More than a dozen states and the District of Columbia have raised the minimum required down payment for mortgages to 3 percent from 2.5 percent, with New York the only state to keep it at that level.
But many people are struggling to pay their mortgages and many are still struggling to get a mortgage, which is why a survey released Wednesday found that the median homeowner in every state and the nation is spending $4,000 a year more than the median household in the city they live in.
The median homeowner is paying $2,400 more in mortgage payments per year than they would if they lived in New York City, the survey found.
A quarter of homeowners have spent more than $20,000 in mortgage fees on mortgages over the past year, according to the report by the research firm CQ Group.
About 1 in 10 borrowers in New England and the Northeast are paying more than 3 percent, according the survey, and half of those borrowers have spent a median of more than 2.2 percent.