How Much Do You Need to Make to Afford a $5,000 Mortgage Payment?
Key Takeaways A $5,000 mortgage payment isn’t that unusual in states like California, Massachusetts, or New Jersey, where housing prices are higher than the national average. Not only do housing prices impact how much you pay for your mortgage, but today’s mortgage rates range from 6.78% to 7.06% across the U.S. which can cause you