Mortgage Rate & Payment Database — 2026
Calculate your monthly payment, compare rates across all 50 states, and find the right loan type for your situation. Free tools, no sign-up required.
Monthly Payment Estimates at 6.85%
Estimated principal and interest payments at today's average rate with 20% down.
| Home Price | Loan Amount (80%) | Monthly P&I | Details |
|---|---|---|---|
| $250K Home | $200,000 | $1,311 | Calculate yours |
| $350K Home | $280,000 | $1,835 | Calculate yours |
| $500K Home | $400,000 | $2,621 | Calculate yours |
| $750K Home | $600,000 | $3,932 | Calculate yours |
Compare Mortgage Loan Types
From conventional fixed-rate to government-backed FHA and VA loans, find the right mortgage for your situation.
| Loan Type | Min. Down Payment | Min. Credit Score | Details |
|---|---|---|---|
| 30-Year Fixed-Rate Mortgage | 3% | 620+ | Learn more |
| 15-Year Fixed-Rate Mortgage | 3% | 620+ | Learn more |
| FHA Loan | 3.5% | 500+ | Learn more |
| VA Loan | 0% | 580+ | Learn more |
| USDA Loan | 0% | 640+ | Learn more |
| Jumbo Loan | 10-20% | 700+ | Learn more |
Make Smarter Mortgage Decisions
| Step | Action | Description |
|---|---|---|
| 1 | Calculate Your Payment | Use our free calculator with your home price, down payment, and rate to see exact monthly costs including taxes, insurance, and PMI. |
| 2 | Compare Loan Options | See how 10 different loan types stack up for your situation — from zero-down VA loans to the stability of a 30-year fixed. |
| 3 | Find State-Specific Rates | Check current rates, median home prices, and first-time buyer programs specific to your state before shopping lenders. |
Mortgage Rates Vary by State
Median home prices range from $155K (West Virginia) to $835K (Hawaii). Property tax rates swing from 0.28% to 2.47%. Find your state's data.
| State | Median Home Price | Details |
|---|---|---|
| California | $785,000 | View state data |
| Texas | $335,000 | View state data |
| Florida | $405,000 | View state data |
| New York | $425,000 | View state data |
Homebuyer Guides
| Guide | Category | Summary |
|---|---|---|
| First-Time Homebuyer Guide 2026 | Buying | Complete roadmap from saving for a down payment to closing day. |
| How Your Credit Score Affects Your Rate | Credit | Your credit score is the single biggest factor in your mortgage rate. |
| Understanding Closing Costs | Buying | Closing costs add 2-5% to your purchase. Learn what each fee covers. |
Frequently Asked Questions About Mortgages
What is the average mortgage rate in 2026?
As of 2026, the average 30-year fixed mortgage rate is approximately 6.85%. Rates vary by lender, credit score, down payment, and loan type. 15-year fixed rates average around 6.10%, and VA loans typically offer rates 0.25% below conventional.
How much is a monthly mortgage payment on a $350,000 home?
With 20% down ($70,000) on a $350,000 home at 6.85% for 30 years, the principal and interest payment is approximately $1,838/month. Add property taxes (~$320/month) and insurance (~$150/month) for a total around $2,308/month.
How much do I need for a down payment?
Down payment requirements range from 0% (VA and USDA loans) to 3% (conventional) to 3.5% (FHA). Putting 20% down eliminates PMI, saving $100-$400/month. Many state programs offer $5,000-$25,000 in down payment assistance.
What credit score do I need for a mortgage?
Minimum credit scores vary by loan type: 620 for conventional, 580 for FHA (3.5% down), 500 for FHA (10% down), and no official minimum for VA. Higher scores (740+) get significantly better rates, potentially saving $100-$300/month.
Should I choose a 30-year or 15-year mortgage?
A 30-year mortgage has lower monthly payments but costs more in total interest. A 15-year mortgage has payments about 40-50% higher but saves roughly 50-55% on total interest and builds equity much faster. Choose based on your monthly budget and financial goals.
Is it better to rent or buy in 2026?
It depends on local market conditions, how long you plan to stay, and your financial situation. Generally, buying makes financial sense if you plan to stay 5+ years, have stable income, and can afford the upfront costs. Use our calculator to compare your specific numbers.
Ready to calculate your payment?
Open Mortgage CalculatorMore Mortgage Resources
| Resource | Description |
|---|---|
| Refinance Calculator | Calculate potential savings from refinancing your current mortgage. |
| Compare Lenders | Side-by-side comparison of top mortgage lenders and their terms. |
| Mortgage Glossary | 55+ essential mortgage terms explained in plain language. |
| Mortgage FAQ | Answers to the most common questions about home loans. |
Editorial Disclosure: MortgageCalcDB's rate data is based on industry surveys and publicly available market data. We may receive compensation when you click links to partner providers, but this does not influence our data or recommendations. Rates and payments shown are representative estimates for illustrative purposes. Your actual rate and payment will depend on your specific financial situation and lender.