Over 30 years, the typical home buyer pays $736,260 back to the lender on a $322,560 loan for the median-priced home, more than twice what they originally borrowed.
A buyer who purchases the median-priced U.S. home today with 20% down will pay $413,700 in interest over a 30-year mortgage at the current 6.53% rate, according to a new report from Best Interest Financial and Clever Real Estate, a St. Louis-based real estate company.
That is $10,500 more than the home itself costs. Put another way, buyers will pay 102.6% of the home’s price again in interest, a ratio that recently crossed 100% for the first time since September 2025…