After the Fed

Independent household explainer. Not the Federal Reserve, not a lender, not advice.

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Mortgage payment

This is principal and interest only. Property tax, insurance, and HOA sit on top. The default rate is this week’s Freddie Mac 30-year average, 6.95% as of September 17, 2026.

Principal and interest

  • Interest over the full term if the rate never changes
  • Total paid

Formula: standard fully amortizing payment. Source for the default rate: Freddie Mac PMMS, week of September 17, 2026. Not a lender quote.

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