Here’s How Much Typical Homeowners Could Pay in Interest Alone in Every State

Think homeownership costs are limited to the mortgage when you buy a home? Think again. Depending on where you live in the United States, homeowners could be shelling out $500,000 — or more — on interest paid over the total mortgage.

To determine the estimated amount of interest paid by the typical homeowner, GOBankingRates found each state’s April 2024 home value and then calculated how much interest would be paid on a 30-year mortgage at the current 6.99% mortgage rate.

Key Findings

• Hawaii raced to the top as the state with the most interest paid over the total mortgage: an eye-gouging $1.1M.
• Though Hawaii is the only state that broke through the $1M interest paid ceiling, there are three other places where homeowners pay $700K plus in interest: Massachusetts ($719K), Washington, D.C. ($818K) and California ($898K).
• There is no U.S. state where homeowners pay $100K or less in interest. The state with the least interest paid over the total mortgage is West Virginia with $182K.
• The total spent on a 30-year mortgage, including interest, is more than $1M in eight states: Hawaii ($1.9M), California ($1.5M), the District of Columbia ($1.4M), Massachusetts ($1.2M), Washington ($1.2M), Colorado ($1.0M), New Jersey ($1.03M) and Utah ($1.02M). 

In order of most to least interest paid, here’s how much interest is costing homeowners across America.

• April 2024 home value: $996,982
• 30-year total spent on mortgage (including interest): $1,908,360
• Interest paid over total mortgage: $1,110,774
• Yearly average interest paid: $37,026

• April 2024 home value: $805,913
• 30-year total spent on mortgage (including interest): $1,542,629
• Interest paid over total mortgage: $897,898
• Yearly average interest paid: $29,930

• April 2024 home value: $734,216
• 30-year total spent on mortgage (including interest): $1,405,390
• Interest paid over total mortgage: $818,017
• Yearly average interest paid: $27,267

• April 2024 home value: $645,245
• 30-year total spent on mortgage (including interest): $1,235,087
• Interest paid over total mortgage: $718,891
• Yearly average interest paid: $23,963

• April 2024 home value: $611,215
• 30-year total spent on mortgage (including interest): $1,169,949
• Interest paid over total mortgage: $680,977
• Yearly average interest paid: $22,699

• April 2024 home value: $565,996
• 30-year total spent on mortgage (including interest): $1,083,393
• Interest paid over total mortgage: $630,597
• Yearly average interest paid: $21,020

• April 2024 home value: $539,808
• 30-year total spent on mortgage (including interest): $1,033,267
• Interest paid over total mortgage: $601,420
• Yearly average interest paid: $20,047

• April 2024 home value: $532,610
• 30-year total spent on mortgage (including interest): $1,019,489
• Interest paid over total mortgage: $593,401
• Yearly average interest paid: $19,780

• April 2024 home value: $508,948
• 30-year total spent on mortgage (including interest): $974,197
• Interest paid over total mortgage: $567,038
• Yearly average interest paid: $18,901

• April 2024 home value: $496,131
• 30-year total spent on mortgage (including interest): $949,663
• Interest paid over total mortgage: $552,758
• Yearly average interest paid: $18,425

• April 2024 home value: $468,795
• 30-year total spent on mortgage (including interest): $897,337
• Interest paid over total mortgage: $522,302
• Yearly average interest paid: $17,410

• April 2024 home value: $465,826
• 30-year total spent on mortgage (including interest): $891,655
• Interest paid over total mortgage: $518,994
• Yearly average interest paid: $17,300

• April 2024 home value: $456,935
• 30-year total spent on mortgage (including interest): $874,637
• Interest paid over total mortgage: $509,089
• Yearly average interest paid: $16,970

• April 2024 home value: $453,529
• 30-year total spent on mortgage (including interest): $868,116
• Interest paid over total mortgage: $505,293
• Yearly average interest paid: $16,843

• April 2024 home value: $443,585
• 30-year total spent on mortgage (including interest): $849,083
• Interest paid over total mortgage: $494,215
• Yearly average interest paid: $16,474

• April 2024 home value: $443,365
• 30-year total spent on mortgage (including interest): $848,661
• Interest paid over total mortgage: $493,969
• Yearly average interest paid: $16,466

• April 2024 home value: $430,752
• 30-year total spent on mortgage (including interest): $824,519
• Interest paid over total mortgage: $479,917
• Yearly average interest paid: $15,997

• April 2024 home value: $426,051
• 30-year total spent on mortgage (including interest): $815,520
• Interest paid over total mortgage: $474,679
• Yearly average interest paid: $15,823

• April 2024 home value: $417,228
• 30-year total spent on mortgage (including interest): $798,632
• Interest paid over total mortgage: $464,849
• Yearly average interest paid: $15,495

• April 2024 home value: $395,912
• 30-year total spent on mortgage (including interest): $757,830
• Interest paid over total mortgage: $441,101
• Yearly average interest paid: $14,703

• April 2024 home value: $395,830
• 30-year total spent on mortgage (including interest): $757,672
• Interest paid over total mortgage: $441,009
• Yearly average interest paid: $14,700

• April 2024 home value: $395,038
• 30-year total spent on mortgage (including interest): $756,156
• Interest paid over total mortgage: $440,126
• Yearly average interest paid: $14,671

• April 2024 home value: $387,386
• 30-year total spent on mortgage (including interest): $741,509
• Interest paid over total mortgage: $431,601
• Yearly average interest paid: $14,387

• April 2024 home value: $370,636
• 30-year total spent on mortgage (including interest): $709,448
• Interest paid over total mortgage: $412,939
• Yearly average interest paid: $13,765

• April 2024 home value: $343,331
• 30-year total spent on mortgage (including interest): $657,183
• Interest paid over total mortgage: $382,518
• Yearly average interest paid: $12,751

• April 2024 home value: $340,600
• 30-year total spent on mortgage (including interest): $651,955
• Interest paid over total mortgage: $379,475
• Yearly average interest paid: $12,649

• April 2024 home value: $334,220
• 30-year total spent on mortgage (including interest): $639,743
• Interest paid over total mortgage: $372,367
• Yearly average interest paid: $12,412

• April 2024 home value: $333,001
• 30-year total spent on mortgage (including interest): $637,410
• Interest paid over total mortgage: $371,009
• Yearly average interest paid: $12,367

• April 2024 home value: $320,570
• 30-year total spent on mortgage (including interest): $613,615
• Interest paid over total mortgage: $357,159
• Yearly average interest paid: $11,905

• April 2024 home value: $308,385
• 30-year total spent on mortgage (including interest): $590,292
• Interest paid over total mortgage: $343,583
• Yearly average interest paid: $11,453

• April 2024 home value: $306,460
• 30-year total spent on mortgage (including interest): $586,606
• Interest paid over total mortgage: $341,438
• Yearly average interest paid: $11,381

• April 2024 home value: $304,067
• 30-year total spent on mortgage (including interest): $582,026
• Interest paid over total mortgage: $338,773
• Yearly average interest paid: $11,292

• April 2024 home value: $303,510
• 30-year total spent on mortgage (including interest): $580,961
• Interest paid over total mortgage: $338,152
• Yearly average interest paid: $11,272

• April 2024 home value: $297,472
• 30-year total spent on mortgage (including interest): $569,403
• Interest paid over total mortgage: $331,425
• Yearly average interest paid: $11,048

• April 2024 home value: $268,364
• 30-year total spent on mortgage (including interest): $513,685
• Interest paid over total mortgage: $298,994
• Yearly average interest paid: $9,966

• April 2024 home value: $267,925
• 30-year total spent on mortgage (including interest): $512,844
• Interest paid over total mortgage: $298,505
• Yearly average interest paid: $9,950

• April 2024 home value: $262,095
• 30-year total spent on mortgage (including interest): $501,686
• Interest paid over total mortgage: $292,010
• Yearly average interest paid: $9,734

• April 2024 home value: $261,349
• 30-year total spent on mortgage (including interest): $500,258
• Interest paid over total mortgage: $291,179
• Yearly average interest paid: $9,706

• April 2024 home value: $249,223
• 30-year total spent on mortgage (including interest): $477,047
• Interest paid over total mortgage: $277,669
• Yearly average interest paid: $9,256

• April 2024 home value: $243,678
• 30-year total spent on mortgage (including interest): $466,433
• Interest paid over total mortgage: $271,491
• Yearly average interest paid: $9,050

• April 2024 home value: $242,614
• 30-year total spent on mortgage (including interest): $464,397
• Interest paid over total mortgage: $270,305
• Yearly average interest paid: $9,010

• April 2024 home value: $229,381
• 30-year total spent on mortgage (including interest): $439,066
• Interest paid over total mortgage: $255,562
• Yearly average interest paid: $8,519

• April 2024 home value: $227,532
• 30-year total spent on mortgage (including interest): $435,528
• Interest paid over total mortgage: $253,502
• Yearly average interest paid: $8,450

• April 2024 home value: $225,448
• 30-year total spent on mortgage (including interest): $431,539
• Interest paid over total mortgage: $251,180
• Yearly average interest paid: $8,373

• April 2024 home value: $222,018
• 30-year total spent on mortgage (including interest): $424,974
• Interest paid over total mortgage: $247,359
• Yearly average interest paid: $8,245

• April 2024 home value: $207,715
• 30-year total spent on mortgage (including interest): $397,595
• Interest paid over total mortgage: $231,423
• Yearly average interest paid: $7,714

• April 2024 home value: $207,527
• 30-year total spent on mortgage (including interest): $397,235
• Interest paid over total mortgage: $231,214
• Yearly average interest paid: $7,707

• April 2024 home value: $205,879
• 30-year total spent on mortgage (including interest): $394,081
• Interest paid over total mortgage: $229,378
• Yearly average interest paid: $7,646

• April 2024 home value: $203,195
• 30-year total spent on mortgage (including interest): $388,944
• Interest paid over total mortgage: $226,388
• Yearly average interest paid: $7,546

• April 2024 home value: $178,983
• 30-year total spent on mortgage (including interest): $342,597
• Interest paid over total mortgage: $199,411
• Yearly average interest paid: $6,647

• April 2024 home value: $163,143
• 30-year total spent on mortgage (including interest): $312,278
• Interest paid over total mortgage: $181,764
• Yearly average interest paid: $6,059

Methodology: For this piece, GOBankingRates first found the (1) April 2024 home value for every state, as sourced from Zillow’s April 2024 data. GOBankingRates was then able to find the following for each state: (2) 20% down payment cost; (3) loan amount; (4) monthly and yearly mortgage payment costs by assuming a 30-year fixed rate mortgage with a 6.99% rate, as sourced from Freddie Mac on June 10, 2024; (5) 30 year total spent on mortgage; and (6) interest paid on full mortgage. All data was collected and is up to date as of June 10, 2024.