Denver ranks high on list where it’s hard to pay off a mortgage

Denver ranks high on list where it’s hard to pay off a mortgage.

You make your monthly payments but the balance never seems to go down much. Well, when it comes to the ease of paying off a home mortgage, location matters.

Personal finance siteSmartAsset did a survey of the 40 largest metro cities in the U.S. to determine which cities are the easiest and hardest to succeed in paying off a mortgage.

The site also analyzed each city’s income-to-housing payment ratio.

According to the Site, the easiest cities to pay off a mortgage, with ratio, are:

• Pittsburgh, Pennsylvania: 16.36%
• Houston, Texas: 17.09%
• Detroit, Michigan: 17.54%
• Cleveland, Ohio: 17.60%
• San Antonio, Texas: 17.67%
• Louis, Missouri: 17.94%
• Milwaukee, Wisconsin: 17.98%
• Philadelphia, Pennsylvania: 18.47%
• Cincinnati, Ohio: 18.73%
• Austin, Texas: 19.12%

Meanwhile, the hardest cities to pay off a mortgage with more than 29% ratio are:

• San Jose, California
• San Diego, California
• Los Angeles, California
• San Francisco, California
• Riverside, California
• Portland, Oregon
• Denver, Colorado
• Seattle, Washington
• Sacramento, California
• Las Vegas, Nevada

You can view SmartAsset’s full list here.

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