc .small-only .sticky-toc-original-title{font-size:1.125rem}.sticky-toc .large-only{display:none}.sticky-toc.helpfulness-mobile-toc{border:none;border-top:1px solid #dde0e8;box-shadow:0 4px 4px rgba(0,0,0,.25);height:47px;left:0;top:95%;width:100%}.sticky-toc-toc-label{color:#76767a;font-size:.625rem;font-style:normal;letter-spacing:.26px;line-height:.875rem;text-transform:uppercase}.sticky-toc-toc-label:hover{text-decoration:underline}header.helpfulness-masthead.js-show-helpfulness-mobile-toc.is-scrolled .sticky-toc,header.is-scrolled:not(.helpfulness-masthead) .sticky-toc{opacity:1;pointer-events:auto}header.helpfulness-masthead.js-show-helpfulness-mobile-toc.is-scrolled.js-helpfulness-drawer--active .sticky-toc{opacity:0;pointer-events:none}.sticky-toc-big-title{display:none}.sticky-toc-big-title .sticky-toc-title{color:#0a0a0a;font-size:1rem;letter-spacing:.2px}.sticky-toc-dropdown-button{align-items:center;cursor:pointer;display:flex;height:44px;justify-content:center;line-height:.875rem}.sticky-toc-title-wrapper{align-items:center;display:flex;font-size:.625rem;height:100%;justify-content:flex-end;margin:0 auto;max-width:960px;padding:0 20px;position:relative}.sticky-toc-title-wrapper.helpfulness-mobile-toc{justify-content:space-between}.sticky-toc-arrow{margin-left:8px;position:relative;top:2px;transition:all .25s}.toc-anchor{scroll-margin-top:110px}a.sticky-toc-link{border-radius:2px;color:#0a0a0a;display:block;font-size:.625rem;font-weight:600;line-height:.875rem;margin:12px 0;padding:8px 14px}a.sticky-toc-link--active,a.sticky-toc-link:hover:not(.helpfulness-mobile-toc){background-color:#0a0a0a;color:#fff}a.sticky-toc-link--active:hover{background-color:#0a0a0a}a.sticky-toc-link.helpfulness-mobile-toc{font-size:.875rem;font-weight:400;padding:12px 15px}a.sticky-toc-link.helpfulness-mobile-toc:hover{color:#76767a}.hide-menu .sticky-toc-dropdown{display:none}.sticky-toc:not(.hide-menu) .sticky-toc-arrow{top:-1px;transform:rotate(180deg)}.sticky-toc-border{background:#0a0a0a;bottom:-1px;height:1px;left:-60px;position:absolute;width:60px}.sticky-toc-dropdown{background:#fff;border:1px solid #0a0a0a;border-bottom-left-radius:2px;border-bottom-right-radius:2px;border-top:none;margin:0;max-height:400px;max-width:280px;overflow:auto;padding:5px 18px 10px;position:absolute;right:15px;top:71px}.sticky-toc-dropdown li{list-style:none}.sticky-toc-dropdown.helpfulness-mobile-toc{border:none;box-shadow:0 4px 4px rgba(0,0,0,.25);max-height:360px;max-width:none;padding-left:5px;right:0;top:30px;width:100vw}.toc-header-element:before{bottom:0;content:"";display:block;height:90px;margin-top:-90px;position:relative;width:0}.sticky-toc-aside-wrapper{display:none}.helpfulness-mobile-toc-title{display:flex}.helpfulness-mobile-toc-jump-to{font-size:.6875rem;margin-bottom:5px;margin-top:2px;padding-right:10px}.helpfulness-mobile-toc-section{border-left:1px solid #cecece;font-size:.875rem;padding-left:10px}.sticky-toc:not(.hide-menu) .helpfulness-mobile-toc-section{display:none}@media (min-width:600px){.sticky-toc.helpfulness-mobile-toc{top:78%}.toc-anchor{scroll-margin-top:150px}}@media (min-width:960px){.sticky-toc{border-top:1px solid #dde0e8;height:59px;left:0;top:71px;width:100%}.sticky-toc .small-only{display:none}.sticky-toc .large-only{display:flex}.sticky-toc-big-title{display:block;font-size:1.125rem;left:18px;position:absolute;top:14px}.sticky-toc-title-wrapper{position:unset}.toc-anchor{scroll-margin-top:90px}a.sticky-toc-link{font-size:.625rem;line-height:1.2rem;padding:12px 14px}.sticky-toc-dropdown{max-width:370px;padding:10px 22px 14px;top:57px}.sticky-toc-dropdown.helpfulness-mobile-toc{padding-bottom:0;padding-left:max((100vw - 946px)/2);padding-top:0}.toc-header-element:before{height:150px;margin-top:-150px}.helpfulness-mobile-toc-jump-to{line-height:.975rem;margin-top:4px}}@media (min-width:960px)and (max-width:1259px){.sticky-toc:not(.helpfulness-mobile-toc):after{background:#fff;border-bottom:1px solid #0a0a0a;content:"";display:block;height:57px;left:-150px;position:absolute;top:1px;width:1260px;z-index:-1}}@media (min-width:1260px){.sticky-toc-title-wrapper{max-width:1260px}.sticky-toc{display:none}.sticky-toc-post-wrapper{display:flex}.sticky-toc-post-wrapper .sticky-toc-aside-wrapper{background:#fff;display:block;margin:24px 32px 0 0;width:174px;z-index:1}.sticky-toc-post-wrapper .sticky-toc-aside{height:calc(100vh - 110px);list-style:none;margin-bottom:50px;overflow-y:scroll;padding-bottom:50px;padding-left:0;position:sticky;scrollbar-width:none;top:max(110px,var(--sticky-top))}.sticky-toc-post-wrapper .sticky-toc-aside::-webkit-scrollbar{display:none}.sticky-toc-post-wrapper .sticky-toc-aside li{margin:0}.sticky-toc-post-wrapper .slideshow-container{margin-top:0}.post-content.with-sticky-toc-aside{margin:0}.sticky-toc-link.toc-aside{font-size:.75rem;letter-spacing:.2px;line-height:1.0625rem;margin:8px 0;padding:8px 6px}#l-content.is-right-rail.content-with-sticky-toc{max-width:809px!important}body.with-sticky-toc .image-figure-image.breakout,body.with-sticky-toc .image-figure-image.image-figure-float-left,body.with-sticky-toc .image-spread,body.with-sticky-toc blockquote.pullquote-wrapper .pullquote-quotation,body.with-sticky-toc es-blockquote blockquote:not(.pullquote-right) .pullquote-quotation{background-color:#fff;box-shadow:-640px -30px 30px #fff,-640px 30px 30px #fff;z-index:2}body.with-sticky-toc .image-figure-image.image-figure-float-left{box-shadow:-40px -30px 30px #fff,-40px 30px 30px #fff}body.with-sticky-toc .image-figure-image.breakout,body.with-sticky-toc .image-figure-image.image-figure-float-left,body.with-sticky-toc .image-spread{position:relative}#l-main-content.is-enhanced .sticky-toc-post-wrapper{justify-content:space-between}#l-main-content.is-enhanced .sticky-toc-post-wrapper:after{content:"";margin:24px 0 0 32px;width:174px}}@media (min-width:1260px)and (min-width:960px){.sticky-toc-post-wrapper .sticky-toc-aside-wrapper{margin-top:18px}}.hidden,body.is-content-locked .category-tagline,body.is-content-locked .inline-newsletter-signup,body.is-content-locked footer{display:none}.l-footer{background-color:#fff;display:block;padding:0 0 35px}.l-footer.gradient{position:relative}.l-footer.gradient:before{background:linear-gradient(1turn,#fff 35.75%,hsla(0,0%,100%,0) 136.29%);content:"";display:block;height:225px;position:absolute;top:-225px;width:100%}.l-footer.paywall-drawer-visible{padding-bottom:0}.l-footer.gradient .container,.l-footer.paywall-drawer-visible .container{display:none}.l-footer-container{border-top:1px solid #cecece;font-size:14px;padding:24px 0 0;width:100%}.l-footer-bottom-shim{border-top:1px solid #cecece;margin:30px 0 0;padding-top:23px}.l-footer-container .brands{display:block}.l-footer-container .brands-social .social-link{margin:0 12px}.legacy-logos{flex-direction:column}.legacy-logo-row,.legacy-logos{display:flex;justify-content:center}.legacy-logo-row{margin:0;text-align:center}.insider-com-logo{margin-right:12px;width:92px}.insider-com-logo .lazy-holder .lazy-image{height:16px}.insider-inc-logo{margin-left:12px;width:77px}.insider-inc-logo .lazy-holder .lazy-image{height:16px}.insider-logo{margin:16px 0;width:80px}.social-link .lazy-holder{height:24px}.social-wide .social-link:hover .lazy-image{filter:brightness(0) saturate(100%) invert(47%) sepia(6%) saturate(215%) hue-rotate(201deg) brightness(96%) contrast(79%)}@media (min-width:600px){.l-footer{background-color:#fff;display:block;height:auto;padding:0 0 35px}}@media (min-width:960px){.l-footer{padding:0 0 56px}.l-footer-container{padding:0}.l-footer-container .brands{display:flex;margin:24px 0}.legacy-logo-row-container{align-items:center;display:flex;flex-direction:row;justify-content:center;margin-top:16px}.insider-logo{margin:0 24px 0 0}}.jumper{background-color:#fff;border:none;border-radius:3px;box-shadow:0 0 0 1px rgba(9,30,66,.08),0 2px 10px rgba(9,30,66,.08),0 0 20px -4px rgba(9,30,66,.31);display:flex;flex-direction:column;left:0;margin:10px;padding:10px 15px;position:fixed;top:-200px;transition:transform .3s cubic-bezier(.2,0,0,1) 0s;width:150px;z-index:5999999}.jumper ol{list-style-type:none;margin-bottom:0;padding-left:15px}.jumper a{color:#0a0a0a}.jumper a:focus-visible{color:#002aff}.jumper.active{transform:translateY(200px)}</style></head> <body data-site-id="bi" data-id="personal-finance/mortgages/average-mortgage-payment" class=" with-sticky-toc" > <div class="prebid-helper" data-continent-code="AS"> </div> <header class="layout-masthead masthead masthead-bi masthead-type-post has-sticky-toc helpfulness-masthead js-show-helpfulness-mobile-toc masthead-pfi" data-header data-e2e-name="l-masthead" data-track-page-area="Header" data-component-type="masthead" data-load-strategy="disable-lazy" > <div class="container masthead-container masthead helpfulness-masthead-container"> <div class="masthead-container-row"> <div class="linkset-wrapper menu-container masthead" > <div class="logo logo-vertically-center helpfulness-logo-container"> <a href="/" class="logo-vertically-center-link masthead-location-1 secondary-logo" data-track-click="{"product_field":"logo","event":"navigation","element_name":"masthead","click_text":"Business Insider"}" > <svg class="svg-icon logo-stacked " xmlns="http://www.w3.org/2000/svg" width="930" height="320" viewBox="0 0 930 320" > <title>Business Insider logo</title> <g class="logo-stacked-path" fill="#0a0a0a" fill-rule="evenodd"> <path d="M.4 3.1h62.7c34.9 0 53.1 18 53.1 40.2 0 15.3-8.6 25.7-20.6 31.1v.4c15.3 5.5 23.9 17.6 23.9 33.1 0 22.1-17 41.5-53.9 41.5H.4V3.1zm60.7 58c10.4 0 15.1-5.3 15.1-11.2s-4.7-11.4-15.1-11.4H42.7V61h18.4zm.6 52.9c11 0 16.3-5.3 16.3-12.1s-5.5-12.1-16.1-12.1H42.7V114h19zm66.8-24.1V3.1h42.7v86.4c0 16.3 8 24.9 21.7 24.9s22.3-8.6 22.3-25.1V3.1h42.9v86.8c0 36.8-24.7 63.3-65.2 63.3s-64.4-26.5-64.4-63.3zm238.4-79.7v37.6c-9.2-6.5-24.9-11-37.6-11-11.6 0-17.4 3.7-17.4 8.6s6.5 7.4 18 11.6c19.6 6.9 46.2 16.1 46.2 47.2 0 27.8-21 48.4-57.8 48.4-19 0-36.4-5.5-47.2-12.7v-39.6c10.6 8.6 26.6 15.5 42.1 15.5 13.1 0 19.2-4.9 19.2-10.4 0-7.1-10-10.2-21.9-14.5C294.8 85.2 270 75 270 46.6 269.9 21 290.1 0 326.1 0c15.9 0 30.2 4.1 40.8 10.2zM387 3.1h42.7v146.3H387V3.1zm194.5 146.4h-40.7L488.1 71h-.2v78.5h-40.5V3.1h40.7l52.7 77.2h.2V3.1h40.5v146.4zM599.2 3.1h101.1v38h-58.4v17.6h52.5v34.5h-52.5v18.2h58.4v38H599.2V3.1zm208.2 7.1v37.6c-9.2-6.5-24.9-11-37.6-11-11.6 0-17.4 3.7-17.4 8.6s6.5 7.4 18 11.6c19.6 6.9 46.2 16.1 46.2 47.2 0 27.8-21 48.4-57.8 48.4-19 0-36.4-5.5-47.2-12.7v-39.6c10.6 8.6 26.6 15.5 42.1 15.5 13.1 0 19.2-4.9 19.2-10.4 0-7.1-10-10.2-21.9-14.5-15.7-5.7-40.5-15.9-40.5-44.3C710.4 21 730.6 0 766.6 0c15.9 0 30.2 4.1 40.8 10.2zm113 0v37.6c-9.2-6.5-24.9-11-37.6-11-11.6 0-17.4 3.7-17.4 8.6s6.5 7.4 18 11.6c19.6 6.9 46.2 16.1 46.2 47.2 0 27.8-21 48.4-57.8 48.4-19 0-36.4-5.5-47.2-12.7v-39.6c10.6 8.6 26.6 15.5 42.1 15.5 13.1 0 19.2-4.9 19.2-10.4 0-7.1-10-10.2-21.9-14.5-15.7-5.7-40.5-15.9-40.5-44.3C823.4 21 843.6 0 879.6 0c15.9 0 30.2 4.1 40.8 10.2zM94.1 316.9h42.7V170.6H94.1v146.3zm194.5-146.3H248v77.2h-.2l-52.7-77.2h-40.7v146.3H195v-78.5h.2l52.7 78.5h40.7V170.6zm68.8-3.2c-36 0-56.2 21-56.2 46.6 0 28.4 24.9 38.6 40.5 44.3 12 4.3 21.9 7.4 21.9 14.5 0 5.5-6.1 10.4-19.2 10.4-15.5 0-31.5-6.9-42.1-15.5v39.6c10.8 7.2 28.2 12.7 47.2 12.7 36.8 0 57.8-20.6 57.8-48.4 0-31.1-26.6-40.4-46.2-47.2-11.6-4.1-18-6.5-18-11.6s5.9-8.6 17.4-8.6c12.7 0 28.4 4.5 37.6 11v-37.6c-10.6-6.1-24.9-10.2-40.7-10.2zm59.9 149.5H460V170.6h-42.7v146.3zm103-38.6h8.2c22.1 0 36.4-12.5 36.4-34.5s-14.3-34.7-36.4-34.7h-8.2v69.2zm87.8-34.5c0 44.1-33.3 73.1-81.1 73.1h-49.4V170.6H527c47.8 0 81.1 29.2 81.1 73.2zm11.5 73.1h101.1v-38h-58.4v-18.2h52.5v-34.5h-52.5v-17.6h58.4v-38H619.6v146.3zm168.3-77.2c10.8 0 19.2-5.1 19.2-15.3s-8.4-15.3-19.4-15.3h-9v30.6h9.2zm69.9 77.2h-50.3l-27.8-45.2h-1v45.2H736V170.6h52.1c36.6 0 62.1 16.3 62.1 50.9 0 13.7-6.1 33.7-30.4 43.9l38 51.5z"/> </g> </svg> </a> </div> </div> <div class="logo logo-vertically-center logo-primary helpfulness-logo-container"> <a href="/personal-finance" class="logo-vertically-center-link masthead-location-2" data-track-click="{"product_field":"logo","event":"navigation","element_name":"masthead","click_text":"Personal Finance"}" > <svg class="svg-icon nav-icon pfi " role="img" xmlns="http://www.w3.org/2000/svg" width="488" height="39" viewBox="0 0 488 39" > <title>Personal Finance</title> <path d="M.956 37.736V1.88h11.952c10.992 0 16.896 5.28 16.896 13.344 0 7.2-5.376 13.968-16.176 13.968H11.42v8.544H.956ZM11.42 19.928h2.688c2.832 0 5.136-1.488 5.136-4.32 0-2.832-2.304-4.272-5.232-4.272H11.42v8.592ZM32.856 37.736V1.88h24.768v9.312H43.32v4.32h12.864v8.448H43.32v4.464h14.304v9.312H32.856ZM62.083 37.736V1.88h12.768c8.976 0 15.216 3.984 15.216 12.48 0 3.36-1.488 8.256-7.44 10.752l9.312 12.624H79.603l-6.816-11.088h-.24v11.088H62.083Zm10.464-18.912h2.256c2.64 0 4.704-1.248 4.704-3.744 0-2.544-2.064-3.744-4.752-3.744h-2.208v7.488ZM107.266 1.112c3.888 0 7.392 1.008 9.984 2.496v9.216c-2.256-1.584-6.096-2.688-9.216-2.688-2.832 0-4.272.912-4.272 2.112 0 1.248 1.584 1.824 4.416 2.832 4.8 1.68 11.328 3.936 11.328 11.568 0 6.816-5.136 11.856-14.16 11.856-4.656 0-8.928-1.344-11.568-3.12v-9.696c2.592 2.112 6.528 3.792 10.32 3.792 3.216 0 4.704-1.2 4.704-2.544 0-1.728-2.448-2.496-5.376-3.552-3.84-1.392-9.936-3.888-9.936-10.848 0-6.288 4.944-11.424 13.776-11.424ZM140.443 29.144c4.32 0 8.496-3.36 8.496-9.36 0-5.952-4.176-9.312-8.496-9.312-4.368 0-8.496 3.36-8.496 9.312 0 6 4.128 9.36 8.496 9.36Zm-19.056-9.36c0-11.088 8.4-18.816 19.056-18.816 10.752 0 19.056 7.728 19.056 18.816s-8.304 18.864-19.056 18.864c-10.704 0-19.056-7.776-19.056-18.864ZM195.865 1.88v35.856h-9.984l-12.912-19.248h-.048v19.248h-9.936V1.88h9.984l12.912 18.912h.048V1.88h9.936ZM236.157 37.736h-10.896l-2.352-7.056h-11.856l-2.256 7.056h-10.848L210.861 1.88h12.144l13.152 35.856ZM213.741 22.28h6.384l-3.216-9.792-3.168 9.792ZM238.08 37.736V1.88h10.464v26.4h14.064v9.456H238.08ZM274.551 37.736V1.88h23.808v9.456h-13.344v6.288h12.336v8.832h-12.336v11.28h-10.464ZM302.372 37.736V1.88h10.464v35.856h-10.464ZM350.98 1.88v35.856h-9.984l-12.912-19.248h-.048v19.248H318.1V1.88h9.984l12.912 18.912h.048V1.88h9.936ZM391.272 37.736h-10.896l-2.352-7.056h-11.856l-2.256 7.056h-10.848L365.976 1.88h12.144l13.152 35.856ZM368.856 22.28h6.384l-3.216-9.792-3.168 9.792ZM426.075 1.88v35.856h-9.984l-12.912-19.248h-.048v19.248h-9.936V1.88h9.984l12.912 18.912h.048V1.88h9.936ZM458.688 36.104c-2.784 1.392-6 2.496-10.128 2.496-10.416 0-18.96-7.632-18.96-18.768 0-11.184 8.544-18.864 18.96-18.864 4.128 0 7.344 1.104 10.128 2.496V13.64c-2.88-2.064-5.472-3.024-8.784-3.024-5.664 0-9.744 3.888-9.744 9.216 0 5.28 4.08 9.264 9.744 9.264 3.312 0 5.856-1.2 8.784-3.312v10.32ZM462.853 37.736V1.88h24.768v9.312h-14.304v4.32h12.864v8.448h-12.864v4.464h14.304v9.312h-24.768Z"/> </svg> <a href="https://www.businessinsider.com/"> <svg class="svg-icon logo-stacked masthead-logo" xmlns="http://www.w3.org/2000/svg" width="930" height="320" viewBox="0 0 930 320" > <title>Business Insider logo</title> <g class="logo-stacked-path" fill="#0a0a0a" fill-rule="evenodd"> <path d="M.4 3.1h62.7c34.9 0 53.1 18 53.1 40.2 0 15.3-8.6 25.7-20.6 31.1v.4c15.3 5.5 23.9 17.6 23.9 33.1 0 22.1-17 41.5-53.9 41.5H.4V3.1zm60.7 58c10.4 0 15.1-5.3 15.1-11.2s-4.7-11.4-15.1-11.4H42.7V61h18.4zm.6 52.9c11 0 16.3-5.3 16.3-12.1s-5.5-12.1-16.1-12.1H42.7V114h19zm66.8-24.1V3.1h42.7v86.4c0 16.3 8 24.9 21.7 24.9s22.3-8.6 22.3-25.1V3.1h42.9v86.8c0 36.8-24.7 63.3-65.2 63.3s-64.4-26.5-64.4-63.3zm238.4-79.7v37.6c-9.2-6.5-24.9-11-37.6-11-11.6 0-17.4 3.7-17.4 8.6s6.5 7.4 18 11.6c19.6 6.9 46.2 16.1 46.2 47.2 0 27.8-21 48.4-57.8 48.4-19 0-36.4-5.5-47.2-12.7v-39.6c10.6 8.6 26.6 15.5 42.1 15.5 13.1 0 19.2-4.9 19.2-10.4 0-7.1-10-10.2-21.9-14.5C294.8 85.2 270 75 270 46.6 269.9 21 290.1 0 326.1 0c15.9 0 30.2 4.1 40.8 10.2zM387 3.1h42.7v146.3H387V3.1zm194.5 146.4h-40.7L488.1 71h-.2v78.5h-40.5V3.1h40.7l52.7 77.2h.2V3.1h40.5v146.4zM599.2 3.1h101.1v38h-58.4v17.6h52.5v34.5h-52.5v18.2h58.4v38H599.2V3.1zm208.2 7.1v37.6c-9.2-6.5-24.9-11-37.6-11-11.6 0-17.4 3.7-17.4 8.6s6.5 7.4 18 11.6c19.6 6.9 46.2 16.1 46.2 47.2 0 27.8-21 48.4-57.8 48.4-19 0-36.4-5.5-47.2-12.7v-39.6c10.6 8.6 26.6 15.5 42.1 15.5 13.1 0 19.2-4.9 19.2-10.4 0-7.1-10-10.2-21.9-14.5-15.7-5.7-40.5-15.9-40.5-44.3C710.4 21 730.6 0 766.6 0c15.9 0 30.2 4.1 40.8 10.2zm113 0v37.6c-9.2-6.5-24.9-11-37.6-11-11.6 0-17.4 3.7-17.4 8.6s6.5 7.4 18 11.6c19.6 6.9 46.2 16.1 46.2 47.2 0 27.8-21 48.4-57.8 48.4-19 0-36.4-5.5-47.2-12.7v-39.6c10.6 8.6 26.6 15.5 42.1 15.5 13.1 0 19.2-4.9 19.2-10.4 0-7.1-10-10.2-21.9-14.5-15.7-5.7-40.5-15.9-40.5-44.3C823.4 21 843.6 0 879.6 0c15.9 0 30.2 4.1 40.8 10.2zM94.1 316.9h42.7V170.6H94.1v146.3zm194.5-146.3H248v77.2h-.2l-52.7-77.2h-40.7v146.3H195v-78.5h.2l52.7 78.5h40.7V170.6zm68.8-3.2c-36 0-56.2 21-56.2 46.6 0 28.4 24.9 38.6 40.5 44.3 12 4.3 21.9 7.4 21.9 14.5 0 5.5-6.1 10.4-19.2 10.4-15.5 0-31.5-6.9-42.1-15.5v39.6c10.8 7.2 28.2 12.7 47.2 12.7 36.8 0 57.8-20.6 57.8-48.4 0-31.1-26.6-40.4-46.2-47.2-11.6-4.1-18-6.5-18-11.6s5.9-8.6 17.4-8.6c12.7 0 28.4 4.5 37.6 11v-37.6c-10.6-6.1-24.9-10.2-40.7-10.2zm59.9 149.5H460V170.6h-42.7v146.3zm103-38.6h8.2c22.1 0 36.4-12.5 36.4-34.5s-14.3-34.7-36.4-34.7h-8.2v69.2zm87.8-34.5c0 44.1-33.3 73.1-81.1 73.1h-49.4V170.6H527c47.8 0 81.1 29.2 81.1 73.2zm11.5 73.1h101.1v-38h-58.4v-18.2h52.5v-34.5h-52.5v-17.6h58.4v-38H619.6v146.3zm168.3-77.2c10.8 0 19.2-5.1 19.2-15.3s-8.4-15.3-19.4-15.3h-9v30.6h9.2zm69.9 77.2h-50.3l-27.8-45.2h-1v45.2H736V170.6h52.1c36.6 0 62.1 16.3 62.1 50.9 0 13.7-6.1 33.7-30.4 43.9l38 51.5z"/> </g> </svg> </a> </a> </div> <div class="linkset-wrapper menu-container pfi-menu-container"> <div class="account-btn account-icon-component headline-semibold helpfulness-account-icon account-btn-not-logged-in masthead-icon " data-component-type="account-icon" data-load-strategy="exclude" data-accounts-list-icon data-track-click="{"click_text":"bi_value_unassigned","click_path":"bi_value_unassigned","product_field":"login","element_name":"masthead","event":"navigation"}" title="Understanding the Average Mortgage Payment" data-hide-name> <div class="account-icon-loader"></div> <a class="account-text-not-logged-in" role="button" > <svg class="svg-icon account-icon " role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 18 18" > <title>Account icon</title> <desc>An icon in the shape of a person's head and shoulders. It often indicates a user profile.</desc> <path class="account-icon-path" fill-rule="evenodd" clip-rule="evenodd" d="M9 0C6.23858 0 4 2.23858 4 5C4 7.76142 6.23858 10 9 10C11.7614 10 14 7.76142 14 5C14 2.23858 11.7614 0 9 0ZM6 5C6 3.34315 7.34315 2 9 2C10.6569 2 12 3.34315 12 5C12 6.65685 10.6569 8 9 8C7.34315 8 6 6.65685 6 5Z" fill="#0a0a0a"/> <path class="account-icon-path" d="M5 12C3.67392 12 2.40215 12.5268 1.46447 13.4645C0.526784 14.4021 0 15.6739 0 17V19C0 19.5523 0.447715 20 1 20C1.55228 20 2 19.5523 2 19V17C2 16.2043 2.31607 15.4413 2.87868 14.8787C3.44129 14.3161 4.20435 14 5 14H13C13.7956 14 14.5587 14.3161 15.1213 14.8787C15.6839 15.4413 16 16.2044 16 17V19C16 19.5523 16.4477 20 17 20C17.5523 20 18 19.5523 18 19V17C18 15.6739 17.4732 14.4021 16.5355 13.4645C15.5979 12.5268 14.3261 12 13 12H5Z" fill="#0a0a0a"/> </svg> </a> </div> <div class="account-btn account-icon-component headline-semibold helpfulness-account-icon account-btn-logged-in masthead-icon " data-component-type="account-icon" data-load-strategy="exclude" data-interaction-trigger="my-insider" data-accounts-list-icon data-track-click="{"click_text":"bi_value_unassigned","click_path":"bi_value_unassigned","product_field":"account_button","element_name":"masthead","event":"navigation"}" title="Understanding the Average Mortgage Payment" data-hide-name> <div class="account-icon-loader"></div> <a class="account-text-logged-in" role="button" > <svg class="svg-icon account-icon " role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 18 18" > <title>Account icon</title> <desc>An icon in the shape of a person's head and shoulders. It often indicates a user profile.</desc> <path class="account-icon-path" fill-rule="evenodd" clip-rule="evenodd" d="M9 0C6.23858 0 4 2.23858 4 5C4 7.76142 6.23858 10 9 10C11.7614 10 14 7.76142 14 5C14 2.23858 11.7614 0 9 0ZM6 5C6 3.34315 7.34315 2 9 2C10.6569 2 12 3.34315 12 5C12 6.65685 10.6569 8 9 8C7.34315 8 6 6.65685 6 5Z" fill="#0a0a0a"/> <path class="account-icon-path" d="M5 12C3.67392 12 2.40215 12.5268 1.46447 13.4645C0.526784 14.4021 0 15.6739 0 17V19C0 19.5523 0.447715 20 1 20C1.55228 20 2 19.5523 2 19V17C2 16.2043 2.31607 15.4413 2.87868 14.8787C3.44129 14.3161 4.20435 14 5 14H13C13.7956 14 14.5587 14.3161 15.1213 14.8787C15.6839 15.4413 16 16.2044 16 17V19C16 19.5523 16.4477 20 17 20C17.5523 20 18 19.5523 18 19V17C18 15.6739 17.4732 14.4021 16.5355 13.4645C15.5979 12.5268 14.3261 12 13 12H5Z" fill="#0a0a0a"/> </svg> </a> </div> <button class="menu-wrapper hamburger-btn" data-drawer-toggle="commerce" data-interaction-trigger="drawer" aria-label="Menu" aria-expanded="false" data-track-click="{"product_field":"hamburger_menu","event":"navigation","element_name":"masthead","click_text":"bi_value_unassigned","click_path":"bi_value_unassigned"}" > <span class="hamburger-line"></span> <span class="hamburger-line"></span> <span class="hamburger-line"></span> </button> </div> </div> </div> <nav class="sticky-toc js-sticky-toc-dropdown hide-menu headline-semibold helpfulness-mobile-toc" data-component-type="sticky-toc" > <div class="sticky-toc-title-wrapper helpfulness-mobile-toc" > <div class="helpfulness-mobile-toc-title"> <span class="helpfulness-mobile-toc-jump-to">JUMP TO</span> <span class="headline-regular helpfulness-mobile-toc-section">Section</span> </div> <div class="sticky-toc-dropdown-button js-sticky-toc-dropdown-button"> <span class="sticky-toc-arrow"><svg class="svg-icon chevron-icon " data-chevron-icon role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon" > <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#76767a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/> </svg></span> </div> <menu class="sticky-toc-dropdown helpfulness-mobile-toc"> <li> <a class="sticky-toc-link helpfulness-mobile-toc" href="#factors-influencing-mortgage-payments" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Factors influencing mortgage payments </a> </li> <li> <a class="sticky-toc-link helpfulness-mobile-toc" href="#average-payments-by-region" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Average payments by region </a> </li> <li> <a class="sticky-toc-link helpfulness-mobile-toc" href="#how-to-calculate-your-mortgage-payment" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > How to calculate your mortgage payment </a> </li> <li> <a class="sticky-toc-link helpfulness-mobile-toc" href="#tips-for-managing-your-mortgage-payment" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Tips for managing your mortgage payment </a> </li> <li> <a class="sticky-toc-link helpfulness-mobile-toc" href="#faqs" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > FAQs </a> </li> <li> <a class="sticky-toc-link helpfulness-mobile-toc" href="#methodology" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Methodology </a> </li> </menu> </div> </nav> <div class="sticky-toc-aside-wrapper"> <ul class="sticky-toc-aside js-sticky-toc-aside" data-component-type="sticky-toc"> <li> <a href="#factors-influencing-mortgage-payments" class="sticky-toc-link toc-aside headline-semibold" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Factors influencing mortgage payments </a> </li> <li> <a href="#average-payments-by-region" class="sticky-toc-link toc-aside headline-semibold" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Average payments by region </a> </li> <li> <a href="#how-to-calculate-your-mortgage-payment" class="sticky-toc-link toc-aside headline-semibold" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > How to calculate your mortgage payment </a> </li> <li> <a href="#tips-for-managing-your-mortgage-payment" class="sticky-toc-link toc-aside headline-semibold" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Tips for managing your mortgage payment </a> </li> <li> <a href="#faqs" class="sticky-toc-link toc-aside headline-semibold" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > FAQs </a> </li> <li> <a href="#methodology" class="sticky-toc-link toc-aside headline-semibold" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Methodology </a> </li> </ul> </div> </header> <nav class="component my-insider with-banner style-loading" data-my-insider data-component-type="my-insider" data-load-markup="my-insider/template" data-load-strategy="interaction" > <div class='my-insider-header'></div> <div class='my-insider-nav-and-content'></div> </nav> <section id="l-main-content" class="masthead " data-content > <div> <div class="hub-wrapper has-subnav hub-wrapper-helpfulness pfi"> <div class="vertical-title-wrapper"> <div class="hub-nav-wrapper"> <nav class="hub-nav style-loading" data-component-type="hub-nav" data-load-strategy="exclude" > <div class="hub-nav-link-container" data-hub-nav-link-container > <span class="hub-nav-link headline-semibold"> Get Started </span> <ul class="hub-nav-dropdown"> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/savings" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" > Savings </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/certificates-of-deposit" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" > CDs </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/checking-account" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" > Checking Accounts </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/student-loans" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" > Student Loans </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/credit-score" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" > Credit Scores </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/life-insurance" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" > Life Insurance </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/homeowners-insurance" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" > Homeowners Insurance </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/pet-insurance" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" > Pet Insurance </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/travel-insurance" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" > Travel Insurance </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/identity-protection" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" > Identity Theft Protection </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/credit-score/best-credit-monitoring-services" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" > Credit Monitoring </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/small-business" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" > Small Business Banking </a> </li> </ul> </div> <div class="hub-nav-link-container" data-hub-nav-link-container > <span class="hub-nav-link headline-semibold"> Featured Reviews </span> <ul class="hub-nav-dropdown"> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/banking/cash-back-debit-cards" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" > Cash Back Debit Cards </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/banking/raisin-review" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" > Raisin Review </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/banking/sofi-checking-savings-review" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" > SoFi Checking and Saving </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/banking/cit-bank-review" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" > CIT Bank Review </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/banking/chime-bank-review" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" > Chime Checking Account </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/banking/ufb-direct-banking-review" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" > UFB Direct Bank </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/credit-cards/discover-it-cash-back-card-review" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" > Discover it Cash Back Credit Card </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/credit-cards/chase-sapphire-preferred-card-review" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" > Chase Sapphire Preferred Credit Card </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/travel-insurance/squaremouth-travel-insurance-review" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" > SquareMouth Travel Insurance </a> </li> </ul> </div> <div class="hub-nav-link-container" data-hub-nav-link-container > <a class="hub-nav-link headline-semibold data-hub-nav-link" href="https://www.businessinsider.com/personal-finance/credit-cards" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" > Credit Cards </a> <ul class="hub-nav-dropdown"> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/credit-cards/best-credit-cards" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" > Best Credit Cards </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/credit-cards/best-cash-back-credit-cards" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" > Best Cash Back Credit Cards </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/credit-cards/best-rewards-credit-cards" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" > Best Rewards Credit Cards </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/credit-cards/best-travel-rewards-credit-cards" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" > Best Travel Credit Cards </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/credit-cards/best-zero-interest-credit-cards" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" > Best 0% APR Credit Cards </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/credit-cards/best-balance-transfer-credit-cards" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" > Best Balance Transfer Credit Cards </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/credit-cards/best-starter-credit-cards" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" > Best First Credit Cards </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/credit-cards/best-small-business-credit-card" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" > Best Business Credit Cards </a> </li> </ul> </div> <div class="hub-nav-link-container" data-hub-nav-link-container > <a class="hub-nav-link headline-semibold data-hub-nav-link" href="https://www.businessinsider.com/personal-finance/insurance" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" > Insurance </a> <ul class="hub-nav-dropdown"> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/auto-insurance/best-car-insurance-companies" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" > Best Car Insurance </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/homeowners-insurance/best-homeowners-insurance-companies" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" > Best Homeowners Insurance </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/life-insurance/best-life-insurance-companies" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" > Best Life Insurance </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/pet-insurance/best-pet-insurance" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" > Best Pet Insurance </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/homeowners-insurance/best-renters-insurance-companies" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" > Best Renters Insurance </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/travel-insurance/best-travel-insurance-companies" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" > Best Travel Insurance </a> </li> </ul> </div> <div class="hub-nav-link-container" data-hub-nav-link-container > <a class="hub-nav-link headline-semibold data-hub-nav-link" href="https://www.businessinsider.com/personal-finance/banking" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" > Banking </a> <ul class="hub-nav-dropdown"> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/banking/best-high-yield-savings-accounts-rates-right-now" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" > Best Savings Accounts </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/banking/best-checking-accounts" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" > Best Checking Accounts </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/banking/best-money-market-accounts" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" > Best Money Market Accounts </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/banking/who-has-the-best-cd-rates-right-now" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" > Best CD Rates </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/banking/best-bank-account-bonuses" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" > Best Bank Account Bonuses </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/banking/best-banks" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" > Best Banks </a> </li> </ul> </div> <div class="hub-nav-link-container" data-hub-nav-link-container > <a class="hub-nav-link headline-semibold data-hub-nav-link" href="https://www.businessinsider.com/personal-finance/loans" data-track-click="{"product_field":"pfi_loans","event":"navigation","element_name":"helpfulness_navbar"}" > Loans </a> <ul class="hub-nav-dropdown"> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/personal-loans/best-personal-loans" data-track-click="{"product_field":"pfi_loans","event":"navigation","element_name":"helpfulness_navbar"}" > Best personal loans </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/personal-loans/best-debt-consolidation-loans" data-track-click="{"product_field":"pfi_loans","event":"navigation","element_name":"helpfulness_navbar"}" > Best debt consolidation loans </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/personal-loans/best-personal-loans-bad-credit" data-track-click="{"product_field":"pfi_loans","event":"navigation","element_name":"helpfulness_navbar"}" > Best Loans for Bad Credit </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/student-loans/best-private-student-loans" data-track-click="{"product_field":"pfi_loans","event":"navigation","element_name":"helpfulness_navbar"}" > Best Student Loans </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/student-loans/best-student-loan-refinance-companies" data-track-click="{"product_field":"pfi_loans","event":"navigation","element_name":"helpfulness_navbar"}" > Best Student Loan Refinance </a> </li> </ul> </div> <div class="hub-nav-link-container" data-hub-nav-link-container > <a class="hub-nav-link headline-semibold data-hub-nav-link" href="https://www.businessinsider.com/personal-finance/mortgages" data-track-click="{"product_field":"pfi_mortgages","event":"navigation","element_name":"helpfulness_navbar"}" > Mortgages </a> <ul class="hub-nav-dropdown"> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/mortgages/best-mortgage-lenders" data-track-click="{"product_field":"pfi_mortgages","event":"navigation","element_name":"helpfulness_navbar"}" > Best mortgage lenders </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/mortgages/best-mortgage-refinance-lenders" data-track-click="{"product_field":"pfi_mortgages","event":"navigation","element_name":"helpfulness_navbar"}" > Best mortgage refinance lenders </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/mortgages/best-lenders-for-fha-loans" data-track-click="{"product_field":"pfi_mortgages","event":"navigation","element_name":"helpfulness_navbar"}" > Best FHA Lenders </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/mortgages/best-heloc-lenders" data-track-click="{"product_field":"pfi_mortgages","event":"navigation","element_name":"helpfulness_navbar"}" > Best HELOC Lenders </a> </li> </ul> </div> <div class="hub-nav-link-container" data-hub-nav-link-container > <a class="hub-nav-link headline-semibold data-hub-nav-link" href="https://www.businessinsider.com/personal-finance/investing" data-track-click="{"product_field":"pfi_investing","event":"navigation","element_name":"helpfulness_navbar"}" > Investing </a> </div> <div class="hub-nav-link-container" data-hub-nav-link-container > <a class="hub-nav-link headline-semibold data-hub-nav-link" href="https://www.businessinsider.com/personal-finance/taxes" data-track-click="{"product_field":"pfi_taxes","event":"navigation","element_name":"helpfulness_navbar"}" > Taxes </a> </div> <div class="hub-nav-link-container" data-hub-nav-link-container > <a class="hub-nav-link headline-semibold data-hub-nav-link" href="https://www.businessinsider.com/personal-finance/retirement" data-track-click="{"product_field":"pfi_retirement","event":"navigation","element_name":"helpfulness_navbar"}" > Retirement </a> </div> <div class="hub-nav-link-container" data-hub-nav-link-container > <a class="hub-nav-link headline-semibold data-hub-nav-link" href="https://www.businessinsider.com/personal-finance/financial-planning" data-track-click="{"product_field":"pfi_financial_planning","event":"navigation","element_name":"helpfulness_navbar"}" > Financial Planning </a> </div> <div class="hub-nav-link-container hub-nav-link-container-more" data-hub-nav-link-container > <span class="hub-nav-link headline-semibold"> More </span> <ul class="hub-nav-dropdown"> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" > Get Started </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" > Featured Reviews </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/credit-cards" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" > Credit Cards </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/insurance" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" > Insurance </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/banking" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" > Banking </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/loans" data-track-click="{"product_field":"pfi_loans","event":"navigation","element_name":"helpfulness_navbar"}" > Loans </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/mortgages" data-track-click="{"product_field":"pfi_mortgages","event":"navigation","element_name":"helpfulness_navbar"}" > Mortgages </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/investing" data-track-click="{"product_field":"pfi_investing","event":"navigation","element_name":"helpfulness_navbar"}" > Investing </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/taxes" data-track-click="{"product_field":"pfi_taxes","event":"navigation","element_name":"helpfulness_navbar"}" > Taxes </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/retirement" data-track-click="{"product_field":"pfi_retirement","event":"navigation","element_name":"helpfulness_navbar"}" > Retirement </a> </li> <li class="hub-nav-dropdown-link-container"> <a class="hub-nav-dropdown-link headline-regular " href="https://www.businessinsider.com/personal-finance/financial-planning" data-track-click="{"product_field":"pfi_financial_planning","event":"navigation","element_name":"helpfulness_navbar"}" > Financial Planning </a> </li> </ul> </div> </nav> </div> </div> </div> <back-to-top class="component back-to-top loading " aria-label="Back to Top" data-component-type="back-to-top" data-load-strategy="defer" data-analytics-product-module="back-to-top" > <svg role="img" xmlns="http://www.w3.org/2000/svg" class="back-to-top-chevron" viewBox="0 0 22 14" > <title>Back to Top</title> <desc> A white circle with a black border surrounding a chevron pointing up. It indicates 'click here to go back to the top of the page.' </desc> <g> <path d="M21.8032 11.1044C21.8228 11.124 21.8291 11.1383 21.8291 11.1383C21.8291 11.1383 21.8333 11.1486 21.8333 11.1686C21.8333 11.1794 21.8319 11.188 21.8319 11.188L21.8306 11.1923C21.8306 11.1923 21.826 11.2041 21.8032 11.227L19.3999 13.6307C19.3802 13.6504 19.366 13.6566 19.366 13.6566C19.366 13.6566 19.3558 13.6608 19.3358 13.6608C19.3251 13.6608 19.3165 13.6594 19.3165 13.6594L19.3123 13.6581C19.3123 13.6581 19.3086 13.6565 19.3035 13.653C19.2983 13.6494 19.2893 13.6424 19.2774 13.6305L10.9998 5.35778L2.72235 13.6366C2.70253 13.6564 2.6874 13.6632 2.6874 13.6632C2.6874 13.6632 2.67883 13.6667 2.66416 13.6667C2.65345 13.6667 2.64449 13.6651 2.64449 13.6651L2.63801 13.6632C2.63801 13.6632 2.62068 13.6557 2.59413 13.6306L0.1968 11.2328C0.173942 11.21 0.169374 11.1982 0.169374 11.1982L0.168134 11.1939C0.168134 11.1939 0.16666 11.1852 0.16666 11.1744C0.16666 11.1637 0.168184 11.1547 0.168184 11.1547L0.17016 11.1481C0.17016 11.1481 0.177722 11.1307 0.202842 11.1042L10.9361 0.363253C10.9557 0.343738 10.9698 0.337576 10.9698 0.337576C10.9698 0.337576 10.98 0.333328 11 0.333328C11.0107 0.333328 11.0197 0.334845 11.0197 0.334845L11.0261 0.336801C11.0261 0.336801 11.0435 0.344327 11.07 0.369408L21.8032 11.1044Z" fill="white" /> </g> </svg> </back-to-top> <style> back-to-top.loading { display: none; } </style> <style>.drawer.style-loading {position: fixed; top: 0; bottom: 0; right: calc(-100% - 50px); visibility: hidden; z-index: -1; display: none;}</style> <nav class="component drawer style-loading drawer-pfi " data-drawer data-drawer-location="commerce" data-component-type="drawer" data-load-strategy="interaction"> <div class="unified-dropdown-reviews-pfi-container"> <ul class="drawer-list"> <div class="drawer-logo"> <a href=""> <svg class="svg-icon nav-icon pfi " role="img" xmlns="http://www.w3.org/2000/svg" width="488" height="39" viewBox="0 0 488 39" > <title>Personal Finance</title> <path d="M.956 37.736V1.88h11.952c10.992 0 16.896 5.28 16.896 13.344 0 7.2-5.376 13.968-16.176 13.968H11.42v8.544H.956ZM11.42 19.928h2.688c2.832 0 5.136-1.488 5.136-4.32 0-2.832-2.304-4.272-5.232-4.272H11.42v8.592ZM32.856 37.736V1.88h24.768v9.312H43.32v4.32h12.864v8.448H43.32v4.464h14.304v9.312H32.856ZM62.083 37.736V1.88h12.768c8.976 0 15.216 3.984 15.216 12.48 0 3.36-1.488 8.256-7.44 10.752l9.312 12.624H79.603l-6.816-11.088h-.24v11.088H62.083Zm10.464-18.912h2.256c2.64 0 4.704-1.248 4.704-3.744 0-2.544-2.064-3.744-4.752-3.744h-2.208v7.488ZM107.266 1.112c3.888 0 7.392 1.008 9.984 2.496v9.216c-2.256-1.584-6.096-2.688-9.216-2.688-2.832 0-4.272.912-4.272 2.112 0 1.248 1.584 1.824 4.416 2.832 4.8 1.68 11.328 3.936 11.328 11.568 0 6.816-5.136 11.856-14.16 11.856-4.656 0-8.928-1.344-11.568-3.12v-9.696c2.592 2.112 6.528 3.792 10.32 3.792 3.216 0 4.704-1.2 4.704-2.544 0-1.728-2.448-2.496-5.376-3.552-3.84-1.392-9.936-3.888-9.936-10.848 0-6.288 4.944-11.424 13.776-11.424ZM140.443 29.144c4.32 0 8.496-3.36 8.496-9.36 0-5.952-4.176-9.312-8.496-9.312-4.368 0-8.496 3.36-8.496 9.312 0 6 4.128 9.36 8.496 9.36Zm-19.056-9.36c0-11.088 8.4-18.816 19.056-18.816 10.752 0 19.056 7.728 19.056 18.816s-8.304 18.864-19.056 18.864c-10.704 0-19.056-7.776-19.056-18.864ZM195.865 1.88v35.856h-9.984l-12.912-19.248h-.048v19.248h-9.936V1.88h9.984l12.912 18.912h.048V1.88h9.936ZM236.157 37.736h-10.896l-2.352-7.056h-11.856l-2.256 7.056h-10.848L210.861 1.88h12.144l13.152 35.856ZM213.741 22.28h6.384l-3.216-9.792-3.168 9.792ZM238.08 37.736V1.88h10.464v26.4h14.064v9.456H238.08ZM274.551 37.736V1.88h23.808v9.456h-13.344v6.288h12.336v8.832h-12.336v11.28h-10.464ZM302.372 37.736V1.88h10.464v35.856h-10.464ZM350.98 1.88v35.856h-9.984l-12.912-19.248h-.048v19.248H318.1V1.88h9.984l12.912 18.912h.048V1.88h9.936ZM391.272 37.736h-10.896l-2.352-7.056h-11.856l-2.256 7.056h-10.848L365.976 1.88h12.144l13.152 35.856ZM368.856 22.28h6.384l-3.216-9.792-3.168 9.792ZM426.075 1.88v35.856h-9.984l-12.912-19.248h-.048v19.248h-9.936V1.88h9.984l12.912 18.912h.048V1.88h9.936ZM458.688 36.104c-2.784 1.392-6 2.496-10.128 2.496-10.416 0-18.96-7.632-18.96-18.768 0-11.184 8.544-18.864 18.96-18.864 4.128 0 7.344 1.104 10.128 2.496V13.64c-2.88-2.064-5.472-3.024-8.784-3.024-5.664 0-9.744 3.888-9.744 9.216 0 5.28 4.08 9.264 9.744 9.264 3.312 0 5.856-1.2 8.784-3.312v10.32ZM462.853 37.736V1.88h24.768v9.312h-14.304v4.32h12.864v8.448h-12.864v4.464h14.304v9.312h-24.768Z"/> </svg> </a> </div> <li class="drawer-list-item" data-drawer-list-item data-drawer-list-item-reviews > <div class="drawer-vertical"> <div class="drawer-vertical-link-container"> <a href="" class="drawer-vertical-link headline-semibold" data-vertical-listitem="Get Started" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" >Get Started</a> <div class="ins-drawer-button-area"> <button class="drawer-dropdown-button" aria-label="Open or close dropdown" > <svg class="svg-icon arrow-up-icon " xmlns="http://www.w3.org/2000/svg" width="12" height="8" viewBox="0 0 12 8" > <title>Angle down icon</title> <desc>An icon in the shape of an angle pointing down.</desc> <path d="M11.3281 0.792709C11.1874 0.796035 11.0537 0.854817 10.9562 0.95625L5.99996 5.9125L1.04371 0.95625C0.994011 0.90516 0.934574 0.864549 0.868913 0.836818C0.803251 0.809086 0.732698 0.794796 0.661421 0.794792C0.555323 0.79482 0.451644 0.826488 0.363639 0.885749C0.275634 0.94501 0.207301 1.02917 0.167378 1.12747C0.127454 1.22577 0.117753 1.33374 0.139515 1.43758C0.161277 1.54143 0.213513 1.63642 0.289546 1.71042L5.62288 7.04375C5.7229 7.14374 5.85854 7.1999 5.99996 7.1999C6.14139 7.1999 6.27702 7.14374 6.37705 7.04375L11.7104 1.71042C11.7878 1.63594 11.841 1.5398 11.8629 1.43459C11.8848 1.32939 11.8744 1.22003 11.833 1.12084C11.7917 1.02164 11.7214 0.937245 11.6313 0.878694C11.5412 0.820144 11.4355 0.790174 11.3281 0.792709V0.792709Z" fill="currentColor"/> </svg> </button> </div> </div> </div> <ul class="drawer-sub-verticals ip-sub-verticals" data-drawer-sub-verticals > <li> <a href="https://www.businessinsider.com/personal-finance/savings" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" >Savings</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/certificates-of-deposit" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" >CDs</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/checking-account" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" >Checking Accounts</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/student-loans" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" >Student Loans</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/credit-score" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" >Credit Scores</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/life-insurance" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" >Life Insurance</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/homeowners-insurance" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" >Homeowners Insurance</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/pet-insurance" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" >Pet Insurance</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/travel-insurance" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" >Travel Insurance</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/identity-protection" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" >Identity Theft Protection</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/credit-score/best-credit-monitoring-services" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" >Credit Monitoring</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/small-business" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"get_started","event":"navigation","element_name":"helpfulness_navbar"}" >Small Business Banking</a> </li> </ul> </li> <li class="drawer-list-item" data-drawer-list-item data-drawer-list-item-reviews > <div class="drawer-vertical"> <div class="drawer-vertical-link-container"> <a href="" class="drawer-vertical-link headline-semibold" data-vertical-listitem="Featured Reviews" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" >Featured Reviews</a> <div class="ins-drawer-button-area"> <button class="drawer-dropdown-button" aria-label="Open or close dropdown" > <svg class="svg-icon arrow-up-icon " xmlns="http://www.w3.org/2000/svg" width="12" height="8" viewBox="0 0 12 8" > <title>Angle down icon</title> <desc>An icon in the shape of an angle pointing down.</desc> <path d="M11.3281 0.792709C11.1874 0.796035 11.0537 0.854817 10.9562 0.95625L5.99996 5.9125L1.04371 0.95625C0.994011 0.90516 0.934574 0.864549 0.868913 0.836818C0.803251 0.809086 0.732698 0.794796 0.661421 0.794792C0.555323 0.79482 0.451644 0.826488 0.363639 0.885749C0.275634 0.94501 0.207301 1.02917 0.167378 1.12747C0.127454 1.22577 0.117753 1.33374 0.139515 1.43758C0.161277 1.54143 0.213513 1.63642 0.289546 1.71042L5.62288 7.04375C5.7229 7.14374 5.85854 7.1999 5.99996 7.1999C6.14139 7.1999 6.27702 7.14374 6.37705 7.04375L11.7104 1.71042C11.7878 1.63594 11.841 1.5398 11.8629 1.43459C11.8848 1.32939 11.8744 1.22003 11.833 1.12084C11.7917 1.02164 11.7214 0.937245 11.6313 0.878694C11.5412 0.820144 11.4355 0.790174 11.3281 0.792709V0.792709Z" fill="currentColor"/> </svg> </button> </div> </div> </div> <ul class="drawer-sub-verticals ip-sub-verticals" data-drawer-sub-verticals > <li> <a href="https://www.businessinsider.com/personal-finance/banking/cash-back-debit-cards" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" >Cash Back Debit Cards</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/banking/raisin-review" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" >Raisin Review</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/banking/sofi-checking-savings-review" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" >SoFi Checking and Saving</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/banking/cit-bank-review" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" >CIT Bank Review</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/banking/chime-bank-review" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" >Chime Checking Account</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/banking/ufb-direct-banking-review" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" >UFB Direct Bank</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/credit-cards/discover-it-cash-back-card-review" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" >Discover it Cash Back Credit Card</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/credit-cards/chase-sapphire-preferred-card-review" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" >Chase Sapphire Preferred Credit Card</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/travel-insurance/squaremouth-travel-insurance-review" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"featured_reviews","event":"navigation","element_name":"helpfulness_navbar"}" >SquareMouth Travel Insurance</a> </li> </ul> </li> <li class="drawer-list-item" data-drawer-list-item data-drawer-list-item-reviews > <div class="drawer-vertical"> <div class="drawer-vertical-link-container"> <a href="https://www.businessinsider.com/personal-finance/credit-cards" class="drawer-vertical-link headline-semibold" data-vertical-listitem="Credit Cards" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" >Credit Cards</a> <div class="ins-drawer-button-area"> <button class="drawer-dropdown-button" aria-label="Open or close dropdown" > <svg class="svg-icon arrow-up-icon " xmlns="http://www.w3.org/2000/svg" width="12" height="8" viewBox="0 0 12 8" > <title>Angle down icon</title> <desc>An icon in the shape of an angle pointing down.</desc> <path d="M11.3281 0.792709C11.1874 0.796035 11.0537 0.854817 10.9562 0.95625L5.99996 5.9125L1.04371 0.95625C0.994011 0.90516 0.934574 0.864549 0.868913 0.836818C0.803251 0.809086 0.732698 0.794796 0.661421 0.794792C0.555323 0.79482 0.451644 0.826488 0.363639 0.885749C0.275634 0.94501 0.207301 1.02917 0.167378 1.12747C0.127454 1.22577 0.117753 1.33374 0.139515 1.43758C0.161277 1.54143 0.213513 1.63642 0.289546 1.71042L5.62288 7.04375C5.7229 7.14374 5.85854 7.1999 5.99996 7.1999C6.14139 7.1999 6.27702 7.14374 6.37705 7.04375L11.7104 1.71042C11.7878 1.63594 11.841 1.5398 11.8629 1.43459C11.8848 1.32939 11.8744 1.22003 11.833 1.12084C11.7917 1.02164 11.7214 0.937245 11.6313 0.878694C11.5412 0.820144 11.4355 0.790174 11.3281 0.792709V0.792709Z" fill="currentColor"/> </svg> </button> </div> </div> </div> <ul class="drawer-sub-verticals ip-sub-verticals" data-drawer-sub-verticals > <li> <a href="https://www.businessinsider.com/personal-finance/credit-cards/best-credit-cards" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" >Best Credit Cards</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/credit-cards/best-cash-back-credit-cards" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" >Best Cash Back Credit Cards</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/credit-cards/best-rewards-credit-cards" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" >Best Rewards Credit Cards</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/credit-cards/best-travel-rewards-credit-cards" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" >Best Travel Credit Cards</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/credit-cards/best-zero-interest-credit-cards" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" >Best 0% APR Credit Cards</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/credit-cards/best-balance-transfer-credit-cards" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" >Best Balance Transfer Credit Cards</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/credit-cards/best-starter-credit-cards" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" >Best First Credit Cards</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/credit-cards/best-small-business-credit-card" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_credit_cards","event":"navigation","element_name":"helpfulness_navbar"}" >Best Business Credit Cards</a> </li> </ul> </li> <li class="drawer-list-item" data-drawer-list-item data-drawer-list-item-reviews > <div class="drawer-vertical"> <div class="drawer-vertical-link-container"> <a href="https://www.businessinsider.com/personal-finance/insurance" class="drawer-vertical-link headline-semibold" data-vertical-listitem="Insurance" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" >Insurance</a> <div class="ins-drawer-button-area"> <button class="drawer-dropdown-button" aria-label="Open or close dropdown" > <svg class="svg-icon arrow-up-icon " xmlns="http://www.w3.org/2000/svg" width="12" height="8" viewBox="0 0 12 8" > <title>Angle down icon</title> <desc>An icon in the shape of an angle pointing down.</desc> <path d="M11.3281 0.792709C11.1874 0.796035 11.0537 0.854817 10.9562 0.95625L5.99996 5.9125L1.04371 0.95625C0.994011 0.90516 0.934574 0.864549 0.868913 0.836818C0.803251 0.809086 0.732698 0.794796 0.661421 0.794792C0.555323 0.79482 0.451644 0.826488 0.363639 0.885749C0.275634 0.94501 0.207301 1.02917 0.167378 1.12747C0.127454 1.22577 0.117753 1.33374 0.139515 1.43758C0.161277 1.54143 0.213513 1.63642 0.289546 1.71042L5.62288 7.04375C5.7229 7.14374 5.85854 7.1999 5.99996 7.1999C6.14139 7.1999 6.27702 7.14374 6.37705 7.04375L11.7104 1.71042C11.7878 1.63594 11.841 1.5398 11.8629 1.43459C11.8848 1.32939 11.8744 1.22003 11.833 1.12084C11.7917 1.02164 11.7214 0.937245 11.6313 0.878694C11.5412 0.820144 11.4355 0.790174 11.3281 0.792709V0.792709Z" fill="currentColor"/> </svg> </button> </div> </div> </div> <ul class="drawer-sub-verticals ip-sub-verticals" data-drawer-sub-verticals > <li> <a href="https://www.businessinsider.com/personal-finance/auto-insurance/best-car-insurance-companies" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" >Best Car Insurance</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/homeowners-insurance/best-homeowners-insurance-companies" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" >Best Homeowners Insurance</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/life-insurance/best-life-insurance-companies" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" >Best Life Insurance</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/pet-insurance/best-pet-insurance" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" >Best Pet Insurance</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/homeowners-insurance/best-renters-insurance-companies" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" >Best Renters Insurance</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/travel-insurance/best-travel-insurance-companies" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_insurance","event":"navigation","element_name":"helpfulness_navbar"}" >Best Travel Insurance</a> </li> </ul> </li> <li class="drawer-list-item" data-drawer-list-item data-drawer-list-item-reviews > <div class="drawer-vertical"> <div class="drawer-vertical-link-container"> <a href="https://www.businessinsider.com/personal-finance/banking" class="drawer-vertical-link headline-semibold" data-vertical-listitem="Banking" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" >Banking</a> <div class="ins-drawer-button-area"> <button class="drawer-dropdown-button" aria-label="Open or close dropdown" > <svg class="svg-icon arrow-up-icon " xmlns="http://www.w3.org/2000/svg" width="12" height="8" viewBox="0 0 12 8" > <title>Angle down icon</title> <desc>An icon in the shape of an angle pointing down.</desc> <path d="M11.3281 0.792709C11.1874 0.796035 11.0537 0.854817 10.9562 0.95625L5.99996 5.9125L1.04371 0.95625C0.994011 0.90516 0.934574 0.864549 0.868913 0.836818C0.803251 0.809086 0.732698 0.794796 0.661421 0.794792C0.555323 0.79482 0.451644 0.826488 0.363639 0.885749C0.275634 0.94501 0.207301 1.02917 0.167378 1.12747C0.127454 1.22577 0.117753 1.33374 0.139515 1.43758C0.161277 1.54143 0.213513 1.63642 0.289546 1.71042L5.62288 7.04375C5.7229 7.14374 5.85854 7.1999 5.99996 7.1999C6.14139 7.1999 6.27702 7.14374 6.37705 7.04375L11.7104 1.71042C11.7878 1.63594 11.841 1.5398 11.8629 1.43459C11.8848 1.32939 11.8744 1.22003 11.833 1.12084C11.7917 1.02164 11.7214 0.937245 11.6313 0.878694C11.5412 0.820144 11.4355 0.790174 11.3281 0.792709V0.792709Z" fill="currentColor"/> </svg> </button> </div> </div> </div> <ul class="drawer-sub-verticals ip-sub-verticals" data-drawer-sub-verticals > <li> <a href="https://www.businessinsider.com/personal-finance/banking/best-high-yield-savings-accounts-rates-right-now" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" >Best Savings Accounts</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/banking/best-checking-accounts" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" >Best Checking Accounts</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/banking/best-money-market-accounts" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" >Best Money Market Accounts</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/banking/who-has-the-best-cd-rates-right-now" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" >Best CD Rates</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/banking/best-bank-account-bonuses" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" >Best Bank Account Bonuses</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/banking/best-banks" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_banking","event":"navigation","element_name":"helpfulness_navbar"}" >Best Banks</a> </li> </ul> </li> <li class="drawer-list-item" data-drawer-list-item data-drawer-list-item-reviews > <div class="drawer-vertical"> <div class="drawer-vertical-link-container"> <a href="https://www.businessinsider.com/personal-finance/loans" class="drawer-vertical-link headline-semibold" data-vertical-listitem="Loans" data-track-click="{"product_field":"pfi_loans","event":"navigation","element_name":"helpfulness_navbar"}" >Loans</a> <div class="ins-drawer-button-area"> <button class="drawer-dropdown-button" aria-label="Open or close dropdown" > <svg class="svg-icon arrow-up-icon " xmlns="http://www.w3.org/2000/svg" width="12" height="8" viewBox="0 0 12 8" > <title>Angle down icon</title> <desc>An icon in the shape of an angle pointing down.</desc> <path d="M11.3281 0.792709C11.1874 0.796035 11.0537 0.854817 10.9562 0.95625L5.99996 5.9125L1.04371 0.95625C0.994011 0.90516 0.934574 0.864549 0.868913 0.836818C0.803251 0.809086 0.732698 0.794796 0.661421 0.794792C0.555323 0.79482 0.451644 0.826488 0.363639 0.885749C0.275634 0.94501 0.207301 1.02917 0.167378 1.12747C0.127454 1.22577 0.117753 1.33374 0.139515 1.43758C0.161277 1.54143 0.213513 1.63642 0.289546 1.71042L5.62288 7.04375C5.7229 7.14374 5.85854 7.1999 5.99996 7.1999C6.14139 7.1999 6.27702 7.14374 6.37705 7.04375L11.7104 1.71042C11.7878 1.63594 11.841 1.5398 11.8629 1.43459C11.8848 1.32939 11.8744 1.22003 11.833 1.12084C11.7917 1.02164 11.7214 0.937245 11.6313 0.878694C11.5412 0.820144 11.4355 0.790174 11.3281 0.792709V0.792709Z" fill="currentColor"/> </svg> </button> </div> </div> </div> <ul class="drawer-sub-verticals ip-sub-verticals" data-drawer-sub-verticals > <li> <a href="https://www.businessinsider.com/personal-finance/personal-loans/best-personal-loans" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_loans","event":"navigation","element_name":"helpfulness_navbar"}" >Best personal loans</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/personal-loans/best-debt-consolidation-loans" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_loans","event":"navigation","element_name":"helpfulness_navbar"}" >Best debt consolidation loans</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/personal-loans/best-personal-loans-bad-credit" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_loans","event":"navigation","element_name":"helpfulness_navbar"}" >Best Loans for Bad Credit</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/student-loans/best-private-student-loans" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_loans","event":"navigation","element_name":"helpfulness_navbar"}" >Best Student Loans</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/student-loans/best-student-loan-refinance-companies" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_loans","event":"navigation","element_name":"helpfulness_navbar"}" >Best Student Loan Refinance</a> </li> </ul> </li> <li class="drawer-list-item" data-drawer-list-item data-drawer-list-item-reviews > <div class="drawer-vertical"> <div class="drawer-vertical-link-container"> <a href="https://www.businessinsider.com/personal-finance/mortgages" class="drawer-vertical-link headline-semibold" data-vertical-listitem="Mortgages" data-track-click="{"product_field":"pfi_mortgages","event":"navigation","element_name":"helpfulness_navbar"}" >Mortgages</a> <div class="ins-drawer-button-area"> <button class="drawer-dropdown-button" aria-label="Open or close dropdown" > <svg class="svg-icon arrow-up-icon " xmlns="http://www.w3.org/2000/svg" width="12" height="8" viewBox="0 0 12 8" > <title>Angle down icon</title> <desc>An icon in the shape of an angle pointing down.</desc> <path d="M11.3281 0.792709C11.1874 0.796035 11.0537 0.854817 10.9562 0.95625L5.99996 5.9125L1.04371 0.95625C0.994011 0.90516 0.934574 0.864549 0.868913 0.836818C0.803251 0.809086 0.732698 0.794796 0.661421 0.794792C0.555323 0.79482 0.451644 0.826488 0.363639 0.885749C0.275634 0.94501 0.207301 1.02917 0.167378 1.12747C0.127454 1.22577 0.117753 1.33374 0.139515 1.43758C0.161277 1.54143 0.213513 1.63642 0.289546 1.71042L5.62288 7.04375C5.7229 7.14374 5.85854 7.1999 5.99996 7.1999C6.14139 7.1999 6.27702 7.14374 6.37705 7.04375L11.7104 1.71042C11.7878 1.63594 11.841 1.5398 11.8629 1.43459C11.8848 1.32939 11.8744 1.22003 11.833 1.12084C11.7917 1.02164 11.7214 0.937245 11.6313 0.878694C11.5412 0.820144 11.4355 0.790174 11.3281 0.792709V0.792709Z" fill="currentColor"/> </svg> </button> </div> </div> </div> <ul class="drawer-sub-verticals ip-sub-verticals" data-drawer-sub-verticals > <li> <a href="https://www.businessinsider.com/personal-finance/mortgages/best-mortgage-lenders" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_mortgages","event":"navigation","element_name":"helpfulness_navbar"}" >Best mortgage lenders</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/mortgages/best-mortgage-refinance-lenders" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_mortgages","event":"navigation","element_name":"helpfulness_navbar"}" >Best mortgage refinance lenders</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/mortgages/best-lenders-for-fha-loans" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_mortgages","event":"navigation","element_name":"helpfulness_navbar"}" >Best FHA Lenders</a> </li> <li> <a href="https://www.businessinsider.com/personal-finance/mortgages/best-heloc-lenders" class="drawer-sub-vertical-link headline-regular" data-track-click="{"product_field":"pfi_mortgages","event":"navigation","element_name":"helpfulness_navbar"}" >Best HELOC Lenders</a> </li> </ul> </li> <li class="drawer-list-item" data-drawer-list-item > <div class="drawer-vertical"> <div class="drawer-vertical-link-container"> <a href="https://www.businessinsider.com/personal-finance/investing" class="drawer-vertical-link headline-semibold" data-vertical-listitem="Investing" data-track-click="{"product_field":"pfi_investing","event":"navigation","element_name":"helpfulness_navbar"}" >Investing</a> </div> </div> <ul class="drawer-sub-verticals ip-sub-verticals" data-drawer-sub-verticals > </ul> </li> <li class="drawer-list-item" data-drawer-list-item > <div class="drawer-vertical"> <div class="drawer-vertical-link-container"> <a href="https://www.businessinsider.com/personal-finance/taxes" class="drawer-vertical-link headline-semibold" data-vertical-listitem="Taxes" data-track-click="{"product_field":"pfi_taxes","event":"navigation","element_name":"helpfulness_navbar"}" >Taxes</a> </div> </div> <ul class="drawer-sub-verticals ip-sub-verticals" data-drawer-sub-verticals > </ul> </li> <li class="drawer-list-item" data-drawer-list-item > <div class="drawer-vertical"> <div class="drawer-vertical-link-container"> <a href="https://www.businessinsider.com/personal-finance/retirement" class="drawer-vertical-link headline-semibold" data-vertical-listitem="Retirement" data-track-click="{"product_field":"pfi_retirement","event":"navigation","element_name":"helpfulness_navbar"}" >Retirement</a> </div> </div> <ul class="drawer-sub-verticals ip-sub-verticals" data-drawer-sub-verticals > </ul> </li> <li class="drawer-list-item" data-drawer-list-item > <div class="drawer-vertical"> <div class="drawer-vertical-link-container"> <a href="https://www.businessinsider.com/personal-finance/financial-planning" class="drawer-vertical-link headline-semibold" data-vertical-listitem="Financial Planning" data-track-click="{"product_field":"pfi_financial_planning","event":"navigation","element_name":"helpfulness_navbar"}" >Financial Planning</a> </div> </div> <ul class="drawer-sub-verticals ip-sub-verticals" data-drawer-sub-verticals > </ul> </li> </ul> <div class="account-link"> <div class="logout-container"> <div data-component-type="logout-button" > <button class="option-button logout-click" title='Log out' data-log-key="Log_out"> <div class="icon-container"> <svg width="22" height="22" viewBox="0 0 22 22" xmlns="http://www.w3.org/2000/svg" class="svg-icon " role="img" > <path fill="currentColor" d="m19.646 10.767-3.39-3.673a.269.269 0 0 0-.41 0l-.759.822a.32.32 0 0 0-.087.223c0 .086.029.162.087.223L16.598 10H8.3a.3.3 0 0 0-.3.3v1.4a.3.3 0 0 0 .3.3h8.283l-1.496 1.62c-.058.063-.087.137-.087.223s.029.162.087.223l.759.822a.269.269 0 0 0 .41 0l3.39-3.673a.319.319 0 0 0 .087-.226.318.318 0 0 0-.087-.222z"/> <path fill="currentColor" d="M3 3a1 1 0 0 1 1-1h8.7a.3.3 0 0 1 .3.3v1.4a.3.3 0 0 1-.3.3H5v14h7.7a.3.3 0 0 1 .3.3v1.4a.3.3 0 0 1-.3.3H4a1 1 0 0 1-1-1V3z"/> </svg> </div> <span class="headline-semibold">Log out</span> </button> </div> </div> <div class="login-container"> <div class="account-btn account-icon-component headline-semibold helpfulness-dropdown-account-btn-not-logged-in account-btn-not-logged-in " data-component-type="account-icon" data-load-strategy="exclude" data-accounts-list-icon data-track-click="{"click_text":"bi_value_unassigned","click_path":"bi_value_unassigned","product_field":"login","element_name":"hamburger_menu","event":"navigation"}" title="Login"> <div class="account-icon-loader"></div> <svg class="svg-icon account-icon " role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 18 18" > <title>Account icon</title> <desc>An icon in the shape of a person's head and shoulders. It often indicates a user profile.</desc> <path class="account-icon-path" fill-rule="evenodd" clip-rule="evenodd" d="M9 0C6.23858 0 4 2.23858 4 5C4 7.76142 6.23858 10 9 10C11.7614 10 14 7.76142 14 5C14 2.23858 11.7614 0 9 0ZM6 5C6 3.34315 7.34315 2 9 2C10.6569 2 12 3.34315 12 5C12 6.65685 10.6569 8 9 8C7.34315 8 6 6.65685 6 5Z" fill="#0a0a0a"/> <path class="account-icon-path" d="M5 12C3.67392 12 2.40215 12.5268 1.46447 13.4645C0.526784 14.4021 0 15.6739 0 17V19C0 19.5523 0.447715 20 1 20C1.55228 20 2 19.5523 2 19V17C2 16.2043 2.31607 15.4413 2.87868 14.8787C3.44129 14.3161 4.20435 14 5 14H13C13.7956 14 14.5587 14.3161 15.1213 14.8787C15.6839 15.4413 16 16.2044 16 17V19C16 19.5523 16.4477 20 17 20C17.5523 20 18 19.5523 18 19V17C18 15.6739 17.4732 14.4021 16.5355 13.4645C15.5979 12.5268 14.3261 12 13 12H5Z" fill="#0a0a0a"/> </svg> <span class="account-btn-label">Login</span> </div> </div> </div> </div></nav> </div> <section class="container mobile-padding"> <section class="row" role="main" > <section id="l-content" class="is-right-rail content-with-sticky-toc" data-track-page-area="Post" data-post-content > <section class="row"> <div class="col-12"> <article class=""> <section class="post-headline-wrapper " id="post-headline" > <div class="post-meta"> <span class="post-breadcrumbs headline-regular "> <a href="/personal-finance" class="" data-track-click="{"product_field":"Personal Finance","element_name":"breadcrumbs","event":"navigation"}" > Personal Finance </a> <svg class="svg-icon chevron-icon post-breadcrumbs-chevron rotate270" data-chevron-icon role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon" > <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#0a0a0a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/> </svg> <a href="/personal-finance/mortgages" class="" data-track-click="{"product_field":"Mortgages","element_name":"breadcrumbs","event":"navigation"}" > Mortgages </a> </span> </div> <h1 class="post-headline ">What is the Average Mortgage Payment?</h1> </section> <section class="byline-wrapper byline-wrapper-helpfulness "> <div class="byline " data-e2e-name="byline" > <div class="byline-content" data-e2e-name="byline-content" > <div class="byline-row"> <div class="byline-author-container"> <div class="byline-author headline-regular"> <span class="headline-regular">Written by</span> <span class="" data-e2e-name="Molly Grace" > <a class="byline-link byline-author-name" data-e2e-name="byline-author-name" href="https://www.businessinsider.com/author/molly-grace" >Molly Grace</a></span> and <span class="" data-e2e-name="Aly J. Yale" > <a class="byline-link byline-author-name" data-e2e-name="byline-author-name" href="https://www.businessinsider.com/author/aly-yale" >Aly J. Yale</a><span class="headline-regular">;</span></span> <span class="headline-regular">edited by</span> <a class="byline-link byline-author-name" href="https://www.businessinsider.com/author/sarah-silbert" >Sarah Silbert</a> </div> <time class="byline-timestamp headline-regular js-date-format" data-timestamp="2024-08-26T21:41:00Z" data-e2e-name="byline-timestamp" data-disable-relative-formatting > 2024-08-26T21:41:00Z </time> </div> </div> </div> </div> <section class="sharebar " data-component-type="share" data-location=""> <div class="share-button-dropdown-wrapper"> <button class="share-button sharebar-link headline-regular"><svg class="svg-icon share-icon " role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" fill="none" viewBox="0 0 12 12"> <defs/> <title>Share icon</title> <desc>An curved arrow pointing right.</desc> <path fill-rule="evenodd" d="M7.336 8.014l4.2-3.5-4.2-3.5v2.8h-2.54c-1.948 0-3.526 1.567-3.526 3.5v3.16h1.469v-3.16a2.05 2.05 0 012.056-2.042h2.54v2.742z" clip-rule="evenodd"/> </svg> <span class="button-text">Share</span> </button> <div class="share-dropdown-menu dropdown-menu"> <span class="dropdown-menu-item"> <span class="share-link facebook " data-facebook data-href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.businessinsider.com%2Fpersonal-finance%2Fmortgages%2Faverage-mortgage-payment&utmSource=facebook&utmContent=referral&utmTerm=topbar&referrer=facebook" label="facebook" title="Share on Facebook" aria-label="Click to share on Facebook" data-share-link data-flip-widget="" data-track-element="story" data-track-event-label="facebook" data-href-share="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.businessinsider.com%2Fpersonal-finance%2Fmortgages%2Faverage-mortgage-payment&utmSource=facebook&utmContent=referral&utmTerm=topbar&referrer=facebook" data-e2e-name="share-link-facebook" data-utm-term="" target="_blank" > <span class="dropdown-icon"><svg class="svg-icon social-facebook-icon " role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 24 24" aria-labelledby="Facebook" > <path fill="currentColor" d="M22 12.037C22 6.494 17.523 2 12 2S2 6.494 2 12.037c0 4.707 3.229 8.656 7.584 9.741v-6.674H7.522v-3.067h2.062v-1.322c0-3.416 1.54-5 4.882-5 .634 0 1.727.125 2.174.25v2.78a12.807 12.807 0 0 0-1.155-.037c-1.64 0-2.273.623-2.273 2.244v1.085h3.266l-.561 3.067h-2.705V22C18.163 21.4 22 17.168 22 12.037Z"/> </svg></span> <span class="dropdown-text headline-regular">Facebook</span> </span> </span> <span class="dropdown-menu-item"> <a class="share-link email " data-email data-share-link href="mailto:?subject=What is the Average Mortgage Payment?&body=What%20is%20the%20Average%20Mortgage%20Payment%3F%0D%0A%0D%0Ahttps%3A%2F%2Fwww.businessinsider.com%2Fpersonal-finance%2Fmortgages%2Faverage-mortgage-payment&" label="email" title="Email" aria-label="Click to email" data-track-event-label="email" data-href-share="mailto:?subject=What is the Average Mortgage Payment?&body=What%20is%20the%20Average%20Mortgage%20Payment%3F%0D%0A%0D%0Ahttps%3A%2F%2Fwww.businessinsider.com%2Fpersonal-finance%2Fmortgages%2Faverage-mortgage-payment&" data-e2e-name="share-link-email" data-utm-term="" data-track-element="story" > <span class="dropdown-icon"><svg class="svg-icon email-icon " role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewbox="0.5 1 15 14" aria-labelledby="Email" > <path class="email" fill="currentColor" d="M1.4 4c0-.7.567-1.267 1.267-1.267h10.667c.7 0 1.266.567 1.266 1.267v8c0 .7-.566 1.267-1.266 1.267H2.667c-.7 0-1.267-.567-1.267-1.267V4Zm6.812 3.946L13.4 4.705v-.372a.4.4 0 0 0-.4-.4H3a.4.4 0 0 0-.4.4v.372l5.188 3.241a.4.4 0 0 0 .424 0Zm-.353 1.22L2.957 6.105a.233.233 0 0 0-.357.198v5.365c0 .22.18.4.4.4h10a.4.4 0 0 0 .4-.4V6.302a.233.233 0 0 0-.357-.198L8.142 9.167a.267.267 0 0 1-.283 0Z"/> </svg></span> <span class="dropdown-text headline-regular">Email</span> </a> </span> <span class="dropdown-menu-item"> <span class="twitter " data-twitter data-href="https://twitter.com/intent/tweet?text=What%20is%20the%20Average%20Mortgage%20Payment%3F&url=https%3A%2F%2Fwww.businessinsider.com%2Fpersonal-finance%2Fmortgages%2Faverage-mortgage-payment%3FutmSource%3Dtwitter%26utmContent%3Dreferral%26utmTerm%3Dtopbar%26referrer%3Dtwitter&via=businessinsider&utmSource=twitter&utmContent=referral&utmTerm=topbar&referrer=twitter" label="X" title="Share on X" aria-label="Click to share on X" data-share-link data-track-event-label="twitter" data-track-element="story" data-href-share="https://twitter.com/intent/tweet?text=What%20is%20the%20Average%20Mortgage%20Payment%3F&url=https%3A%2F%2Fwww.businessinsider.com%2Fpersonal-finance%2Fmortgages%2Faverage-mortgage-payment%3FutmSource%3Dtwitter%26utmContent%3Dreferral%26utmTerm%3Dtopbar%26referrer%3Dtwitter&via=businessinsider&utmSource=twitter&utmContent=referral&utmTerm=topbar&referrer=twitter" data-e2e-name="share-link-twitter" target="_blank" > <span class="dropdown-icon"><svg class="svg-icon social-x-icon " role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 24 24" aria-labelledby="X" > <path fill="currentColor" d="M17.751 3h3.067l-6.7 7.625L22 21h-6.172l-4.833-6.293L5.464 21h-3.07l7.167-8.155L2 3h6.328l4.37 5.752L17.75 3Zm-1.076 16.172h1.7L7.404 4.732H5.58l11.094 14.44Z"/> </svg></span> <span class="dropdown-text headline-regular">X</span> </span> </span> <span class="dropdown-menu-item"> <span class="linkedin " data-linkedin data-href="https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.businessinsider.com%2Fpersonal-finance%2Fmortgages%2Faverage-mortgage-payment&title=What%20is%20the%20Average%20Mortgage%20Payment%3F&summary=Learn%20about%20the%20factors%20influencing%20the%20average%20mortgage%20payment%20and%20how%20it%20varies%20across%20different%20regions.&mini=true&utmSource=linkedIn&utmContent=referral&utmTerm=topbar&referrer=linkedIn" label="linkedin" title="Share on LinkedIn" aria-label="Click to share on LinkedIn" data-share-link data-flip-widget="" data-track-event-label="linkedin" data-track-element="story" data-href-share="https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.businessinsider.com%2Fpersonal-finance%2Fmortgages%2Faverage-mortgage-payment&title=What%20is%20the%20Average%20Mortgage%20Payment%3F&summary=Learn%20about%20the%20factors%20influencing%20the%20average%20mortgage%20payment%20and%20how%20it%20varies%20across%20different%20regions.&mini=true&utmSource=linkedIn&utmContent=referral&utmTerm=topbar&referrer=linkedIn" data-e2e-name="share-link-linkedin" data-utm-term="" target="_blank" data-popup-size="975|720" > <span class="dropdown-icon"><svg class="svg-icon social-linkedin-icon " role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 24 24" aria-labelledby="LinkedIn" > <path fill="currentColor" fill-rule="evenodd" d="M4 2a2 2 0 0 0-2 2v16a2 2 0 0 0 2 2h16a2 2 0 0 0 2-2V4a2 2 0 0 0-2-2H4Zm4.339 4.606a1.627 1.627 0 1 1-3.254 0 1.627 1.627 0 0 1 3.254 0Zm-.221 2.867H5.13v9.335h2.988V9.473Zm4.517 0H9.662v9.335h2.943V13.91c0-2.729 3.461-2.982 3.461 0v4.9h2.849v-5.914c0-4.6-5.07-4.43-6.31-2.17l.03-1.252Z" clip-rule="evenodd"/></svg> </svg></span> <span class="dropdown-text headline-regular">LinkedIn</span> </span> </span> <span class="dropdown-menu-item"> <span class="copy-link " data-copy-link data-href="#" label="copy link" title="Copy link" aria-label="Click to copy link" data-share-link data-track-event-label="copy link" data-href-share="" data-e2e-name="share-link-copy-link" data-utm-term="" target="_blank" data-copy-location="" > <span class="dropdown-icon"><svg class="svg-icon link-icon " role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 400 400" > <path class="link" fill="currentColor" d="M176.1 341.5c-30.9 34-83.8 37-117.7 5-33.9-31-36.9-83.9-5-117.9l5-5 58.9-59-23.9-23.9-58.9 59c-45.9 46-45.9 119.9 0 165.9s119.7 46 165.7 0l58.9-59-23.9-23.9-59.1 58.8zM200 33.7l-58.9 59 23.9 23.9 58.9-58.9c32.9-32 85.8-31 117.7 2 30.9 32 30.9 83.9 0 115.9l-58.9 59 23.9 23.9 58.9-59c45.9-46 45.9-119.9 0-165.9-45.8-44.8-119.6-44.8-165.5.1m94.8 71c-7-7-17-7-23.9 0L212 163.6l-46.9 47-58.9 59c-7 7-7 17 0 23.9s17 7 23.9 0l58.9-59 46.9-47 58.9-59c5.9-6.9 5.9-16.9 0-23.8"/> </svg></span> <span class="dropdown-text headline-regular">Copy Link</span> </span> </span> <span class="dropdown-menu-item"> <span class="dropdown-menu-item hidden"> <span class="impact-link" data-impact-link data-href="#" label="impact link" title="impact link" aria-label="Click for impact link" data-share-link data-track-event-label="impact link" data-href-share="" data-e2e-name="share-link-impact-link" data-utm-term="" target="_blank" data-copy-location="" > <span class="dropdown-icon"> <svg class="" width="11" height="21" viewBox="0 0 11 21" fill="none" xmlns="http://www.w3.org/2000/svg" > <title>lighning bolt icon</title> <desc>An icon in the shape of a lightning bolt.</desc> <path class="lightning-bolt" d="M4.1245 0L0.25 9.996H4.4395L0.25 21L10.729 6.25275H6.01975L9.1855 0H4.1245Z" fill="#002aff"/> </svg> </span> <span class="dropdown-text headline-regular">Impact Link</span> </span> </span> </span> </div> </div> <div class="vertical-divider"></div> <button class="sharebar-link save-article save-button " label="save-article" title="Save Article" aria-label="Save this article" data-location="top" data-track-event-label="save-article" data-component-type="save-article" data-track-element="story" data-e2e-name="share-link-save-article" > <svg class="svg-icon bookmark-icon " role="img" width="1em" height="1em" viewBox="-1 0 14 14" fill="none" xmlns="http://www.w3.org/2000/svg" > <title>Save Article Icon</title> <desc>A bookmark</desc> <path class="save-article" d="M9.5 1.5C10.0523 1.5 10.5 1.94772 10.5 2.5L10.5 12.0642C10.5 12.2352 10.2992 12.3273 10.1696 12.2158L6.12484 8.73665C6.04978 8.67209 5.93878 8.67216 5.86381 8.73682L1.83061 12.2149C1.701 12.3267 1.5 12.2346 1.5 12.0634L1.5 2.5C1.5 1.94771 1.94772 1.5 2.5 1.5L9.5 1.5Z" stroke-width="1.5" stroke="currentColor" /> </svg> <span class="button-text headline-regular">Save</span> </button> <div class="vertical-divider d-md-none"></div> <a class="d-md-none read-in-app-button " data-app-button data-only-on="mobile" data-component-type="read-in-app-button" title="Download the app" aria-label="Click to download the app" data-track-event-label="app" target="_blank" href="https://insider-app.onelink.me/4cpG/?af_js_web=true&af_ss_ver=2_3_0&af_dp=insider%3A%2F%2Fbi%2Fpost%2Fpersonal-finance%2Fmortgages%2Faverage-mortgage-payment&af_force_deeplink=true&is_retargeting=true&deep_link_value=https%3A%2F%2Fwww.businessinsider.com%2Fpersonal-finance%2Fmortgages%2Faverage-mortgage-payment&pid=businessinsider&c=post_page_share_bar_v2_smart_4.13.23" > <svg class="mobile-icon" width="9" height="16" viewBox="0 0 9 16" fill="none" xmlns="http://www.w3.org/2000/svg" > <path fill-rule="evenodd" clip-rule="evenodd" d="M0.199951 2C0.199951 1.17157 0.871524 0.5 1.69995 0.5H7.27138C8.09981 0.5 8.77138 1.17157 8.77138 2V14C8.77138 14.8284 8.09981 15.5 7.27138 15.5H1.69995C0.871523 15.5 0.199951 14.8284 0.199951 14V2ZM5.55709 13.3571C5.55709 13.9489 5.0774 14.4286 4.48567 14.4286C3.89393 14.4286 3.41424 13.9489 3.41424 13.3571C3.41424 12.7654 3.89393 12.2857 4.48567 12.2857C5.0774 12.2857 5.55709 12.7654 5.55709 13.3571ZM7.43209 1.83929H1.53924V11.2143H7.43209V1.83929Z" fill="#0a0a0a"/> </svg> <span class="headline-regular button-text"> Read in app </span> </a></section> </section> <div class="col-12"> </div> <figure class="figure image-figure-image " data-type="img" data-e2e-name="image-figure-image" data-media-container="image" itemscope itemtype="https://schema.org/ImageObject" > <div class="aspect-ratio" style="padding-top: calc(100% / (1200 / 600))" > <meta itemprop="contentUrl" content="https://i.insider.com/64b1a9699751e300192a3090?width=700"/> <img src="https://i.insider.com/64b1a9699751e300192a3090?width=700" srcset="https://i.insider.com/64b1a9699751e300192a3090?width=400&format=jpeg&auto=webp 400w, https://i.insider.com/64b1a9699751e300192a3090?width=500&format=jpeg&auto=webp 500w, https://i.insider.com/64b1a9699751e300192a3090?width=700&format=jpeg&auto=webp 700w, https://i.insider.com/64b1a9699751e300192a3090?width=1000&format=jpeg&auto=webp 1000w" sizes="(min-width: 1280px) 900px" alt="A man and woman walk into a single-story, white house for sale to inquire about the price and mortgage payment.," decoding="async" /> </div> <span class="image-source-caption with-caption-drawer"> <input class="caption-drawer-input" type="checkbox" id="caption-drawer-checkbox"> <label class="caption-drawer-label" for="caption-drawer-btn"> <svg class="svg-icon arrow-up-icon caption-drawer-icon" xmlns="http://www.w3.org/2000/svg" width="12" height="8" viewBox="0 0 12 8" > <title>Angle down icon</title> <desc>An icon in the shape of an angle pointing down.</desc> <path d="M11.3281 0.792709C11.1874 0.796035 11.0537 0.854817 10.9562 0.95625L5.99996 5.9125L1.04371 0.95625C0.994011 0.90516 0.934574 0.864549 0.868913 0.836818C0.803251 0.809086 0.732698 0.794796 0.661421 0.794792C0.555323 0.79482 0.451644 0.826488 0.363639 0.885749C0.275634 0.94501 0.207301 1.02917 0.167378 1.12747C0.127454 1.22577 0.117753 1.33374 0.139515 1.43758C0.161277 1.54143 0.213513 1.63642 0.289546 1.71042L5.62288 7.04375C5.7229 7.14374 5.85854 7.1999 5.99996 7.1999C6.14139 7.1999 6.27702 7.14374 6.37705 7.04375L11.7104 1.71042C11.7878 1.63594 11.841 1.5398 11.8629 1.43459C11.8848 1.32939 11.8744 1.22003 11.833 1.12084C11.7917 1.02164 11.7214 0.937245 11.6313 0.878694C11.5412 0.820144 11.4355 0.790174 11.3281 0.792709V0.792709Z" fill="currentColor"/> </svg> </label> <figcaption class="image-caption headline-semibold" data-e2e-name="image-caption" > <span class="image-caption-text">The average monthly mortgage payment depends on where you live in the US.</span> <span class="image-source-text"> <span class="image-source headline-regular" data-e2e-name="image-source" itemprop="creditText" > AP Photo/Chuck Burton, File </span> </span> </figcaption> </span> </figure> <div class="typography sticky-toc-post-wrapper"> <nav class="sticky-toc js-sticky-toc-dropdown hide-menu headline-semibold helpfulness-mobile-toc" data-component-type="sticky-toc" > <div class="sticky-toc-title-wrapper helpfulness-mobile-toc" > <div class="helpfulness-mobile-toc-title"> <span class="helpfulness-mobile-toc-jump-to">JUMP TO</span> <span class="headline-regular helpfulness-mobile-toc-section">Section</span> </div> <div class="sticky-toc-dropdown-button js-sticky-toc-dropdown-button"> <span class="sticky-toc-arrow"><svg class="svg-icon chevron-icon " data-chevron-icon role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon" > <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#76767a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"/> </svg></span> </div> <menu class="sticky-toc-dropdown helpfulness-mobile-toc"> <li> <a class="sticky-toc-link helpfulness-mobile-toc" href="#factors-influencing-mortgage-payments" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Factors influencing mortgage payments </a> </li> <li> <a class="sticky-toc-link helpfulness-mobile-toc" href="#average-payments-by-region" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Average payments by region </a> </li> <li> <a class="sticky-toc-link helpfulness-mobile-toc" href="#how-to-calculate-your-mortgage-payment" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > How to calculate your mortgage payment </a> </li> <li> <a class="sticky-toc-link helpfulness-mobile-toc" href="#tips-for-managing-your-mortgage-payment" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Tips for managing your mortgage payment </a> </li> <li> <a class="sticky-toc-link helpfulness-mobile-toc" href="#faqs" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > FAQs </a> </li> <li> <a class="sticky-toc-link helpfulness-mobile-toc" href="#methodology" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Methodology </a> </li> </menu> </div> </nav> <div class="sticky-toc-aside-wrapper"> <ul class="sticky-toc-aside js-sticky-toc-aside" data-component-type="sticky-toc"> <li> <a href="#factors-influencing-mortgage-payments" class="sticky-toc-link toc-aside headline-semibold" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Factors influencing mortgage payments </a> </li> <li> <a href="#average-payments-by-region" class="sticky-toc-link toc-aside headline-semibold" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Average payments by region </a> </li> <li> <a href="#how-to-calculate-your-mortgage-payment" class="sticky-toc-link toc-aside headline-semibold" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > How to calculate your mortgage payment </a> </li> <li> <a href="#tips-for-managing-your-mortgage-payment" class="sticky-toc-link toc-aside headline-semibold" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Tips for managing your mortgage payment </a> </li> <li> <a href="#faqs" class="sticky-toc-link toc-aside headline-semibold" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > FAQs </a> </li> <li> <a href="#methodology" class="sticky-toc-link toc-aside headline-semibold" data-track-click="{"product_field":"sticky","event":"navigation","element_name":"table_of_contents","click_path":"bi_value_unassigned"}" > Methodology </a> </li> </ul> </div> <div> <section class="post-content typography with-sticky-toc-aside pfi-post" data-track-content="" data-post-type="post" > <div id="piano-inline-content-wrapper" data-piano-inline-content-wrapper data-user-status="anonymous" > <div data-component-type="content-lock" data-load-strategy="exclude"> <div class="content-lock-content"> <p class="headline-regular financial-disclaimer">Affiliate links for the products on this page are from partners that compensate us (see our <a href="https://www.businessinsider.com/personal-finance/our-partners" class="not-content-link" target="_blank" data-analytics-product-module="body_link" rel="">advertiser disclosure with our list of partners</a> for more details). However, our opinions are our own. See <a href="https://www.businessinsider.com/personal-finance/mortgages/how-we-evaluate-mortgage-lenders" class="not-content-link" target="_blank" data-analytics-product-module="body_link" rel="">how we rate mortgages</a> to write unbiased product reviews.</p><p></p> <div class="table-of-contents table-of-contents-sticky" data-analytics-module="jump-to" data-type="custom"></div><ul class="summary-list"> <li>The average mortgage payment is $2,715 on a 30-year fixed mortgage and $3,552 on a 15-year fixed mortgage.</li> <li>The median payment, a more accurate measure, is $2,617, according to the Mortgage Bankers Association.</li> <li>Be sure to think about other monthly costs you'll need to pay, including insurance, property taxes, utilities, and HOA fees.</li> </ul><p>According to Business Insider's calculations using data from the U.S. Census Bureau, the Department of Housing and Urban Development, Freddie Mac, and the National Association of Realtors, the average mortgage payment in the U.S. is $2,715 on a 30-year fixed mortgage, and $3,552 on a 15-year fixed mortgage. You can see the full methodology at the end of this post.</p><p>However, averages can be skewed by payments that are atypically low or high. This means it's often not the most accurate depiction of what the typical U.S. homeowner actually pays. A better measure of this is the median, which represents the middle number in a data set.  </p><p>The median monthly cost of homeownership in the U.S. is $2,167 per month, according to the most recent data from the Mortgage Bankers Association. </p><p>Keep in mind that this cost includes only the monthly principal and interest payments. Other necessary costs like <a href="https://www.businessinsider.com/personal-finance/homeowners-insurance/best-homeowners-insurance-companies" data-analytics-product-module="body_link" rel="">homeowners insurance</a>, HOA fees, and property taxes — often called escrow costs — are typically added to your payment too, though these vary widely by location.</p><h2 data-toc-label="Factors influencing mortgage payments" id="factors-influencing-mortgage-payments" class="toc-anchor">Factors influencing mortgage payments</h2><p>Mortgage payments are different for everyone. Factors affecting mortgage payments include: </p><h3>Interest rates</h3><p>Your <a href="https://www.businessinsider.com/personal-finance/mortgages/average-mortgage-interest-rate" data-analytics-product-module="body_link" rel="">mortgage interest rate</a> will play a huge role in how much you pay each month. Typically, lenders give the best interest rates to borrowers with <a href="https://www.businessinsider.com/personal-finance/credit-score/what-is-an-excellent-credit-score" data-analytics-product-module="body_link" rel="">high credit scores</a>, as this indicates they pay their bills on time and manage their debts responsibly. </p><h3>Loan term</h3><p>Your loan term is a factor, too. A longer loan term will mean smaller payments, as it spreads the balance of your loan out over more months. A shorter loan term will give you bigger monthly payments. </p><h3>Down payment</h3><p>Like some other types of loans, a mortgage requires a <a href="https://www.businessinsider.com/personal-finance/mortgages/how-much-down-payment-for-a-house" data-analytics-product-module="body_link" rel="">down payment</a>. If you don't have a 20% down payment for the house you're purchasing, you'll add to the cost of your monthly mortgage payment with <a href="https://www.businessinsider.com/personal-finance/mortgages/pmi-private-mortgage-insurance" data-analytics-product-module="body_link" rel="">private mortgage insurance</a>, or PMI. The higher your down payment, the lower your mortgage will be each month.</p><h3>Property taxes and insurance</h3><p>If your mortgage includes an escrow account, you'll pay for two costs each month in your monthly mortgage payment: <a href="https://www.businessinsider.com/personal-finance/mortgages/property-tax-by-state" data-analytics-product-module="body_link" rel="">property taxes</a> and home insurance. These costs can vary quite a bit depending on your insurance company, where you're located, and the size of your house.</p><p>If you owe mortgage insurance on your loan, this will also be paid as part of your monthly mortgage payment. </p><h2 data-toc-label="Average payments by region" id="average-payments-by-region" class="toc-anchor">Average mortgage payments by region</h2><p>Because home prices differ so much across locations, average mortgage payments are different, too. See below for how payments can vary across the country.</p><h3>National average</h3><p>Based on current mortgage rates and home sales data, the average payment on a 30-year fixed mortgage is $2,715 and $3,552 on a 15-year fixed mortgage.</p><h3>Regional mortgage payment differences</h3><p>Home prices are highest in the Northeast, so mortgage payments are much bigger there. They're lowest in the Midwest. Here are average payments broken down by region (using the methodology noted at the bottom of this article):</p><div class="horizontal-scroll"><table style="height: 110px; width: 100%; border-collapse: collapse;" border="1" cellpadding="10px" class="table-content"><tbody class="table-content-body"><tr style="height: 22px;"><td style="width: 33.3333%; height: 22px;" class="headline-regular headline-semibold">Region</td><td style="width: 33.3333%; height: 22px;" class="headline-regular headline-semibold">30-year mortgage payment</td><td style="width: 33.3333%; height: 22px;" class="headline-regular headline-semibold">15-year mortgage payment</td></tr><tr style="height: 22px;"><td style="width: 33.3333%; height: 22px;" class="headline-regular headline-semibold">Northeast</td><td style="width: 33.3333%; height: 22px;" class="headline-regular">$5,184</td><td style="width: 33.3333%; height: 22px;" class="headline-regular">$6,782</td></tr><tr style="height: 22px;"><td style="width: 33.3333%; height: 22px;" class="headline-regular headline-semibold">Midwest</td><td style="width: 33.3333%; height: 22px;" class="headline-regular">$2,348</td><td style="width: 33.3333%; height: 22px;" class="headline-regular">$3,072</td></tr><tr style="height: 22px;"><td style="width: 33.3333%; height: 22px;" class="headline-regular headline-semibold">South</td><td style="width: 33.3333%; height: 22px;" class="headline-regular">$2,429</td><td style="width: 33.3333%; height: 22px;" class="headline-regular">$3,178</td></tr><tr style="height: 22px;"><td style="width: 33.3333%; height: 22px;" class="headline-regular headline-semibold">West</td><td style="width: 33.3333%; height: 22px;" class="headline-regular">$3,324</td><td style="width: 33.3333%; height: 22px;" class="headline-regular">$4,348</td></tr></tbody></table></div><h3>Urban vs. rural areas</h3><p>Home prices in urban areas tend to be much higher than those in more rural communities, so you can typically expect higher mortgage payments, too. For example, the median home price for Austin, Texas is $550,000, according to Redfin. But if you buy in a more rural part of Texas,  like Nacogdoches, for instance, you'll pay just half that. </p><h2 data-toc-label="How to calculate your mortgage payment" id="how-to-calculate-your-mortgage-payment" class="toc-anchor">How to calculate your mortgage payment</h2><p>Knowing what your mortgage payment will be is critical to determining <a href="https://www.businessinsider.com/personal-finance/mortgages/how-much-house-can-i-afford" data-analytics-product-module="body_link" rel="">how much house you can afford</a>. To do this, you can: </p><h3>Using a mortgage calculator</h3><p>A <a href="https://www.businessinsider.com/personal-finance/mortgages/mortgage-calculator" data-analytics-product-module="body_link" rel="">mortgage calculator</a> is your best bet for determining what your estimated mortgage payment will be. You'll need an idea of what home price you're looking at, how much of a down payment you're bringing, and current interest rates to use one of these tools.</p><h3>Principal and interest breakdown</h3><p>A mortgage calculator will give you an idea of what you'll pay each month in principal and interest, which make up a large portion of your monthly mortgage costs. On a fixed-rate loan, you'll typically pay more toward interest at the start of your loan. As you get further into your loan term, more of your payments will start going toward the principal balance.</p><h3>Additional costs to consider</h3><p>Most mortgages come with <a href="https://www.businessinsider.com/personal-finance/mortgages/what-is-escrow" data-analytics-product-module="body_link" rel="">escrow accounts</a>. These are separate accounts that your loan servicer uses to pay for your HOA dues, home insurance premiums, and property taxes. You'll pay a certain amount per month toward your escrow account along with your mortgage payment.</p><h2 data-toc-label="Tips for managing your mortgage payment" id="tips-for-managing-your-mortgage-payment" class="toc-anchor">Tips for managing your mortgage payment</h2><p>Your monthly mortgage payment will likely be one of your biggest costs as a homeowner. Follow these tips to manage your mortgage payment successfully:</p><h3>Refinancing options</h3><p>If you ever get to a point where paying your mortgage is difficult, <a href="https://www.businessinsider.com/personal-finance/mortgages/when-to-refinance-mortgage" data-analytics-product-module="body_link" rel="">refinancing</a> may be able to help. You might be able to get a lower interest rate, which would lower your payment, or you could get a longer loan term. This would spread your payment out over a longer period and reduce your payment as well.</p><h3>Making extra payments</h3><p>If you want to pay down your mortgage quicker, you can make occasional extra payments toward your loan balance. You might want to do this when your annual tax refund comes in or if you get a holiday bonus, for example. You can also make a slightly larger-than-required payment each month (say $2,000 instead of $1,950), and ask your servicer to put that extra payment straight toward your principal balance. This will reduce your interest costs over the long haul. </p><h3>Adjusting your budget</h3><p>Having a good household budget in place is important all the time — but especially when you have a mortgage payment to cover. Failing to make your payments can result in foreclosure, so it's critical you allot enough funds each month to pay your mortgage. </p><p>If you have an <a href="https://www.businessinsider.com/personal-finance/mortgages/adjustable-rate-mortgage" data-analytics-product-module="body_link" rel="">adjustable-rate mortgage</a>, you should also stay on top of interest rate trends and know the rate caps for your loan. Since your payment fluctuates as interest rates do, you'll need to be ready to cover any payment increase that comes with that.</p><h2 data-toc-label="FAQs" id="faqs" class="toc-anchor">FAQs on average mortgage payment</h2> <div class="collapsable-faq collapsable-faq-dropdown" data-parent-index="" data-component-type="collapsable-faq" data-root-margin="0px 0px 100% 0px"> <div class="collapsable-faq-dropdown_header"> <span class="collapsable-faq-dropdown_text headline-semibold faq-question"> What is the average mortgage payment in the U.S.? </span> <span class="collapsable-faq-dropdown_chevron"> <svg class="svg-icon chevron-icon " data-chevron-icon="" role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon"> <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#76767a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"></path> </svg> </span> </div> <div class="collapsable-faq-dropdown_wrap"> <div class="collapsable-faq-dropdown_content"> <p class="faq-answer">The average mortgage payment in the U.S. varies but is currently around $2,700 per month nationally.</p> </div> </div> </div> <div class="collapsable-faq collapsable-faq-dropdown" data-parent-index="" data-component-type="collapsable-faq" data-root-margin="0px 0px 100% 0px"> <div class="collapsable-faq-dropdown_header"> <span class="collapsable-faq-dropdown_text headline-semibold faq-question"> How do interest rates affect mortgage payments? </span> <span class="collapsable-faq-dropdown_chevron"> <svg class="svg-icon chevron-icon " data-chevron-icon="" role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon"> <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#76767a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"></path> </svg> </span> </div> <div class="collapsable-faq-dropdown_wrap"> <div class="collapsable-faq-dropdown_content"> <p class="faq-answer">Higher interest rates increase monthly payments, while lower rates reduce them.</p> </div> </div> </div> <div class="collapsable-faq collapsable-faq-dropdown" data-parent-index="" data-component-type="collapsable-faq" data-root-margin="0px 0px 100% 0px"> <div class="collapsable-faq-dropdown_header"> <span class="collapsable-faq-dropdown_text headline-semibold faq-question"> What other costs are included in a mortgage payment? </span> <span class="collapsable-faq-dropdown_chevron"> <svg class="svg-icon chevron-icon " data-chevron-icon="" role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon"> <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#76767a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"></path> </svg> </span> </div> <div class="collapsable-faq-dropdown_wrap"> <div class="collapsable-faq-dropdown_content"> <p class="faq-answer">Besides principal and interest, payments often include property taxes, homeowners insurance, and PMI.</p> </div> </div> </div> <div class="collapsable-faq collapsable-faq-dropdown collapsable-faq-dropdown-last" data-parent-index="" data-component-type="collapsable-faq" data-root-margin="0px 0px 100% 0px"> <div class="collapsable-faq-dropdown_header"> <span class="collapsable-faq-dropdown_text headline-semibold faq-question"> Can I lower my mortgage payment? </span> <span class="collapsable-faq-dropdown_chevron"> <svg class="svg-icon chevron-icon " data-chevron-icon="" role="img" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" viewBox="0 0 14.4 8.4" id="chevron-icon"> <title>Chevron icon</title> <desc>It indicates an expandable section or menu, or sometimes previous / next navigation options.</desc> <path class="chevron" fill="none" stroke="#76767a" stroke-linecap="square" d="M.7.7l6.5 7 6.5-7"></path> </svg> </span> </div> <div class="collapsable-faq-dropdown_wrap"> <div class="collapsable-faq-dropdown_content"> <p class="faq-answer">Yes, options include refinancing, extending the loan term, or making a larger down payment.</p> </div> </div> </div><h2 data-toc-label="Methodology" id="methodology" class="toc-anchor"><strong>Methodology: How we got our average number</strong></h2><p>To determine how much the average borrower will pay for their mortgage each month, we used the <a href="https://fred.stlouisfed.org/series/ASPUS" target="_blank" rel="noopener nofollow" data-analytics-product-module="body_link">average home sales price</a> according to data from the Census Bureau and the Department of Housing and Urban Development. In Q2 of 2024, the average price was $501,700. We then took the median down payment of 14% (as reported by the <a href="https://www.nar.realtor/sites/default/files/documents/2023-home-buyers-and-sellers-generational-trends-report-03-28-2023.pdf" target="_blank" rel="noopener nofollow" data-analytics-product-module="body_link">National Association of Realtors</a>) to determine an average loan size of $431,462. Average mortgage rates for August 22, 2024 according to <a href="https://www.freddiemac.com/pmms" target="_blank" rel="noopener nofollow" data-analytics-product-module="body_link">Freddie Mac data</a> were also used. This average estimate doesn't include taxes and insurance, since these costs vary widely.</p><div class="ca-widget" data-token="x13d55880b64" data-s1="AMCID"></div> <div class="script" data-lazy-load="script" data-load-strategy="lazy" data-src="https://secure.money.com/embeds/embedder.js?v=1" data-async="true" data-defer="true"></div> <section class="post-authors" data-component-type="post-author"> <div class="post-author"> <a id="post-author_profile-link" href="https://www.businessinsider.com/author/molly-grace" target="_blank" data-analytics-product-module="author-bio" rel=""> <div class="author-profile-image-wrapper" data-slug="molly-grace"> <div class="lazy-holder author-profile-image"> <img class="lazy-image author-profile-image" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src="https://i.insider.com/621fc89f75b649001845be8a?crop=1:1&width=256&format=jpeg&auto=webp" alt="Headshot of Molly Grace"> <noscript> <img src="https://i.insider.com/621fc89f75b649001845be8a?crop=1:1&width=256&format=jpeg&auto=webp" /> </noscript> </div> </div> </a> <div class="post-author_info"> <div class="post-author_top"> <a id="post-author_name-link" class="post-author_link not-content-link" href="https://www.businessinsider.com/author/molly-grace" target="_blank" data-analytics-product-module="author-bio" rel=""> <div class="post-author_name headline-semibold">Molly Grace</div> </a> <div class="post-author_title headline-regular">Mortgage Reporter</div> </div> <div class="post-author_bio headline-regular"> <input type="checkbox" id="expanded0"> <div class="post-author_bio_content"> <span>Molly Grace is a mortgage reporter for Business Insider with over six years of experience writing about mortgages and homeownership. </span><span><span class="headline-semibold">Experience</span></span><span>In addition to her daily mortgage rate coverage, Molly also writes mortgage lender reviews and educational articles on homebuying and analyzes data and economic trends to give readers actionable and up-to-date information about the housing market.</span><span>She also tracks affordable mortgage and down payment assistance programs offered throughout the country to keep her readers informed of homebuyer programs available to them. </span><span>Before Business Insider, Molly was a blog writer for Rocket Companies and helped to create Rocket Mortgage’s Shorty Award-winning podcast <em>Home. Made</em>.</span><span>Molly is passionate about covering personal finance topics with empathy. Her goal is to make homebuying knowledge more accessible, especially for groups that may think homeownership is out of reach. </span><span><span class="headline-semibold">Expertise</span></span><span>Molly is an expert in the following topics:</span><ul><li><span>Mortgages and mortgage lenders</span></li><li><span>Home equity</span></li><li><span>The housing market</span></li><li><span>The economy and the forces that impact mortgage rates</span></li><li><span>Budgeting and saving</span></li><li><span>Credit</span></li><li><span>Insurance</span></li><li><span>Retirement savings</span></li></ul><span><span class="headline-semibold">Education</span></span><span>Molly earned a bachelor's degree in journalism from Indiana University. </span><span>She is based in Michigan and has a dog and two cats. </span> </div> <label for="expanded0" role="button" class="post-author_bio_more">Read more</label> <label for="expanded0" role="button" class="post-author_bio_less">Read less</label> </div> </div> </div> <div class="post-author"> <a id="post-author_profile-link" href="https://www.businessinsider.com/author/aly-yale" target="_blank" data-analytics-product-module="author-bio" rel=""> <div class="author-profile-image-wrapper" data-slug="aly-yale"> <div class="lazy-holder author-profile-image"> <img class="lazy-image author-profile-image" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src="https://i.insider.com/61096c6d372268001a596aec?crop=1:1&width=256&format=jpeg&auto=webp" alt="A headshot of writer Aly J Yale."> <noscript> <img src="https://i.insider.com/61096c6d372268001a596aec?crop=1:1&width=256&format=jpeg&auto=webp" /> </noscript> </div> </div> </a> <div class="post-author_info"> <div class="post-author_top"> <a id="post-author_name-link" class="post-author_link not-content-link" href="https://www.businessinsider.com/author/aly-yale" target="_blank" data-analytics-product-module="author-bio" rel=""> <div class="post-author_name headline-semibold">Aly J. Yale</div> </a> </div> <div class="post-author_bio headline-regular"> <input type="checkbox" id="expanded1"> <div class="post-author_bio_content"> <span>Aly J. Yale is a writer and editor with more than 10 years of experience covering personal finance topics including mortgages and real estate. She contributes to Personal Finance Insider’s mortgages and loans coverage.</span><span><span class="headline-semibold">Experience</span></span><span>Aly began her journalism career as reporter, and later an editor, for several neighborhood sections of the Dallas Morning News.</span><span>Her work has been published in several national publications, including Bankrate, CBS, Forbes, Fortune, Money, Newsweek, US News and World Report,  the Wall Street Journal, and Yahoo Finance. She’s also contributed to a variety of mortgage and real-estate publications, such as The Balance, Builder Magazine, Housingwire, MReport, and The Mortgage Reports. </span><span>Her favorite personal finance tip is to schedule regular check-ins to make sure your credit cards, savings accounts, and other financial vehicles still align with your budget and financial goals. She is a member of the National Association of Real Estate Editors (NAREE).</span><span><span class="headline-semibold">Expertise</span></span><span>Aly’s areas of personal finance expertise include:</span><ul><li><span>Mortgages</span></li><li><span>Loans</span></li><li><span>Real estate</span></li><li><span>Insurance</span></li><li><span></span></li></ul><span><span class="headline-semibold">Education</span></span><span>Aly is a graduate of Texas Christian University, where she received a bachelor’s degree in radio/TV/film and news-editorial journalism.</span> </div> <label for="expanded1" role="button" class="post-author_bio_more">Read more</label> <label for="expanded1" role="button" class="post-author_bio_less">Read less</label> </div> </div> </div> </section> <div class="featured-products sticky-featured-product"> <span class="headline-semibold featured-products-heading">Top Offers From Our Partners</span> <div class="featured-product"> <a href="https://offers.moneylion.com/channelTrackingOfferRedirect/ef7e9365-d513-464f-b2f2-5b4ee58fb7d8/7730fd4f-e907-4d31-b88e-89806ac20f06" target="_blank" data-analytics-product-area="image" data-analytics-product-module="featured_product" data-analytics-product-index="1" data-analytics-product-brand="Right Rail - Do Not Use in Content" data-analytics-product-name="LendingClub LevelUp Savings Account" data-analytics-product-id="63cff3349bca6000112c3c92" class="featured-product-image not-content-link" rel="nofollow noindex"> <div class="lazy-holder lazy-holder " style="padding-top: calc(100% * 95 / 149)"> <img class="lazy-image " src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-content-type="image/png" data-srcs="{"https://i.insider.com/60a53ef9e25d05001880c7d2":{"contentType":"image/png","aspectRatioW":1200,"aspectRatioH":320}}" alt="LendingClub Logo"> <noscript> <img src="https://i.insider.com/60a53ef9e25d05001880c7d2?width=600&format=jpeg&auto=webp" /> </noscript> </div> </a> <div class="featured-product-hgroup"> <a href="https://offers.moneylion.com/channelTrackingOfferRedirect/ef7e9365-d513-464f-b2f2-5b4ee58fb7d8/7730fd4f-e907-4d31-b88e-89806ac20f06" target="_blank" class="featured-product-heading not-content-link" data-analytics-product-area="title" data-analytics-product-module="featured_product" data-analytics-product-index="1" data-analytics-product-brand="Right Rail - Do Not Use in Content" data-analytics-product-name="LendingClub LevelUp Savings Account" data-analytics-product-id="63cff3349bca6000112c3c92" rel="nofollow noindex"> LendingClub LevelUp Savings Account </a> <span class="headline-semibold featured-product-sub-heading"> Earn 5.00% APY when you deposit $250 per month <div class="component rich-tooltip featured-product-rich-tooltip" role="tooltip" data-tooltip-position="right"> <svg class="svg-icon tooltip-icon " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 60 60"> <title></title> <desc>A tooltip</desc> <path d="M30.6 36.6l.1-1.2c.2-2.3 1.3-3.3 3.4-5.2 2.5-2.3 5.7-4.5 5.7-8.6 0-5-4.3-7.7-9.2-7.7-3.8 0-6.8 1.5-10 4.4l2.2 2.5c3.1-2.5 5-3.5 7.7-3.5 3.2 0 5.4 1.7 5.4 4.4s-2.2 4.2-4.4 6.1c-3.4 2.9-4 4.1-4 7.3v1.5h3.1zm.7 8.4v-4.6h-4.4V45h4.4z"></path> <path d="M30 0c16.6 0 30 13.4 30 30S46.6 60 30 60 0 46.6 0 30 13.4 0 30 0zm0 3C15.1 3 3 15.1 3 30s12.1 27 27 27 27-12.1 27-27S44.9 3 30 3z"></path> </svg> <div class="rich-tooltip-wrapper headline-regular"> <div class="rich-tooltip-message headline-regular">Earn 5.00% APY when you deposit at least $250 per month, earn 4.00% standard APY if minimum isn't met.</div> </div> </div> <style>.rich-tooltip-wrapper { display: none; }</style> </span> </div> <div class="featured-product-cta"> <a href="https://offers.moneylion.com/channelTrackingOfferRedirect/ef7e9365-d513-464f-b2f2-5b4ee58fb7d8/7730fd4f-e907-4d31-b88e-89806ac20f06" target="_blank" class="featured-product-link not-content-link" data-analytics-product-area="button" data-analytics-product-module="featured_product" data-analytics-product-index="1" data-analytics-product-brand="Right Rail - Do Not Use in Content" data-analytics-product-name="LendingClub LevelUp Savings Account" data-analytics-product-id="63cff3349bca6000112c3c92" rel="nofollow noindex"> Start Saving </a> </div> </div> </div> </div> </div> </div> </section> </div> </div> <section class="post-content-more"> <div class="inline-newsletter-signup headline-regular loading insider-today" id="formContainer" data-component-type="inline-newsletter-module" data-event-label="insider_today" data-newsletter-id="1" data-newsletter-title="Insider Today" data-acq-source="personalfinanceverticalinline" data-track-view={"product_field":"bi_value_unassigned","element_name":"inline_newsletter"} > <section class="inline-newsletter-content"> <div class="inline-newsletter-insider-today-header"> <div> <div class="inline-newsletter-logo-tag"> <div class="inline-newsletter-logo"> <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 16 / 195)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/BI/US/logos/newsletters/insider-today-logo.png' alt="Insider Today" /> <noscript> <img src="/public/assets/BI/US/logos/newsletters/insider-today-logo.png" /> </noscript> </div> </div> </div> <div class="newsletter-signup-header" id="signUpHeader" > Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. <a href="https://l.businessinsider.com/e/evib?_t=c8e10479a20f45bba5aad6c5f6fbb009&_m=bee0b92dd7f64311b232730abc2d57af&_e=U5JhMPKexkqXQC0IbC5jAv93qEg9l9wpQfDa9HFV0yVMQv3svoC1aboxnptAyVwou2R68cPyvF-aWiSH-hyRWg%3D%3D" target="_blank" class="inline-newsletter-preview-link headline-semibold">Read preview</a> </div> </div> <div class="inline-newsletter-img-wrapper-mobile"> <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 124 / 111)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/rebrand/newsletter-bull.png' alt="Bull" /> <noscript> <img src="/public/assets/rebrand/newsletter-bull.png" /> </noscript> </div> </div> </div> <div class="js-loader hidden"><svg class="svg-icon " version="1.1" xmlns="http://www.w3.org/2000/svg" role="img" width="50" height="50" viewBox="0 0 50 50" style="enable-background:new 0 0 50 50;" xml:space="preserve"> <path fill="#0a0a0a" d="M43.935,25.145c0-10.318-8.364-18.683-18.683-18.683c-10.318,0-18.683,8.365-18.683,18.683h4.068c0-8.071,6.543-14.615,14.615-14.615c8.072,0,14.615,6.543,14.615,14.615H43.935z"> <animateTransform attributeType="xml" attributeName="transform" type="rotate" from="0 25 25" to="360 25 25" dur="0.6s" repeatCount="indefinite"/> </path> </svg></div> <div class="error-request-message headline-regular hidden"></div> <div class="success-container__desktop"> <div class="success-image-container hidden"></div> <div class="success-message-container"> <div class="success-message headline-semibold hidden"> Thanks for signing up! <a class="npc-anchor not-content-link headline-semibold" href="https://www.businessinsider.com/subscription/newsletter">Go to newsletter preferences</a> </div> <div class="success-sub-message headline-semibold hidden"></div> </div> </div> <div class="success-container__mobile d-none"> <div class="success-message headline-semibold">Thanks for signing up!</div> <div class="success-image-container"></div> <div class="success-sub-message headline-regular"> Access your favorite topics in a personalized feed while you're on the go. <button class="rounded-button headline-semibold white-button download" type="white" > download the app </button> </div> </div> <div id="account-creation-component" data-element-name="inline_newsletter" data-load-markup="inline-newsletter-module/account-creation/template"> </div> <form id="emailCapture" action="javascript:void(0);" method="POST" novalidate > <div class="flex-parent"> <div class="user-input-container"> <label id="focusedLabel" class="headline-regular" for="newsletter-module-email" >Email address</label> <input class="headline-regular" type="email" autocapitalize="off" name="newsletter-module-email" id="newsletter-module-input" placeholder="Enter your email" autocomplete="email" required="required" /> </div> <div class="mobile-error-msg error-msg headline-regular"></div> <div class="submit-container headline-semibold"> <button class="rounded-button headline-semibold dark-button inline-newsletter-submit" type="dark" > Sign up </button> </div> </div> <div class="desktop-error-msg error-msg headline-regular"></div> <div class="sign-up-tos headline-regular" id="nlTos" > By clicking “Sign Up”, you accept our <a class="tos-anchor" href="https://www.insider-inc.com/terms" target="_blank">Terms of Service</a> and <a class="tos-anchor" href="https://www.insider-inc.com/privacy-policy" target="_blank">Privacy Policy</a>. You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. </div> </form> </section> <div class="inline-newsletter-img-wrapper-desktop"> <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 124 / 111)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/rebrand/newsletter-bull.png' alt="Bull" /> <noscript> <img src="/public/assets/rebrand/newsletter-bull.png" /> </noscript> </div> </div> <style> .inline-newsletter-signup.loading { width: 100%; max-width: 640px; margin: 0 auto; visibility: hidden; } </style> </div></section> <section class="category-wrapper headline-regular" data-track-click-shared="{"product_field":"bi_value_unassigned","event":"navigation","element_name":"category_link"}" > </section> <section class="post-content-bottom taboola-feed" data-track-page-area="Post Bottom" >  <vendor-taboola class="component taboola js-only-desktop" data-component-type="vendor-taboola" data-root-margin="0px 0px 100% 0px" data-consent="MARKETING" config="{"providerName":"taboola","providerPageType":{"article":"auto"},"providerUrl":"//cdn.taboola.com/libtrc/businessinsider/loader.js","providerFlushValue":{"flush":true},"providerData":{"mode":"thumbs-1r","container":"taboola-below-article-thumbnails---reference-page","placement":"Below Article Thumbnails - Reference Page","onlyOn":"desktop","target_type":"mix"}}" data-load-strategy= "lazy" > <section class="taboola-container targeted-recommended only-desktop taboola-below-article-thumbnails---reference-page" id="taboola-below-article-thumbnails---reference-page" data-e2e-name="taboola-below-article-thumbnails---reference-page" data-track-event-label="rec-taboola-taboola-below-article-thumbnails---reference-page" > </section> </vendor-taboola>  </section> </article> </div> </section> </section>  <aside id="l-rightrail" data-rail> <div class="featured-products sticky-featured-product" data-component-type="featured-products" data-is-pfi-banking-post="false"> <span class="headline-semibold featured-products-heading">Top Offers From Our Partners</span> <div class="featured-product"> <div class="featured-product-image-placeholder"></div> <div class="featured-product-hgroup"> <div class="featured-product-placeholder-block"> <div class="featured-product-text-placeholder"></div> <div class="featured-product-text-placeholder"></div> </div> <div class="featured-product-text-placeholder"></div> <div class="featured-product-text-placeholder"></div> <div class="featured-product-text-placeholder"></div> <div class="featured-product-text-placeholder"></div> </div> <div class="featured-product-cta"> <div class="featured-product-link featured-product-link-placeholder">Loading...</div> <div class="featured-product-text-placeholder"></div> </div> </div> </div> </aside> </section> </section> <div class="pw-modal-entry"></div> <div class="pw-modal-backdrop"></div> </section> <div data-notify-wrapper class="notify-wrapper"> <span data-notify-close class="notify-close icon-close"></span> <span class="icon-check"></span> <span data-notify-message class="notify-message"></span> </div> <div class="inline-backup-paywall mobile" data-component-type="inline-backup-paywall" style="display:none"> <span class="headline-semibold subscription-msg">This story is available exclusively to Business Insider subscribers. <a href="/subscription" class="subscription-link">Become an Insider</a> and start reading now.</span> <span class="headline-regular login-prompt">Have an account? <button class="login-prompt-btn">Log in</button>.</span> </div> <footer class="l-footer" data-e2e-name="footer" data-track-page-area="Footer" data-footer data-component-type="footer" > <section class="container"> <div class="l-footer-container ml-auto mr-auto"> <section class="row brands"> <section class="col-12 col-lg-4"> <div class="logo-row"> <a href="https://www.businessinsider.com" class="business-insider-logo" title="Visit Business Insider" aria-label="Click to visit Business Insider" alt="Click to visit Business Insider" > <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 32 / 93)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/logos/stacked-black.svg' alt="Business Insider" /> <noscript> <img src="/public/assets/logos/stacked-black.svg" /> </noscript> </div> </a> </div> </section> <section class="col-12 col-lg-4 brands-social"> <section class="social social-wide deferred" data-e2e-name="social-links" > <span class="brands-label">Follow us on:</span> <a class="social-link facebook deferred" href="https://www.facebook.com/businessinsider" label="facebook" title="Follow us on Facebook" aria-label="Click to visit us on Facebook" data-follow-link="" data-track-event-label="facebook" data-e2e-name="facebook" target="_blank" rel="noopener nofollow" > <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 24 / 24)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/social/social-facebook.svg' alt="Facebook" /> <noscript> <img src="/public/assets/social/social-facebook.svg" /> </noscript> </div> </a> <a class="social-link twitter deferred " href="https://x.com/businessinsider" label="X" title="Follow us on X" aria-label="Click to visit us on X" data-follow-link="" data-track-event-label="X" data-e2e-name="X" target="_blank" rel="noopener nofollow" > <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 24 / 24)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/social/social-x.svg' alt="X" /> <noscript> <img src="/public/assets/social/social-x.svg" /> </noscript> </div> </a> <a class="social-link linkedin deferred" href="https://www.linkedin.com/company/businessinsider/" label="linkedin" title="Connect with us on LinkedIn" aria-label="Connect with us on LinkedIn" data-follow-link="" data-track-event-label="linkedin" data-e2e-name="linkedin" target="_blank" rel="noopener nofollow" > <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 24 / 24)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/social/social-linkedin.svg' alt="LinkedIn" /> <noscript> <img src="/public/assets/social/social-linkedin.svg" /> </noscript> </div> </a> <a class="social-link youtube deferred" href="https://www.youtube.com/user/businessinsider" label="youtube" title="Subscribe to our YouTube channel" aria-label="Click to visit our YouTube channel" data-follow-link="" data-track-event-label="youtube" data-e2e-name="youtube" target="_blank" rel="noopener nofollow" > <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 24 / 24)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/social/social-youtube.svg' alt="YouTube" /> <noscript> <img src="/public/assets/social/social-youtube.svg" /> </noscript> </div> </a> <a class="social-link instagram deferred last" href="https://www.instagram.com/businessinsider/" label="instagram" title="Follow us on Instagram" aria-label="Click to visit us on Instagram" data-follow-link="" data-track-event-label="instagram" data-e2e-name="instagram" target="_blank" rel="noopener nofollow" > <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 24 / 24)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/social/social-instagram.svg' alt="Instagram" /> <noscript> <img src="/public/assets/social/social-instagram.svg" /> </noscript> </div> </a> </section> </section> <section class="col-12 col-lg-4 app-badges"> <div class="app-badges-wrapper"> <a href="https://itunes.apple.com/app/apple-store/id554260576?mt=8" class="app-badge" target="_blank" rel="noopener nofollow" alt="Download the app on the App Store" > <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 40 / 135)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/badges/app-store-badge.svg' alt="Download on the App Store" /> <noscript> <img src="/public/assets/badges/app-store-badge.svg" /> </noscript> </div> </a> <a href="https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider" class="app-badge" target="_blank" rel="noopener nofollow" alt="Download the app on Google Play" > <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 40 / 135)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/badges/google-play-badge.svg' alt="Get it on Google Play" /> <noscript> <img src="/public/assets/badges/google-play-badge.svg" /> </noscript> </div> </a> </div> </section> </section> <section class="l-footer-bottom-shim row copy headline-regular"> <section class="col-12"> <ul class="copy-listgroup"> <li class="copy-first-listitem"> * <a class="copy-link" href="https://www.insider-inc.com/terms/" >Copyright © 2024</a> Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our <a class="copy-link" href="https://www.insider-inc.com/terms/" data-e2e-name="footer-terms-of-service" >Terms of Service</a> <span>and</span> <a class="copy-link privacy" href="https://www.insider-inc.com/privacy-policy" data-e2e-name="footer-privacy-policy" >Privacy Policy</a>. </li> </ul> <ul class="copy-listgroup"> <li class="copy-listitem"> <a class="copy-link copy-policy-link" href="https://www.businessinsider.com/contact" title="" aria-label="Contact Us" target="" data-e2e-name="footer-contact" >Contact Us</a> </li> <li class="copy-listitem"> <a class="copy-link copy-policy-link" href="https://www.businessinsider.com/masthead" title="" aria-label="Masthead" target="" data-e2e-name="footer-masthead" >Masthead</a> </li> <li class="copy-listitem"> <a class="copy-link copy-policy-link" href="//www.businessinsider.com/sitemap/html/index.html" title="" aria-label="Sitemap" target="" data-e2e-name="footer-sitemap" >Sitemap</a> </li> <li class=" copy-listitem"> <a class="copy-link copy-policy-link" href="https://www.insider-inc.com/disclaimer" title="" aria-label="Disclaimer" target="" data-e2e-name="footer-disclaimer" >Disclaimer</a> </li> <li class=" copy-listitem"> <a class="copy-link copy-policy-link" href="https://www.insider-inc.com/accessibility/" title="" aria-label="Accessibility" target="" data-e2e-name="footer-accessibility" >Accessibility</a> </li> <li class=" copy-listitem"> <a class="copy-link copy-policy-link" href="https://www.insider-inc.com/commerce-on-insider-inc/" title="" aria-label="Commerce Policy" target="" data-e2e-name="footer-commerce-policy" >Commerce Policy</a> </li> <li class=" copy-listitem"> <a class="copy-link copy-policy-link" href="https://www.insider-inc.com/advertising-policies" title="" aria-label="Advertising Policies" target="" data-e2e-name="footer-advertising-policies" >Advertising Policies</a> </li> <li class="copy-listitem"> <a class="copy-link copy-external-link" href="https://boards.greenhouse.io/insider" aria-label="Jobs at Business Insider" data-e2e-name="footer-jobs" target="_blank" rel="noopener nofollow" >Jobs @ Business Insider</a> </li> </ul> <ul class="copy-listgroup"> <li class="copy-listitem"> Stock quotes by <a class="copy-link copy-external-link" href="https://www.finanzen.net/" data-e2e-name="footer-finanzen.net" rel="noopener nofollow" >finanzen.net</a> </li> <li class="last copy-listitem"> <a class="copy-link copy-policy-link" href="https://www.parsintl.com/publication/business-insider/" title="" aria-label="Reprints and Permissions" target="" data-e2e-name="footer-reprints-permissions" rel="noopener nofollow" >Reprints & Permissions</a> </li> </ul> </section> </section> <section class="editions-list-inline" data-editions-list-inline > <section class="editions-list headline-regular" data-editions-list > <ul class="editions-listgroup"> <li class="editions-listitem-label">International Editions:</li> <li class="editions-listitem us is-active"> <a class="editions-link" href="https://www.businessinsider.com/" data-e2e-name="editions-link-us is-active" > <span class="editions-link-name">United States</span> <span class="editions-link-abbr">US</span> </a> </li> <li class="editions-listitem uk"> <a class="editions-link" href="https://www.businessinsider.com/international" data-e2e-name="editions-link-uk" > <span class="editions-link-name">International</span> <span class="editions-link-abbr">INTL</span> </a> </li> <li class="editions-listitem AT"> <a class="editions-link" href="https://www.businessinsider.de?IR=C" data-e2e-name="editions-link-AT" > <span class="editions-link-name">Deutschland & Österreich</span> <span class="editions-link-abbr">AT</span> </a> </li> <li class="editions-listitem DE"> <a class="editions-link" href="https://businessinsider.de?IR=C" data-e2e-name="editions-link-DE" > <span class="editions-link-name">Deutschland</span> <span class="editions-link-abbr">DE</span> </a> </li> <li class="editions-listitem ES"> <a class="editions-link" href="https://businessinsider.es" data-e2e-name="editions-link-ES" > <span class="editions-link-name">España</span> <span class="editions-link-abbr">ES</span> </a> </li> <li class="editions-listitem IN"> <a class="editions-link" href="https://www.businessinsider.in" data-e2e-name="editions-link-IN" > <span class="editions-link-name">India</span> <span class="editions-link-abbr">IN</span> </a> </li> <li class="editions-listitem JP"> <a class="editions-link" href="https://www.businessinsider.jp" data-e2e-name="editions-link-JP" > <span class="editions-link-name">Japan</span> <span class="editions-link-abbr">JP</span> </a> </li> <li class="editions-listitem NL"> <a class="editions-link" href="https://www.businessinsider.nl?IR=C" data-e2e-name="editions-link-NL" > <span class="editions-link-name">Netherlands</span> <span class="editions-link-abbr">NL</span> </a> </li> <li class="editions-listitem PL"> <a class="editions-link" href="https://www.businessinsider.com.pl/?IR=C" data-e2e-name="editions-link-PL" > <span class="editions-link-name">Polska</span> <span class="editions-link-abbr">PL</span> </a> </li> </ul> </section> </section> <section class="legacy-logos"> <div class="legacy-logo-row"> <div class="insider-com-logo"> <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 16 / 103)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/INSIDER/US/logos/insider-com-trademark-opt.svg' alt="Insider.com TM Logo" /> <noscript> <img src="/public/assets/INSIDER/US/logos/insider-com-trademark-opt.svg" /> </noscript> </div> </div> <div class="insider-inc-logo"> <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 16 / 77)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/INSIDER/US/logos/insider-inc.svg' alt="Insider-Inc Logo" /> <noscript> <img src="/public/assets/INSIDER/US/logos/insider-inc.svg" /> </noscript> </div> </div> </div> <div class="legacy-logo-row-container"> <div class="legacy-logo-row"> <a href="https://www.businessinsider.com" class="insider-logo" title="Visit Business Insider" aria-label="Click to visit Business Insider" alt="Click to visit Business Insider" > <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 17 / 100)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/INSIDER/US/logos/Insider-logo-dark-opt.svg' alt="Insider" /> <noscript> <img src="/public/assets/INSIDER/US/logos/Insider-logo-dark-opt.svg" /> </noscript> </div> </a> </div> <div class="legacy-logo-row"> <div class="brands-logo brands-logo-de" title="Business Insider DE Logo" aria-label="Business Insider DE Logo" alt="Business Insider DE Logo" > <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 32 / 151)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/BI/DE/logos/BI-DE-Black-on-Light-final-footer-logo-opt.svg' alt="Business Insider DE Logo" /> <noscript> <img src="/public/assets/BI/DE/logos/BI-DE-Black-on-Light-final-footer-logo-opt.svg" /> </noscript> </div> </div> <div class="brands-logo brands-logo-tech-insider" title="Tech Insider Logo" aria-label="Tech Insider Logo" alt="Tech Insider Logo" > <div class="lazy-holder lazy-holder has-transparency" style="padding-top: calc(100% * 44 / 103)" > <img class="lazy-image has-transparency" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 1 1'%3E%3C/svg%3E" data-src='/public/assets/BI/US/logos/Tech-Insider-opt.svg' alt="Tech Insider Logo" /> <noscript> <img src="/public/assets/BI/US/logos/Tech-Insider-opt.svg" /> </noscript> </div> </div> </div> </div> </section> </div> </section> </footer> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "first-party", script: "%3Cscript%20async%20type%3D%22text%2Fjavascript%22%20src%3D%22%2Fscripts%2Futilities.6d50648d04beab0ec191.js%22%3E%3C%2Fscript%3E" });</script> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "first-party", script: "%3Cscript%20async%20type%3D%22text%2Fjavascript%22%20src%3D%22%2Fscripts%2Fvendors.f39084c26b26fec2ab0c.js%22%3E%3C%2Fscript%3E" });</script> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "first-party", script: "%3Cscript%20async%20type%3D%22text%2Fjavascript%22%20src%3D%22%2Fscripts%2Fmain.87a532549aa49e52e762.js%22%3E%3C%2Fscript%3E" });</script>  <noscript> <img src="https://sb.scorecardresearch.com/p?c1=2&c2=9900186&cv=3.6.0&;cj=1&comscorekw=yourmoney"/> </noscript> <script id="consent-manager-script">(()=>{var n={20187:(n,e,t)=>{"use strict";const o="/cross-domain"===window.location.pathname;const r=function(){if(!window.Fenrir.cm.usPrivacyApplies||o)return;const n=window.localStorage.getItem("fenrirConsentStatus");if("opt-out"===n&&!window.Fenrir?.cm?.userConsent)return;let{ESSENTIAL:e,MARKETING:t,PERSONALIZATION:r,ANALYTICS:i,OPT_OUT:s}=window.Fenrir.cm.userConsent||{};if(!n||"opt-in"===n&&!window.Fenrir.cm.userConsent){e="ACCEPT",t="ACCEPT",r="ACCEPT",i="ACCEPT",s="DENY";const n={ESSENTIAL:e,MARKETING:t,PERSONALIZATION:r,ANALYTICS:i,OPT_OUT:s,STORAGE:"ACCEPT"};window.Fenrir.cm.userConsent=n,window.Fenrir.cm.storedConsent=n}const a=(n=>{const{ESSENTIAL:e,MARKETING:t,PERSONALIZATION:o,ANALYTICS:r,OPT_OUT:i}=n;let s="ACCEPT"===e&&"ACCEPT"===t&&"ACCEPT"===o&&"ACCEPT"===r&&"DENY"===i;return"GPP"===window.Fenrir.privacyApi&&(s="ACCEPT"===t&&"DENY"===i),s?"opt-in":"opt-out"})(window.Fenrir.cm.userConsent);a!==n&&window.localStorage.setItem("fenrirConsentStatus",a)},i=async()=>{const n=localStorage.getItem("profile");if(!n)return;let e;try{e=JSON.parse(n)}catch{return}const t=e["https://insider/memberId"],o=e["https://insider/token"];if(!t||!o)return;const r=(n=>{const e={},t={MARKETING:"marketing",ANALYTICS:"analytics",PERSONALIZATION:"personalization",OPT_OUT:"optOut",STORAGE:"storage"};return Object.entries(n).forEach((n=>{let[o,r]=n;const i=t[o];i&&(r&&"accept"===r.toLowerCase()?e[i]=!0:e[i]=!1)})),e})(window.Fenrir?.cm?.userConsent||{}),{continentCode:i,countryCode:s}=window.Fenrir.geoData,a={...r,continentCode:i,countryCode:s};if("GPP"===window.Fenrir.privacyApi){const n=r.optOut;a.personalization=!n,a.storage=!n,a.analytics=!n}else"TCF"===window.Fenrir.privacyApi&&(a.optOut=!r.marketing);const c=localStorage.getItem("idun-consent-preferences");let d={};if(c)try{d=JSON.parse(c)}catch{}if(d.marketing!==a.marketing||d.analytics!==a.analytics||d.personalization!==a.personalization||d.optOut!==a.optOut||d.storage!==a.storage)try{(await fetch(`${window.Fenrir.config.idun}/v1.0/users/${t}/consent-preferences`,{method:"POST",headers:{"Content-Type":"application/json",Authorization:`Bearer ${o}`},body:JSON.stringify(a)})).ok&&localStorage.setItem("idun-consent-preferences",JSON.stringify(a))}catch(n){}};let s=!1;function a(){if(s)return;s=!0;const n=window.dataLayer||[],{privacyApi:e="GPP"}=window.Fenrir||{},t=window.Fenrir?.cm?.userConsent,o={event:"privacy",privacy_analytics:"ACCEPT"===t?.ANALYTICS,privacy_marketing:"ACCEPT"===t?.MARKETING,privacy_personalization:"ACCEPT"===t?.PERSONALIZATION,privacy_dns:"ACCEPT"===t?.OPT_OUT,privacy_storage:"ACCEPT"===t?.STORAGE};"TCF"===e&&(o.privacy_dns="N/A"),"GPP"===e&&(o.privacy_storage="N/A"),n.push(o),window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"consentManager sendConsentDataToGA",consentData:o})}function c(){window.Fenrir.geoData?i():document.addEventListener("onGeoDataCaptured",(()=>{i()}))}window._sp_queue&&window._sp_queue.push((()=>{window._sp_.addEventListener("onMessageReady",(n=>{"gdpr"===n&&a()})),window._sp_.addEventListener("onConsentReady",(()=>{a()})),window._sp_.addEventListener("onMessageChoiceSelect",((n,e,t)=>{const o=window.dataLayer||[],r={storage:"n/a",marketing:"n/a",personalization:"n/a",analytics:"n/a"};let i={event:"privacy_center_engagement",element_name:"privacy_banner"};const s=n=>(i.action="save",Object.keys(r).forEach((e=>{r[e]=n})),{...i,...r});if("gdpr"===n){switch(t){case 11:i=s("on");break;case 12:i.action="click_to_preference_center";break;case 13:i=s("off")}o.push(i),window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"privacy modal engagement dataLayer push",dataEvent:i})}}))}));t(80845);const d="Sourcepoint Load - start",w="Sourcepoint Load - end sourcepoint",u="Sourcepoint Load - has consent",p="Sourcepoint Load - load queue consent";let l=!1,m=!1,C=!1;function f(){return m||l}function A(n){let e="ACCEPT",t="DENY";return!0===n&&(e="DENY",t="ACCEPT"),{OPT_OUT:t,MARKETING:e}}function T(n){const e="ACCEPT";let t="DENY",o="DENY",r="DENY";return n?(!0===n[3]&&!0===n[4]&&(t="ACCEPT"),!0===n[5]&&!0===n[6]&&(o="ACCEPT"),!0===n[8]&&!0===n[9]&&!0===n[10]&&(r="ACCEPT"),{ESSENTIAL:e,MARKETING:t,PERSONALIZATION:o,ANALYTICS:r,STORAGE:"ACCEPT"}):{ESSENTIAL:e,MARKETING:t,PERSONALIZATION:o,ANALYTICS:r,STORAGE:"ACCEPT"}}function g(n){const{step:e,timeFromStart:t}=n;delete n.step,delete n.timeFromStart;const o={now:window.Fenrir.getTime(),step:e,timeFromStart:t,cmStarted:window.Fenrir.cm.cmStarted,usPrivacyApplies:window.Fenrir.cm.usPrivacyApplies,euPrivacyApplies:window.Fenrir.cm.euPrivacyApplies,windowLoaded:window.Fenrir.cm.windowLoaded,userConsent:window.Fenrir.cm.userConsent,storedConsent:window.Fenrir.cm.storedConsent,queueConsent:window.Fenrir.cm.queueConsent,...n};return o.timeFromStart||delete o.timeFromStart,o}function F(n){window.Fenrir.cm.storedConsent=n,window.Fenrir.cm.userConsent=n}function E(n){F(n),window.Fenrir.cm.cmStarted=!0,window.Fenrir.cm.loadQueueConsent();const e=new CustomEvent("onConsentReady",{detail:{consent:n,type:"update"}});document.dispatchEvent(e),r(),c()}window.performance.mark(d),window.__tcfapi&&window.__tcfapi("addEventListener",2,(function(n,e){if(e&&n){if("cmpuishown"===n.eventStatus){window.Fenrir.console.info(g({step:"consentManager sp.getTCData cmpuishown"}));if(F(T(n.purpose?.consents||{})),!m){window.performance.mark(w);const n=window.performance.measure("load - sourcepoint",d,w);window.Fenrir.console.info(g({step:"consentManager europePrivacy.bannerShown",timeFromStart:n.duration}))}m=!0,window.Fenrir.cm.cmStarted=f(),window.Fenrir.cm.loadQueueConsent()}else if("useractioncomplete"===n.eventStatus||"tcloaded"===n.eventStatus){window.Fenrir.console.info(g({step:`consentManager sp.getTCData ${n.eventStatus}`}));const e=T(n.purpose?.consents);F(e),l||(window.performance.mark(u),window.performance.measure("consentManager europePrivacy.consentGiven",d,u)),l=!0,window.Fenrir.cm.cmStarted=f(),window.Fenrir.cm.loadQueueConsent();const t=new CustomEvent("onConsentReady",{detail:{consent:e,type:"update"}});document.dispatchEvent(t),r(),c()}}else window.Fenrir.console.info(g({step:"consentManager sp.getTCData error",tcData:n}))})),window.__gpp&&window.__gpp("addEventListener",(function(n){if("sectionChange"===n.eventName){let e=!1;Object.keys(n.pingData.parsedSections).forEach((t=>{1===n.pingData?.parsedSections[t]?.SaleOptOut&&(e=!0)})),window.Fenrir.console.info(g({step:"consentManager gpp.sectionChange",data:n}));E(A(e))}else if("signalStatus"===n.eventName&&"disabled"===n.pingData?.cmpDisplayStatus){window.Fenrir.console.info(g({step:"consentManager gpp.signalStatus",data:n}));E(A(!1))}}));const S="GPP"===window.Fenrir?.privacyApi,y="TCF"===window.Fenrir?.privacyApi;window.Fenrir.cm={cmStarted:!1,windowLoaded:!1,usPrivacyApplies:S,euPrivacyApplies:y,onConsent:function(n){if("function"!=typeof n)throw new Error("method `onConsent` requires `callback` function");return document.addEventListener("onConsentReady",(e=>{window.Fenrir.console.info(g({step:"consentManager onConsentReady",event:e})),n(e.detail)})),n({consent:window.Fenrir.cm.storedConsent,type:"stored"})},requestConsent:function(n){const e=window.Fenrir.cm.storedConsent;window.Fenrir.cm.userConsent=e,window.Fenrir.console.info(g({step:"consentManager requestConsent",requestor:n}));const t=new CustomEvent("onConsentReady",{detail:{consent:window.Fenrir.cm.userConsent,type:"request",scope:n}});document.dispatchEvent(t)},loadQueueConsent:function(){if(window.Fenrir.console.info(g({step:"consentManager loadQueueConsent"})),!window.Fenrir.cm.windowLoaded||!window.Fenrir.cm.cmStarted||!window.Fenrir.cm.userConsent)return;let n;C||(window.performance.mark(p),n=window.performance.measure("queue load - sourcepoint",d,p)),C=!0,window.Fenrir.config.delayThirdPartyScripts=!1,window.Fenrir.console.info(g({step:"consentManager loadQueueConsent load scripts",timeFromStart:n?.duration}));let e=window.Fenrir.cm.queueConsent.length;for(;e;){const n=window.Fenrir.cm.queueConsent.shift();e=window.Fenrir.cm.queueConsent.length,"function"==typeof n&&n(),window.Fenrir.console.info(g({step:"consentManager loadQueueConsent script",queueLength:e}))}},getAdConsent:function(){function n(){let n=!0;return window.Fenrir.cm.usPrivacyApplies?n="ACCEPT"!==window.Fenrir.cm.userConsent.OPT_OUT:window.Fenrir.cm.euPrivacyApplies&&(n="DENY"!==window.Fenrir.cm.userConsent.MARKETING),n}return new Promise((e=>{if(window.Fenrir?.cm?.userConsent)e(n());else{const t=setTimeout((()=>e(!0)),3e3);document.addEventListener("onConsentSaved",(()=>{t&&clearTimeout(t),e(n())}))}}))},queueConsent:[],forceCMP:function(){const n="/your-privacy-choices"===window.location.pathname,e=navigator?.globalPrivacyControl;return n||e}()},window.Fenrir.console.info(g({now:window.Fenrir.getTime(),step:"consentManager starting...",tcfapi:window.__tcfapi})),r()},80845:()=>{if(window.Fenrir=window.Fenrir||{config:{}},!window.Fenrir.console){window.Fenrir.console={};const n=window.Fenrir?.config?.featureFlags?.logs||new URLSearchParams(document.location.search).has("logs");Object.entries(window.console).forEach((e=>{let[t,o]=e;"function"==typeof o&&(window.Fenrir.console[t]=n?o.bind(window.console):()=>{})}))}window.Fenrir.getTime||(window.Fenrir.getTime=function(){const n=new Date;function e(n){let e=arguments.length>1&&void 0!==arguments[1]?arguments[1]:"00";return`${e}${n}`.slice(-e.length)}return`${e(n.getHours())}:${e(n.getMinutes())}:${e(n.getSeconds())}.${e(n.getMilliseconds(),"000")}`})}},e={};function t(o){var r=e[o];if(void 0!==r)return r.exports;var i=e[o]={exports:{}};return n[o](i,i.exports,t),i.exports}t.m=n,t.c=e,t.o=(n,e)=>Object.prototype.hasOwnProperty.call(n,e),(()=>{t.S={};var n={},e={};t.I=(o,r)=>{r||(r=[]);var i=e[o];if(i||(i=e[o]={}),!(r.indexOf(i)>=0)){if(r.push(i),n[o])return n[o];t.o(t.S,o)||(t.S[o]={});t.S[o];var s=[];return s.length?n[o]=Promise.all(s).then((()=>n[o]=1)):n[o]=1}}})();t(20187)})();</script><script id="script-loader-script">(()=>{var e={4462:(e,t,n)=>{"use strict";n(80845);const r={},i={sm:"0",smMax:"599px",md:"600px",mdMax:"959px",lg:"960px",lgMax:"1259px",xl:"1260px"};window.Fenrir?.viewVersion&&(i.mdMax="1007px",i.lg="1008px");const o={small:`(max-width:${i.smMax})`,medium:`(min-width:${i.md}) and (max-width:${i.mdMax})`,large:`(min-width:${i.lg}) and (max-width:${i.lgMax})`,xlarge:`(min-width:${i.xl})`},d={mobile:`(max-width:${i.smMax})`,tablet:`(min-width:${i.md}) and (max-width:${i.mdMax})`,desktop:`(min-width:${i.lg})`},a=e=>({get:()=>window.matchMedia(e).matches}),s=e=>({get:()=>Object.values(e).reduce(((t,n,r)=>(window.matchMedia(n).matches&&(t=`${Object.keys(e)[r]}`),t)),"")});Object.defineProperties({},{isSmall:a(o.small),isMedium:a(o.medium),isLarge:a(o.large),isXLarge:a(o.xlarge),current:s(o)}),Object.defineProperties({},{isMobile:a(d.mobile),isTablet:a(d.tablet),isDesktop:a(d.desktop),current:s(d)}),Object.defineProperties(r,{isMobile:a(`(max-width:${i.mdMax})`),isDesktop:a(d.desktop),deviceType:{get:()=>window.matchMedia(`(max-width:${i.mdMax})`).matches?"mobile":"desktop"},width:{get:()=>document.documentElement.clientWidth},height:{get:()=>document.documentElement.clientHeight}});(()=>{function e(e){const t=new RegExp(`(?:^|;)(?:[ s]*)(?:${e}=)([^;]+)`).exec(document.cookie);return t&&t[1]?t[1]:null}})();const c=function(){let e=arguments.length>0&&void 0!==arguments[0]?arguments[0]:"",t=arguments.length>1&&void 0!==arguments[1]?arguments[1]:"variant";const n=document.querySelector(`meta[name="ii-ab-test:${e}"]`);if(!n)return!1;const r=n.getAttribute("value");return[t].flat().includes(r)},l="testing"===window.Fenrir?.config?.context,w=window.Fenrir?.config?.shouldDeferScripts,p=3e3,m=document.querySelector("head");function u(e,t){e=decodeURIComponent(e);const n=document.createElement("div");n.innerHTML=e;const r=window.Fenrir?.privacyApi;window.Fenrir.cm.cmStarted||"NONE"!==r||(window.Fenrir.cm.cmStarted=!0);Array.prototype.slice.call(n.querySelectorAll("script")).forEach(((e,n)=>{let r=e;const{trackLoad:i=""}=r.dataset||{};try{const o=r&&r.dataset&&r.dataset.consent,d=()=>{r.textContent&&r.textContent.trim()?(r=document.createElement("script"),r.textContent=e.textContent,window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.loadMethod: injectInlineScript",trackLoad:i,scriptIndex:t,script:r})):r.src&&(r=function(e,t){const n=document.createElement("script");let r,i,o;return Array.prototype.slice.call(e.attributes).forEach((e=>{const t=e.nodeName;let d=e.nodeValue;["id","src","async","defer"].includes(t)?(["async","defer"].includes(t)&&!d&&(d=1),n[t]=d):"data-track-load"===t?r=d:"data-request-consent"===t&&window.Fenrir?.config?.delayThirdPartyScripts?i=d||!0:"onload"===t?o=d:n.setAttribute(t,d)})),r&&(n.onerror=function(){window.Fenrir.trackedScripts.push({name:r,error:!0})}),n.onreadystatechange=function(e,t){if((t||!n.readyState||/loaded|complete/.test(n.readyState))&&(r&&window.Fenrir.trackedScripts.push({name:r,error:!1}),i&&window.Fenrir.cm&&window.Fenrir.cm.requestConsent(i),n.onreadystatechange=null,n.onload=null,o)){window.Fenrir.console.info({step:"scriptLoader.loadMethod: downloadScript.OnLoad",onloadCallback:o});const e=document.createElement("script");e.setAttribute("data-on-load-callback"),e.textContent=o,m.appendChild(e)}},n.onload=n.onreadystatechange,window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.loadMethod: downloadScript",src:e.src,trackLoad:e.dataset.trackLoad,scriptIndex:t,script:e}),n}(r,t));const o=e.id||`inline-script-${t}-${n}`;r.setAttribute("data-script-id",o),window.setTimeout((()=>m.appendChild(r)),0)};if(o&&window.Fenrir.cm&&(!window.Fenrir.cm.windowLoaded||!window.Fenrir.cm.cmStarted||window.Fenrir.cm.euPrivacyApplies&&!window.Fenrir.cm.userConsent))return void window.Fenrir.cm.queueConsent.push((()=>{d()}));d()}catch(e){console.error(e)}}))}function f(e){e=e||"load";const t=window.allScripts.filter(((t,n)=>{if(Object.prototype.hasOwnProperty.call(t,"index")||(t.index=n),t.filtered)return!1;const i=t.type||"load",o=/data-only-on=['"]?(?<onlyOn>[A-Za-z\d\s-_]*)['"]?/gi.exec(decodeURIComponent(t.script)),d=o?.groups?.onlyOn;if(d&&d!==r.deviceType)return t.filtered=!0,!1;if(window.Fenrir.cm&&!window.Fenrir.cm.euPrivacyApplies){if("first-party"===e){if(i.indexOf("first-party")>=0)return t.filtered=!0,!0}else if(i.indexOf("first-party")<0)return t.filtered=!0,!0;return!1}const a=e===t.type;return a&&(t.filtered=!0),a}));window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.loadScriptLoaderScripts: filtered",loadScriptType:e,scripts:t,allScripts:window.allScripts}),t.forEach(((e,t)=>{e.loaded||(e.loaded=!0,l?u(e.script,t):setTimeout((()=>{u(e.script,e.index||t)}),0))}))}window.allScripts=window.allScripts||[],window.Fenrir.trackedScripts=[];let g=!1;const F=[];function y(e){if(window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.manageScriptTypeLoadOrder",scriptTypeToLoad:e}),"load"===e){if(g)return;return g=!0,f(e),void F.forEach(f)}g?f(e):F.push(e)}function h(){window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.triggered: load"}),y("load"),window.Fenrir.cm&&(window.Fenrir.cm.loadQueueConsent(),window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.milestone: loadQueueConsent"}))}if(w){let e=!1;const t=()=>{if(window.Fenrir.cm&&(window.Fenrir.cm.windowLoaded=!0,window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.eventHandler: window.load"})),e)return;let t;if(e=!0,c("tti","v1")&&(t="requestIdleCallback"),c("tti","v2")&&(t="setTimeout"),c("tti","v3")&&(t="onLargestContentfulPaint"),c("tti","v4")&&(t="afterFirstPartyComplete"),window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.triggered: first-party ",ttiTestType:t}),f("first-party"),t){if("requestIdleCallback"===t)r={timeout:p},"function"==typeof(n=h)&&("function"==typeof requestIdleCallback?requestIdleCallback(n,r):setTimeout(n,0));else if("setTimeout"===t)setTimeout(h,p);else if("onLargestContentfulPaint"===t)!function(e){"function"==typeof e&&("function"==typeof PerformanceObserver&&"function"==typeof LargestContentfulPaint?new PerformanceObserver((t=>{const n=t.getEntries(),r=n[n.length-1];window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.eventHandler: onLargestContentfulPaint",entry:r}),e({entry:r})})).observe({type:"largest-contentful-paint",buffered:!0}):setTimeout(e,p,{entry:void 0,fallback:!0}))}(h);else if("afterFirstPartyComplete"===t){let e=!1;document.addEventListener("loadDelayedOnLoadScripts",(()=>{e||(e=!0,window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.eventHandler: loadDelayedOnLoadScripts"}),h())}))}}else h();var n,r};window.addEventListener("load",t),"serviceWorker"in navigator&&("local"!==window.Fenrir.config.fenrirEnv?window.addEventListener("load",(()=>{window.Fenrir.console.info("Registering service worker"),navigator.serviceWorker.register("/service-worker.js")})):navigator.serviceWorker.getRegistrations().then((e=>{e.forEach((e=>{window.Fenrir.console.info("Unregistering service worker"),e.unregister()})).catch((e=>{window.Fenrir.console.info("Error unregistering service worker",e)}))})))}let v=!1;document.addEventListener("loadDelayedFirstPartyScripts",(()=>{v||(v=!0,window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.eventHandler: loadDelayedFirstPartyScripts"}),window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.triggered: gdpr-first-party"}),y("gdpr-first-party"))}));let x=!1;document.addEventListener("loadDelayedThirdPartyScripts",(()=>{x||(x=!0,window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.eventHandler: loadDelayedThirdPartyScripts"}),window.Fenrir.console.info({now:window.Fenrir.getTime(),step:"scriptLoader.triggered: gdpr"}),y("gdpr"),window.Fenrir.onloadDelayedThirdPartyScripts())}))},80845:()=>{if(window.Fenrir=window.Fenrir||{config:{}},!window.Fenrir.console){window.Fenrir.console={};const e=window.Fenrir?.config?.featureFlags?.logs||new URLSearchParams(document.location.search).has("logs");Object.entries(window.console).forEach((t=>{let[n,r]=t;"function"==typeof r&&(window.Fenrir.console[n]=e?r.bind(window.console):()=>{})}))}window.Fenrir.getTime||(window.Fenrir.getTime=function(){const e=new Date;function t(e){let t=arguments.length>1&&void 0!==arguments[1]?arguments[1]:"00";return`${t}${e}`.slice(-t.length)}return`${t(e.getHours())}:${t(e.getMinutes())}:${t(e.getSeconds())}.${t(e.getMilliseconds(),"000")}`})}},t={};function n(r){var i=t[r];if(void 0!==i)return i.exports;var o=t[r]={exports:{}};return e[r](o,o.exports,n),o.exports}n.m=e,n.c=t,n.o=(e,t)=>Object.prototype.hasOwnProperty.call(e,t),(()=>{n.S={};var e={},t={};n.I=(r,i)=>{i||(i=[]);var o=t[r];if(o||(o=t[r]={}),!(i.indexOf(o)>=0)){if(i.push(o),e[r])return e[r];n.o(n.S,r)||(n.S[r]={});n.S[r];var d=[];return d.length?e[r]=Promise.all(d).then((()=>e[r]=1)):e[r]=1}}})();n(4462)})();</script> <iframe src="about:blank" data-src="https://markets.businessinsider.com/cross-domain" data-load-strategy="disable-lazy" id="0-iframe" style="display:none" class="cross-domain" ></iframe> <iframe src="about:blank" data-src="https://my.businessinsider.com/cross-domain" data-load-strategy="disable-lazy" id="1-iframe" style="display:none" class="cross-domain" ></iframe> <div class="component password-creation style-loading" data-password-creation data-component-type="password-creation" data-load-strategy="exclude" data-load-markup="password-creation/template" > </div> <div class="jumper style-loading" data-component-type="jumper" > <p>Jump to</p> <ol> <li><a href="#post-headline">Main content</a></li> <li><a href="#search" data-jumper-action="click">Search</a></li> <li><a href="#account" data-jumper-action="account">Account</a></li> </ol> </div> <div id="checkoutEntry" class="bifrost-entry full-screen hidden"></div> <div id="authEntry" class="bifrost-entry full-screen hidden"></div> <div id="dialogEntry" class="bifrost-entry full-screen hidden"></div> <div id="contentWallDrawerEntry" class="bifrost-entry bottom hidden"></div> <div id="appBannerEntry" class="bifrost-entry bottom hidden"></div> <script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: "load", script: "%3Cscript%0A%20%20%20%20data-consent%3D%22ANALYTICS%22%0A%20%20%20%0A%20%20%20%20src%3D%22https%3A%2F%2Fsnippet.affilimatejs.com%22%0A%20%20%20%20async%0A%20%20%3E%3C%2Fscript%3E" });</script> <noscript> <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-MP6F46L" title="GTM" height="0" width="0" style="display:none;visibility:hidden" ></iframe> </noscript> </body> </html>

CINXE.COM

Understanding the Average Mortgage Payment