Mortgage Calculator: Here’s How Much You Need To Buy a $430K Home at a 6.43% Rate

Mortgage rates fell to 6.43% for 30-year fixed loans, down from 6.49% the previous week and 6.67% a year ago. For a median-priced $429,500 home with 20% down, monthly payments dropped to about $2,156, saving $54 monthly compared to last year. FHA borrowers with 3.5% down pay around $2,601 monthly, saving $65 monthly versus last year. Long-term savings over 30 years exceed $113,000 for conventional and $136,000 for FHA loans compared to peak rates in 2023.