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The (Big) Check's in the Mail

September 08, 1996

Cities with biggest average monthly mortgage payments:

1. Honolulu............$1,800

2. San Francisco.......$1,760

3. New York............$1,520

4. Boston..............$1,470

5. Los Angeles.........$1,440

City with smallest average monthly payment:

Pittsburgh.............$710

(Survey of 31 metro areas, based on 1995 purchase of typical home, 20% down, 30-year loan)

Source: U.S. Housing Markets/Hanley Wood Inc.

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