Stretch Your Budget: Cities with the Lowest Monthly Mortgage Payments

Home buyers can save thousands of dollars each year on mortgage payments by investing in real estate with others.

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Monthly mortgage payments were calculated based on the median-priced single-family home in each metropolitan statistical area, assuming a 20% down payment and a 30-year fixed mortgage at a 6.64% interest rate.

Chart: ZoocasaSource: National Association of RealtorsGet the dataCreated with Datawrapper