How Much Does the First Year of Homeownership Cost in Large U.S. Cities?

We analyzed data for 20 of the largest U.S. cities.

Image is a table by SmartAsset titled "How Much Does the First Year of Homeownership Cost in Large U.S. Cities?"

1. We assumed a 20% down payment on the median-valued home in 2022.
2. This excludes escrow and prepaid expenses.
3. We assumed a 30-year fixed-rate mortgage with an interest rate of 6.0%.

Source: SmartAsset 2022 Study Get the data Embed