On $315,000 at 7.18%, the monthly payment is $1,939 over 50 years against $2,134 over 30
$2,122 a month over 50 years if the lender prices it 0.75 points higher (an assumption) · A loan of $315,000, 80% of the median new-house price of $393,300 (Census Bureau, Q3 2026), at the 30-year rate of 7.18% (Freddie Mac, 5 Nov)
Macro · Loans and mortgages · Freddie Mac (30-year fixed rate); Census Bureau (median new-house price) · 4 Nov 2026