One of the economic miracles between 2017 and 2020, was low monthly housing payments. But thanks to Bidenomics which led to higher interest payments on a 30-year mortgage, along with the higher costs to build new housing, a mortgage on a median value home has risen from the typical family by 75%. That’s more than $1,250 a month for 30 years.

This is the 30-year mortgage payment average interest rate applied to the average size of a new mortgage and then adjusted to include average PMI and escrow payment:

These costs dwarf the $25,000 taxpayer-funded down payment assistance that many on the Left are promising to offer new homebuyers to offset the effects of the inflation their spending spree caused in the first place.