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The median household income in the United States is $46,326.
When you break this down by 12 months, it wind up to $3,860/month
Answer: That's the average monthly salary, not the monthly mortgage payment! If you paid out your entire salary in a mortgage payment, you'd have nothing left for other expenses, like utilities and food.
What else can I help you with?
How much higher are the literacy rates in the US and Canada than the world average?
The literacy rates in the US and Canada are significantly higher than the world average. In the US, the literacy rate is around 99%, while in Canada it is around 99%. The world average literacy rate is estimated to be around 86%.
How much is the average welfare check in the US for a family of 4?
The average welfare check amount for a family of 4 in the US varies by state, but it typically ranges from $500 to $1200 per month. This amount can fluctuate based on factors such as household income and expenses.
What is the us average for the 50 yard dash?
The average time for a 50-yard dash can vary depending on age and gender. In general, for adults, an average time might be around 7-8 seconds. However, elite athletes can complete it in under 6 seconds.
What was the average income in the US in 1999?
The average income in the US in 1999 was around $40,000 per year.
What is the average population density of cities in the US?
309,162,5819.9% 309,162,581 average population density of cities in the us
How much is the Average size of mortgage in US?
As of Q2 2010 the Average mortgage in the US was $193,800.
What is the average mortgage balance in the united staTES?
According the Kansas City Federal Reserve Bank, the average mortgage balance in the US is $181,225. Source: http://www.kc.frb.org/comaffrs/subprime/Omaha.07.02.08.pdf
What is the Average length of a us mortgage?
25 years.
What is the average cost of monthly mortgage in US for 2008?
depends on your loan
1950s US average mortgage payment?
seventy five dollars
What is the average checking account balance in the US?
a grand
What is the average payment of a mortgage bill?
According to the US census bureau, the average mortgage payment was 1307 dollars in 2000. http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/09/16/RE227481.DTL
Who owns the house after insurance company pays off mortgage following a total fire loss?
my mortgage balance is less than the total loss insurance claim check, how do i get the money difference to rebuild? I would like to keep the loan in place and have the money to replace the home that burned, the check is made out to both of us, mortgage company and us. Will they refund the money or pay off the loan? I need the balance to make improvements on the home that we are replacing. Which would be valued more.
Can a mortgage broker process his own mortgage application?
Yes In the US, no.
What percent of us homes have no mortgage?
According to the US Census about 70 percent of homes have a mortgage and 30 percent do not.
How much is the average mortgage amount in the us?
As of the end of the fourth quarter of 2009, there was approximately $14.3 trillion in outstanding mortgage debt outstanding. Of the $14.3 trillion, $2.5 represented non-residential debt, leaving $11.8 trillion due to residential owners. At the end of 2009, there were approximately 129.9 million housing units in the United States of which 66.2% were owned by the people living in them. Of this 86.0 million housing units, approximately 20% own their homes "free and clear" (except, of course, for property taxes), suggesting that there are approximately 68.8 million housing units with debt underlying the ownership. The average mortgage balance, then, is just short of $172,000 (and, evidently 10% of the population have mortgages outstanding of over $250,000).
How does the mortgage balance get paid when you get a reverse mortgage?
Senior homeowners in US who have a lot of equity in their homes can qualify for these loans. Rather than making monthly mortgage payments to the lender, the homeowners can use the equity in their home to receive monthly payments from the lender. The borrower does not have the responsibility of paying off the loan till the time he lives in his home or expires.
