Mortgage Calculator: Here’s How Much You Need To Buy a $430K Home at a 7.32% Rate

Mortgage rates fell for the first time in two months this week as investors sought safety in government bonds, spurred by cooling stock and tech markets and a sharp pullback in new-housing starts fueling inflation fears. The average rate on 30-year fixed home loans decreased to 7.32% for the week ending Oct. 22, down 8 basis points from 7.40% the prior week, according to Freddie Mac. The decline follows seven consecutive weeks of gains that sent mortgage rates to three-year highs, offering prospective homebuyers a modest reprieve. For perspective, rates averaged 6.19% during the same period in 2025.So what does this mean for homebuyers? Using the Realtor.com® mortgage calculator, we can look at how the math works out for the median-priced home in the U.S.All examples assume a 30-year fixed mortgage and include principal and interest only, excluding property taxes, homeowners insurance, and mortgage insurance.Monthly mortgage payment today with a 20% down paymentFor a homebuyer eyeing the median house price of $430,000, a 20% down payment results in a loan amount of $344,000. At today's 7.32% rate, the monthly principal and interest payment is approximately $2,363. This reflects a $...