The average home buyer who took out a mortgage in 2025 started with a required monthly payment of $2,874, according to the Federal Housing Finance Agency’s National Mortgage Database. That was 65% more than the $1,738 average in 2019 and up from $2,830 in 2024.
The average purchase loan in 2025 was $378,000, on a home valued at $483,000. In 2019 those figures were $267,000 and $333,000. The average interest rate on those loans was 6.3%, against 4.3% in 2019.
Payments were highest in California ($4,723), the District of Columbia ($4,500) and Hawaii ($4,100), and lowest in West Virginia ($1,705).
By state
| State | Average monthly payment, 2025 | 2024 | 2019 | Average loan, 2025 | Average home value, 2025 |
|---|---|---|---|---|---|
| California | $4,723 | $4,649 | $2,784 | $657,000 | $892,000 |
| District of Columbia | $4,500 | $4,797 | $2,860 | $631,000 | $838,000 |
| Hawaii | $4,100 | $4,334 | $2,582 | $607,000 | $801,000 |
| Massachusetts | $4,057 | $3,934 | $2,374 | $539,000 | $725,000 |
| New Jersey | $3,974 | $3,769 | $2,364 | $485,000 | $647,000 |
| Washington | $3,967 | $3,830 | $2,244 | $546,000 | $712,000 |
| Colorado | $3,606 | $3,454 | $2,079 | $483,000 | $612,000 |
| New York | $3,583 | $3,415 | $2,230 | $469,000 | $635,000 |
| Rhode Island | $3,413 | $3,303 | $1,846 | $451,000 | $561,000 |
| New Hampshire | $3,401 | $3,061 | $1,836 | $434,000 | $570,000 |
| Connecticut | $3,295 | $3,183 | $1,941 | $416,000 | $573,000 |
| Maryland | $3,247 | $3,177 | $1,940 | $423,000 | $518,000 |
| Utah | $3,224 | $3,146 | $1,751 | $463,000 | $581,000 |
| Oregon | $3,118 | $3,197 | $1,904 | $418,000 | $543,000 |
| Virginia | $3,100 | $3,030 | $1,847 | $418,000 | $522,000 |
| Nevada | $3,038 | $2,956 | $1,726 | $428,000 | $532,000 |
| Florida | $2,954 | $2,927 | $1,668 | $382,000 | $483,000 |
| Vermont | $2,885 | $2,544 | $1,559 | $364,000 | $476,000 |
| Arizona | $2,846 | $2,825 | $1,574 | $411,000 | $516,000 |
| Idaho | $2,838 | $2,702 | $1,539 | $408,000 | $535,000 |
| Montana | $2,834 | $2,977 | $1,550 | $386,000 | $517,000 |
| Alaska | $2,789 | $2,736 | $1,852 | $357,000 | $422,000 |
| Delaware | $2,715 | $2,619 | $1,531 | $372,000 | $484,000 |
| Georgia | $2,711 | $2,704 | $1,564 | $356,000 | $439,000 |
| Texas | $2,706 | $2,761 | $1,782 | $342,000 | $415,000 |
| Illinois | $2,602 | $2,550 | $1,638 | $313,000 | $395,000 |
| North Carolina | $2,538 | $2,527 | $1,384 | $345,000 | $436,000 |
| Minnesota | $2,537 | $2,418 | $1,691 | $322,000 | $407,000 |
| Maine | $2,521 | $2,399 | $1,427 | $328,000 | $434,000 |
| Tennessee | $2,484 | $2,417 | $1,374 | $340,000 | $435,000 |
| Wyoming | $2,480 | $2,299 | $1,353 | $322,000 | $403,000 |
| Pennsylvania | $2,377 | $2,280 | $1,417 | $298,000 | $379,000 |
| South Carolina | $2,312 | $2,299 | $1,347 | $313,000 | $395,000 |
| Nebraska | $2,252 | $2,230 | $1,474 | $279,000 | $352,000 |
| New Mexico | $2,196 | $2,089 | $1,352 | $290,000 | $361,000 |
| South Dakota | $2,191 | $2,237 | $1,332 | $279,000 | $360,000 |
| North Dakota | $2,171 | $2,098 | $1,369 | $281,000 | $337,000 |
| Kansas | $2,157 | $2,320 | $1,411 | $260,000 | $322,000 |
| Wisconsin | $2,147 | $2,063 | $1,305 | $276,000 | $355,000 |
| Missouri | $2,117 | $2,090 | $1,260 | $266,000 | $325,000 |
| Michigan | $2,085 | $1,979 | $1,288 | $263,000 | $326,000 |
| Ohio | $2,080 | $2,016 | $1,228 | $260,000 | $319,000 |
| Indiana | $2,029 | $1,952 | $1,155 | $262,000 | $321,000 |
| Arkansas | $2,027 | $1,979 | $1,253 | $264,000 | $326,000 |
| Louisiana | $2,021 | $2,004 | $1,326 | $250,000 | $301,000 |
| Oklahoma | $2,009 | $1,908 | $1,261 | $249,000 | $305,000 |
| Alabama | $2,007 | $2,018 | $1,182 | $270,000 | $328,000 |
| Mississippi | $1,954 | $1,863 | $1,098 | $245,000 | $286,000 |
| Kentucky | $1,930 | $1,879 | $1,135 | $242,000 | $306,000 |
| Iowa | $1,811 | $1,814 | $1,222 | $225,000 | $289,000 |
| West Virginia | $1,705 | $1,645 | $933 | $225,000 | $266,000 |
50 states and D.C., sorted by the 2025 payment. The payment is FHFA’s average initial required loan payment after origination, rounded to the nearest dollar. Loan amounts and home values are FHFA averages rounded to the nearest $1,000.
What these numbers are
The National Mortgage Database is a 1-in-20 sample of closed-end first-lien mortgages drawn from Experian credit files and linked to other records. FHFA publishes the figures already rounded and weighted to represent all such mortgages. These are home purchase loans only, not refinances.
The payment is the first required payment reported for the loan. It is an average across all new purchase loans, including FHA, VA and other government-backed loans, and it covers only first mortgages. It is not the same as total housing cost, and it is not adjusted for inflation.
Source
Federal Housing Finance Agency, National Mortgage Database (NMDB®) aggregate statistics, new mortgage statistics, annual, states and national, market "All Mortgages (Home Purchase)" (series AVE_PAYMENT, AVE_LOANAMT, AVE_PROPVAL and AVE_INTRATE), downloaded October 28, 2026. Credit: FHFA, National Mortgage Database (NMDB®). U.S. government data in the public domain. Our table is available under CC BY 4.0. Credit "My Credit Guide (mycreditguide.org)".
Steven Reynolds, "New Mortgage Payments by State," My Credit Guide, October 28, 2026, https://mycreditguide.org/data/new-mortgage-payments-by-state/.