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Monthly mortgage payment

Part A - Short definition:

Not applicable

Part B - Detailed definition:

Refers to regular monthly mortgage or loan payments for the dwelling.

Reported in:

2011

Reported for:

Private households in owner-occupied non-farm dwellings

Question number(s):

Direct variable: Question E10(a)

Responses:

None; Dollar value

Remarks:

In cases where mortgage payments are made in increments other than monthly (e.g., bi-weekly), all payments made in that year are added and then divided by 12, to obtain the average monthly amount paid.

See the definition Owner's major payments.

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