Mortgage payments in area's most expensive communities

This chart shows typical monthly payments for mortgage principal and interest; property taxes; private mortgage insurance and home insurance in August 2021 and August 2023.

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Assumptions: 10% down payment | Annual property tax: 1.1% of home value | Annual PMI: 0.45% of home value | Annual home insurance: 0.38% of home value.

Chart: Phillip ReeseSource: Zillow | St. Louis Fed | Freddie Mac | BankrateGet the data