Mortgage Calculator: Here’s How Much You Need To Buy a $430K Home at a 6.52% Rate

The average rate for a 30-year fixed mortgage increased to 6.52% for the week ending June 11, a 4-basis-point rise from the previous week's 6.48%, according to Freddie Mac. This slight increase in borrowing costs coincides with a rise in the median home price to $429,500. Despite these shifts, current rates are still lower than the 6.84% average recorded in June 2025, offering a monthly saving of $73 on principal and interest for a home at the median price with a 20% down payment. For a homebuyer purchasing a $429,500 home with a 20% down payment, the loan amount is $343,600. At the current 6.52% rate, the monthly principal and interest payment is approximately $2,176, a $9 increase from the prior week. Compared to the 6.84% rate in June 2025, which would have resulted in a $2,249 monthly payment, today's buyers are saving $73 monthly. For those utilizing FHA loans with a 3.5% down payment on a $429,500 home, the financed amount is approximately $414,468. At the 6.52% rate, the monthly principal and interest payment is about $2,625, an $11 increase from the previous week's $2,614. This is still $88 less per month than the $2,713 payment that would have been required at the 6.84% rate in June 2025, highlighting significant savings for FHA borrowers.