For Cassie, the hardest part isn't just the $900 monthly payment. Buyers carrying negative equity financed an average of nearly $56,000 in the first quarter of 2026, while their average monthly payment reached a record $932. Refinancing could lower Cassie's monthly payment, but it may not solve the bigger problem. It's easy to focus on whether you can afford the monthly payment. Now I'm stuck paying $900 a month and can't escape the paymentThis article provides information only and should not be construed as advice.