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Buying A Mortgage In The United States, How Much Does It Cost?

Buying a mortgage in the United States

According to the latest statistics from HSH.com, for a 20-year mortgage, a US citizen earns a minimum income of $ 31,962 /year (about VND 707 million) Monthly payment of $ 746 (about VND 17 million).

More specifically, in the list of 27 most populous cities in the United States, San Francisco is the area that requires the highest annual income ($ 152,173) to own a home, whereas Pittsburgh is the claimant city. Ask the lowest annual income ($ 31,962).

According to HSH.com statistics, the average price of a house in the US in 2016 is $ 240,900.

Read more: Vietnam Real Estate News

Below, Vietnam Real Estate detailed some of the criteria such as annual income, average home prices and monthly payments of 27 US cities for readers to have a clearer view on the issue:

Buying a mortgage in the United States
San Francisco: Annual income $152,173, Average house price $ 835,400, Monthly Payment $3.551
Buying a mortgage in the United States
San Diego: Annual Income $108,654, Average Price $589,300, Monthly Payment $ 2.535
Buying a mortgage in the United States
LosAngeles: Annual income $100,147, Average house price $ 536,700, Monthly payment $ 2,337
Buying a mortgage in the United States
Boston: Annual income $86.054, Average house price $ 435,300, Monthly payment $2,008
Buying a mortgage in the United States
NewYork City: Annual Income $ 85,488, Average House Price $397,600, Monthly Payment $ 1,995
Buying a mortgage in the United States
Seattle: Annual income $81,774, Average house price $ 422,100, Monthly payment $1,908
Buying a mortgage in the United States
Washington: Annual income $78,460, Average house price $393,500, Monthly payment $ 1.831
Buying a mortgage in the United States
Denver: Annual income $ 70,741, Average house price $ 386,800, Monthly payment $1,651
Buying a mortgage in the United States
Portland: Annual Income $69,786, Average Home Price $358,500, Monthly Rate $1,628
Buying a mortgage in the United States
Miami: Annual Income $64,879, Average Price $315,000, Monthly Payment $1.514
Buying a mortgage in the United States
Sacramento: Annual income $64,748, Average house price $327,000, Monthly payment $1.511
Buying a mortgage in the United States
Chicago: Annual Income $61,291, Average Home Price $244,100, Monthly Payment $1.430
Buying a mortgage in the United States
Baltimore: Annual income $55,935, Average house price $264,300, Monthly payment $1,305
Buying a mortgage in the United States
Dallas: Annual income $53,824, Average house price $230,500, Monthly payment $1,256
Buying a mortgage in the United States
Philadelphia: Annual income $53,108, Average house price $234,800, Monthly payment $1,239
Buying a mortgage in the United States
Houston: Annual Income $51,560, Average Home Price $217,400, Monthly Payment $1,203
Buying a mortgage in the United States
Minneapolis: Annual income $50,630, Average house price $240,300, Monthly payment $1,181
Buying a mortgage in the United States
Orlando: Annual income $49,811, Average house price $229,900, Monthly payment $1,162
Buying a mortgage in the United States
SanAntonio: Annual income $48,341, Average house price $212,300, Monthly payment $1,128
Buying a mortgage in the United States
Tampa: Annual income $44,897, Average house price $205,000, Monthly payment $1,048
Buying a mortgage in the United States
Phoenix: Annual income $44,129, Average house price $235,300, Monthly payment $1,030
Buying a mortgage in the United States
Atlanta: Annual income $39,385, Average house price $191,500, Monthly payment $919
Buying a mortgage in the United States
Detroit: Annual income $39,033, Average house price $ 170,817, Monthly payment $911
Buying a mortgage in the United States
StLouis: Annual income $37,527, Average house price $170,000, Monthly payment $876
Buying a mortgage in the United States
Cincinnati: Annual income $36,117, Average house price $157,000, Monthly payment $843
Buying a mortgage in the United States
Cleveland: Annual income $34,185, Average house price $138,900, Monthly payment $798
Buying a mortgage in the United States
Pittsburgh: Annual Income $31,962, Average Home Price $140,000, Monthlypayment  $746

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