The cost of a mortgage varies widely depending on the location, home price, loan amount, down payment, interest rate, and loan term. As of 2025, in the United States, the national average monthly mortgage payment is around $2,128 based on a median home price near $417,000 and an average 30-year mortgage interest rate of about 6.59%. This estimate assumes a 20% down payment and includes principal and interest only, not taxes or insurance. In different metro areas, typical monthly payments range from around $1,371 in some Texas metros to $2,663 in parts of Florida. The average mortgage size in the US has recently been around $373,000.
In the UK, the average monthly mortgage cost is approximately £1,428, based on a two-year fixed mortgage with about a 15% deposit and a 25-year term. Interest rates for fixed mortgages in early 2025 varied roughly from 4.5% to 5.7%, depending on the term and loan-to-value ratio.
Mortgage payments generally include principal and interest and may also include property taxes, homeowners insurance, and mortgage insurance if the down payment is less than 20%. Down payments commonly start at 3%, though 20% avoids extra mortgage insurance costs.
In summary, the average mortgage monthly payment varies by region and loan specifics but is roughly around $2,100 in the US and £1,400 in the UK for typical loans in 2025. The exact mortgage amount depends heavily on house price, down payment, interest rate, and loan term.
