$151,000 Mortgage for 30 Years

What is the monthly payment of a 151,000 dollar loan? (adjust inputs to calculate new loan)
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Loan Tables for a $151,000 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 151k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $151,000 home? What if I pay a bigger down payment? Make sure to think about maintenance costs, taxes, insurance, and other costs.

Use this to calculate a loan for anything, such as a vehicle, business loan, home, RV, motor home, mobile home, manufactured home, real estate, land, vacation property, education, or any type of debt.
Interest Rate 30 Year
151,000 at 2.01%$558.88
151,000 at 2.02%$559.64
151,000 at 2.03%$560.39
151,000 at 2.04%$561.15
151,000 at 2.05%$561.91
151,000 at 2.06%$562.67
151,000 at 2.07%$563.43
151,000 at 2.08%$564.19
151,000 at 2.09%$564.95
151,000 at 2.1%$565.71
151,000 at 2.11%$566.47
151,000 at 2.12%$567.23
151,000 at 2.13%$567.99
151,000 at 2.14%$568.76
151,000 at 2.15%$569.52
151,000 at 2.16%$570.28
151,000 at 2.17%$571.05
151,000 at 2.18%$571.82
151,000 at 2.19%$572.58
151,000 at 2.2%$573.35
151,000 at 2.21%$574.12
151,000 at 2.22%$574.88
151,000 at 2.23%$575.65
151,000 at 2.24%$576.42
151,000 at 2.25%$577.19
151,000 at 2.26%$577.96
151,000 at 2.27%$578.73
151,000 at 2.28%$579.50
151,000 at 2.29%$580.28
151,000 at 2.3%$581.05
151,000 at 2.31%$581.82
151,000 at 2.32%$582.60
151,000 at 2.33%$583.37
151,000 at 2.34%$584.15
151,000 at 2.35%$584.92
151,000 at 2.36%$585.70
151,000 at 2.37%$586.48
151,000 at 2.38%$587.25
151,000 at 2.39%$588.03
151,000 at 2.4%$588.81
151,000 at 2.41%$589.59
151,000 at 2.42%$590.37
151,000 at 2.43%$591.15
151,000 at 2.44%$591.93
151,000 at 2.45%$592.71
151,000 at 2.46%$593.50
151,000 at 2.47%$594.28
151,000 at 2.48%$595.06
151,000 at 2.49%$595.85
151,000 at 2.5%$596.63
151,000 at 2.51%$597.42
151,000 at 2.52%$598.20
151,000 at 2.53%$598.99
151,000 at 2.54%$599.78
151,000 at 2.55%$600.57
151,000 at 2.56%$601.35
151,000 at 2.57%$602.14
151,000 at 2.58%$602.93
151,000 at 2.59%$603.72
151,000 at 2.6%$604.51
151,000 at 2.61%$605.30
151,000 at 2.62%$606.10
151,000 at 2.63%$606.89
151,000 at 2.64%$607.68
151,000 at 2.65%$608.48
151,000 at 2.66%$609.27
151,000 at 2.67%$610.06
151,000 at 2.68%$610.86
151,000 at 2.69%$611.66
151,000 at 2.7%$612.45
151,000 at 2.71%$613.25
151,000 at 2.72%$614.05
151,000 at 2.73%$614.85
151,000 at 2.74%$615.64
151,000 at 2.75%$616.44
151,000 at 2.76%$617.24
151,000 at 2.77%$618.04
151,000 at 2.78%$618.85
151,000 at 2.79%$619.65
151,000 at 2.8%$620.45
151,000 at 2.81%$621.25
151,000 at 2.82%$622.06
151,000 at 2.83%$622.86
151,000 at 2.84%$623.67
151,000 at 2.85%$624.47
151,000 at 2.86%$625.28
151,000 at 2.87%$626.08
151,000 at 2.88%$626.89
151,000 at 2.89%$627.70
151,000 at 2.9%$628.51
151,000 at 2.91%$629.32
151,000 at 2.92%$630.13
151,000 at 2.93%$630.94
151,000 at 2.94%$631.75
151,000 at 2.95%$632.56
151,000 at 2.96%$633.37
151,000 at 2.97%$634.18
151,000 at 2.98%$634.99
151,000 at 2.99%$635.81
151,000 at 3%$636.62
151,000 at 3.01%$637.44
151,000 at 3.02%$638.25
151,000 at 3.03%$639.07
151,000 at 3.04%$639.88
151,000 at 3.05%$640.70
151,000 at 3.06%$641.52
151,000 at 3.07%$642.34
151,000 at 3.08%$643.16
151,000 at 3.09%$643.97
151,000 at 3.1%$644.79
151,000 at 3.11%$645.62
151,000 at 3.12%$646.44
151,000 at 3.13%$647.26
151,000 at 3.14%$648.08
151,000 at 3.15%$648.90
151,000 at 3.16%$649.73
151,000 at 3.17%$650.55
151,000 at 3.18%$651.37
151,000 at 3.19%$652.20
151,000 at 3.2%$653.02
151,000 at 3.21%$653.85
151,000 at 3.22%$654.68
151,000 at 3.23%$655.51
151,000 at 3.24%$656.33
151,000 at 3.25%$657.16
151,000 at 3.26%$657.99
151,000 at 3.27%$658.82
151,000 at 3.28%$659.65
151,000 at 3.29%$660.48
151,000 at 3.3%$661.31
151,000 at 3.31%$662.14
151,000 at 3.32%$662.98
151,000 at 3.33%$663.81
151,000 at 3.34%$664.64
151,000 at 3.35%$665.48
151,000 at 3.36%$666.31
151,000 at 3.37%$667.15
151,000 at 3.38%$667.98
151,000 at 3.39%$668.82
151,000 at 3.4%$669.66
151,000 at 3.41%$670.49
151,000 at 3.42%$671.33
151,000 at 3.43%$672.17
151,000 at 3.44%$673.01
151,000 at 3.45%$673.85
151,000 at 3.46%$674.69
151,000 at 3.47%$675.53
151,000 at 3.48%$676.37
151,000 at 3.49%$677.21
151,000 at 3.5%$678.06
Interest Rate 30 Year
151,000 at 3.51%$678.90
151,000 at 3.52%$679.74
151,000 at 3.53%$680.59
151,000 at 3.54%$681.43
151,000 at 3.55%$682.28
151,000 at 3.56%$683.12
151,000 at 3.57%$683.97
151,000 at 3.58%$684.82
151,000 at 3.59%$685.67
151,000 at 3.6%$686.51
151,000 at 3.61%$687.36
151,000 at 3.62%$688.21
151,000 at 3.63%$689.06
151,000 at 3.64%$689.91
151,000 at 3.65%$690.76
151,000 at 3.66%$691.62
151,000 at 3.67%$692.47
151,000 at 3.68%$693.32
151,000 at 3.69%$694.17
151,000 at 3.7%$695.03
151,000 at 3.71%$695.88
151,000 at 3.72%$696.74
151,000 at 3.73%$697.59
151,000 at 3.74%$698.45
151,000 at 3.75%$699.30
151,000 at 3.76%$700.16
151,000 at 3.77%$701.02
151,000 at 3.78%$701.88
151,000 at 3.79%$702.74
151,000 at 3.8%$703.60
151,000 at 3.81%$704.46
151,000 at 3.82%$705.32
151,000 at 3.83%$706.18
151,000 at 3.84%$707.04
151,000 at 3.85%$707.90
151,000 at 3.86%$708.76
151,000 at 3.87%$709.63
151,000 at 3.88%$710.49
151,000 at 3.89%$711.35
151,000 at 3.9%$712.22
151,000 at 3.91%$713.08
151,000 at 3.92%$713.95
151,000 at 3.93%$714.82
151,000 at 3.94%$715.68
151,000 at 3.95%$716.55
151,000 at 3.96%$717.42
151,000 at 3.97%$718.29
151,000 at 3.98%$719.16
151,000 at 3.99%$720.03
151,000 at 4%$720.90
151,000 at 4.01%$721.77
151,000 at 4.02%$722.64
151,000 at 4.03%$723.51
151,000 at 4.04%$724.38
151,000 at 4.05%$725.26
151,000 at 4.06%$726.13
151,000 at 4.07%$727.00
151,000 at 4.08%$727.88
151,000 at 4.09%$728.75
151,000 at 4.1%$729.63
151,000 at 4.11%$730.51
151,000 at 4.12%$731.38
151,000 at 4.13%$732.26
151,000 at 4.14%$733.14
151,000 at 4.15%$734.02
151,000 at 4.16%$734.89
151,000 at 4.17%$735.77
151,000 at 4.18%$736.65
151,000 at 4.19%$737.53
151,000 at 4.2%$738.42
151,000 at 4.21%$739.30
151,000 at 4.22%$740.18
151,000 at 4.23%$741.06
151,000 at 4.24%$741.95
151,000 at 4.25%$742.83
151,000 at 4.26%$743.71
151,000 at 4.27%$744.60
151,000 at 4.28%$745.48
151,000 at 4.29%$746.37
151,000 at 4.3%$747.26
151,000 at 4.31%$748.14
151,000 at 4.32%$749.03
151,000 at 4.33%$749.92
151,000 at 4.34%$750.81
151,000 at 4.35%$751.70
151,000 at 4.36%$752.59
151,000 at 4.37%$753.48
151,000 at 4.38%$754.37
151,000 at 4.39%$755.26
151,000 at 4.4%$756.15
151,000 at 4.41%$757.04
151,000 at 4.42%$757.93
151,000 at 4.43%$758.83
151,000 at 4.44%$759.72
151,000 at 4.45%$760.62
151,000 at 4.46%$761.51
151,000 at 4.47%$762.41
151,000 at 4.48%$763.30
151,000 at 4.49%$764.20
151,000 at 4.5%$765.09
151,000 at 4.51%$765.99
151,000 at 4.52%$766.89
151,000 at 4.53%$767.79
151,000 at 4.54%$768.69
151,000 at 4.55%$769.59
151,000 at 4.56%$770.49
151,000 at 4.57%$771.39
151,000 at 4.58%$772.29
151,000 at 4.59%$773.19
151,000 at 4.6%$774.09
151,000 at 4.61%$775.00
151,000 at 4.62%$775.90
151,000 at 4.63%$776.80
151,000 at 4.64%$777.71
151,000 at 4.65%$778.61
151,000 at 4.66%$779.52
151,000 at 4.67%$780.42
151,000 at 4.68%$781.33
151,000 at 4.69%$782.24
151,000 at 4.7%$783.14
151,000 at 4.71%$784.05
151,000 at 4.72%$784.96
151,000 at 4.73%$785.87
151,000 at 4.74%$786.78
151,000 at 4.75%$787.69
151,000 at 4.76%$788.60
151,000 at 4.77%$789.51
151,000 at 4.78%$790.42
151,000 at 4.79%$791.33
151,000 at 4.8%$792.24
151,000 at 4.81%$793.16
151,000 at 4.82%$794.07
151,000 at 4.83%$794.99
151,000 at 4.84%$795.90
151,000 at 4.85%$796.81
151,000 at 4.86%$797.73
151,000 at 4.87%$798.65
151,000 at 4.88%$799.56
151,000 at 4.89%$800.48
151,000 at 4.9%$801.40
151,000 at 4.91%$802.32
151,000 at 4.92%$803.23
151,000 at 4.93%$804.15
151,000 at 4.94%$805.07
151,000 at 4.95%$805.99
151,000 at 4.96%$806.91
151,000 at 4.97%$807.83
151,000 at 4.98%$808.76
151,000 at 4.99%$809.68
151,000 at 5%$810.60
Interest Rate 30 Year
151,000 at 5.01%$811.52
151,000 at 5.02%$812.45
151,000 at 5.03%$813.37
151,000 at 5.04%$814.30
151,000 at 5.05%$815.22
151,000 at 5.06%$816.15
151,000 at 5.07%$817.07
151,000 at 5.08%$818.00
151,000 at 5.09%$818.93
151,000 at 5.1%$819.85
151,000 at 5.11%$820.78
151,000 at 5.12%$821.71
151,000 at 5.13%$822.64
151,000 at 5.14%$823.57
151,000 at 5.15%$824.50
151,000 at 5.16%$825.43
151,000 at 5.17%$826.36
151,000 at 5.18%$827.29
151,000 at 5.19%$828.22
151,000 at 5.2%$829.16
151,000 at 5.21%$830.09
151,000 at 5.22%$831.02
151,000 at 5.23%$831.96
151,000 at 5.24%$832.89
151,000 at 5.25%$833.83
151,000 at 5.26%$834.76
151,000 at 5.27%$835.70
151,000 at 5.28%$836.64
151,000 at 5.29%$837.57
151,000 at 5.3%$838.51
151,000 at 5.31%$839.45
151,000 at 5.32%$840.39
151,000 at 5.33%$841.33
151,000 at 5.34%$842.26
151,000 at 5.35%$843.20
151,000 at 5.36%$844.15
151,000 at 5.37%$845.09
151,000 at 5.38%$846.03
151,000 at 5.39%$846.97
151,000 at 5.4%$847.91
151,000 at 5.41%$848.85
151,000 at 5.42%$849.80
151,000 at 5.43%$850.74
151,000 at 5.44%$851.69
151,000 at 5.45%$852.63
151,000 at 5.46%$853.58
151,000 at 5.47%$854.52
151,000 at 5.48%$855.47
151,000 at 5.49%$856.41
151,000 at 5.5%$857.36
151,000 at 5.51%$858.31
151,000 at 5.52%$859.26
151,000 at 5.53%$860.21
151,000 at 5.54%$861.15
151,000 at 5.55%$862.10
151,000 at 5.56%$863.05
151,000 at 5.57%$864.00
151,000 at 5.58%$864.96
151,000 at 5.59%$865.91
151,000 at 5.6%$866.86
151,000 at 5.61%$867.81
151,000 at 5.62%$868.76
151,000 at 5.63%$869.72
151,000 at 5.64%$870.67
151,000 at 5.65%$871.63
151,000 at 5.66%$872.58
151,000 at 5.67%$873.54
151,000 at 5.68%$874.49
151,000 at 5.69%$875.45
151,000 at 5.7%$876.40
151,000 at 5.71%$877.36
151,000 at 5.72%$878.32
151,000 at 5.73%$879.28
151,000 at 5.74%$880.24
151,000 at 5.75%$881.20
151,000 at 5.76%$882.15
151,000 at 5.77%$883.11
151,000 at 5.78%$884.07
151,000 at 5.79%$885.04
151,000 at 5.8%$886.00
151,000 at 5.81%$886.96
151,000 at 5.82%$887.92
151,000 at 5.83%$888.88
151,000 at 5.84%$889.85
151,000 at 5.85%$890.81
151,000 at 5.86%$891.77
151,000 at 5.87%$892.74
151,000 at 5.88%$893.70
151,000 at 5.89%$894.67
151,000 at 5.9%$895.64
151,000 at 5.91%$896.60
151,000 at 5.92%$897.57
151,000 at 5.93%$898.54
151,000 at 5.94%$899.50
151,000 at 5.95%$900.47
151,000 at 5.96%$901.44
151,000 at 5.97%$902.41
151,000 at 5.98%$903.38
151,000 at 5.99%$904.35
151,000 at 6%$905.32
151,000 at 6.01%$906.29
151,000 at 6.02%$907.26
151,000 at 6.03%$908.24
151,000 at 6.04%$909.21
151,000 at 6.05%$910.18
151,000 at 6.06%$911.15
151,000 at 6.07%$912.13
151,000 at 6.08%$913.10
151,000 at 6.09%$914.08
151,000 at 6.1%$915.05
151,000 at 6.11%$916.03
151,000 at 6.12%$917.00
151,000 at 6.13%$917.98
151,000 at 6.14%$918.96
151,000 at 6.15%$919.93
151,000 at 6.16%$920.91
151,000 at 6.17%$921.89
151,000 at 6.18%$922.87
151,000 at 6.19%$923.85
151,000 at 6.2%$924.83
151,000 at 6.21%$925.81
151,000 at 6.22%$926.79
151,000 at 6.23%$927.77
151,000 at 6.24%$928.75
151,000 at 6.25%$929.73
151,000 at 6.26%$930.72
151,000 at 6.27%$931.70
151,000 at 6.28%$932.68
151,000 at 6.29%$933.66
151,000 at 6.3%$934.65
151,000 at 6.31%$935.63
151,000 at 6.32%$936.62
151,000 at 6.33%$937.60
151,000 at 6.34%$938.59
151,000 at 6.35%$939.58
151,000 at 6.36%$940.56
151,000 at 6.37%$941.55
151,000 at 6.38%$942.54
151,000 at 6.39%$943.53
151,000 at 6.4%$944.51
151,000 at 6.41%$945.50
151,000 at 6.42%$946.49
151,000 at 6.43%$947.48
151,000 at 6.44%$948.47
151,000 at 6.45%$949.46
151,000 at 6.46%$950.45
151,000 at 6.47%$951.45
151,000 at 6.48%$952.44
151,000 at 6.49%$953.43
151,000 at 6.5%$954.42
Interest Rate 30 Year
151,000 at 6.51%$955.42
151,000 at 6.52%$956.41
151,000 at 6.53%$957.40
151,000 at 6.54%$958.40
151,000 at 6.55%$959.39
151,000 at 6.56%$960.39
151,000 at 6.57%$961.38
151,000 at 6.58%$962.38
151,000 at 6.59%$963.38
151,000 at 6.6%$964.37
151,000 at 6.61%$965.37
151,000 at 6.62%$966.37
151,000 at 6.63%$967.37
151,000 at 6.64%$968.37
151,000 at 6.65%$969.37
151,000 at 6.66%$970.37
151,000 at 6.67%$971.37
151,000 at 6.68%$972.37
151,000 at 6.69%$973.37
151,000 at 6.7%$974.37
151,000 at 6.71%$975.37
151,000 at 6.72%$976.37
151,000 at 6.73%$977.38
151,000 at 6.74%$978.38
151,000 at 6.75%$979.38
151,000 at 6.76%$980.39
151,000 at 6.77%$981.39
151,000 at 6.78%$982.40
151,000 at 6.79%$983.40
151,000 at 6.8%$984.41
151,000 at 6.81%$985.41
151,000 at 6.82%$986.42
151,000 at 6.83%$987.43
151,000 at 6.84%$988.43
151,000 at 6.85%$989.44
151,000 at 6.86%$990.45
151,000 at 6.87%$991.46
151,000 at 6.88%$992.47
151,000 at 6.89%$993.48
151,000 at 6.9%$994.49
151,000 at 6.91%$995.50
151,000 at 6.92%$996.51
151,000 at 6.93%$997.52
151,000 at 6.94%$998.53
151,000 at 6.95%$999.54
151,000 at 6.96%$1,000.55
151,000 at 6.97%$1,001.57
151,000 at 6.98%$1,002.58
151,000 at 6.99%$1,003.59
151,000 at 7%$1,004.61
151,000 at 7.01%$1,005.62
151,000 at 7.02%$1,006.64
151,000 at 7.03%$1,007.65
151,000 at 7.04%$1,008.67
151,000 at 7.05%$1,009.68
151,000 at 7.06%$1,010.70
151,000 at 7.07%$1,011.72
151,000 at 7.08%$1,012.73
151,000 at 7.09%$1,013.75
151,000 at 7.1%$1,014.77
151,000 at 7.11%$1,015.79
151,000 at 7.12%$1,016.81
151,000 at 7.13%$1,017.82
151,000 at 7.14%$1,018.84
151,000 at 7.15%$1,019.86
151,000 at 7.16%$1,020.88
151,000 at 7.17%$1,021.91
151,000 at 7.18%$1,022.93
151,000 at 7.19%$1,023.95
151,000 at 7.2%$1,024.97
151,000 at 7.21%$1,025.99
151,000 at 7.22%$1,027.02
151,000 at 7.23%$1,028.04
151,000 at 7.24%$1,029.06
151,000 at 7.25%$1,030.09
151,000 at 7.26%$1,031.11
151,000 at 7.27%$1,032.14
151,000 at 7.28%$1,033.16
151,000 at 7.29%$1,034.19
151,000 at 7.3%$1,035.21
151,000 at 7.31%$1,036.24
151,000 at 7.32%$1,037.27
151,000 at 7.33%$1,038.29
151,000 at 7.34%$1,039.32
151,000 at 7.35%$1,040.35
151,000 at 7.36%$1,041.38
151,000 at 7.37%$1,042.40
151,000 at 7.38%$1,043.43
151,000 at 7.39%$1,044.46
151,000 at 7.4%$1,045.49
151,000 at 7.41%$1,046.52
151,000 at 7.42%$1,047.55
151,000 at 7.43%$1,048.59
151,000 at 7.44%$1,049.62
151,000 at 7.45%$1,050.65
151,000 at 7.46%$1,051.68
151,000 at 7.47%$1,052.71
151,000 at 7.48%$1,053.75
151,000 at 7.49%$1,054.78
151,000 at 7.5%$1,055.81
151,000 at 7.51%$1,056.85
151,000 at 7.52%$1,057.88
151,000 at 7.53%$1,058.92
151,000 at 7.54%$1,059.95
151,000 at 7.55%$1,060.99
151,000 at 7.56%$1,062.02
151,000 at 7.57%$1,063.06
151,000 at 7.58%$1,064.10
151,000 at 7.59%$1,065.14
151,000 at 7.6%$1,066.17
151,000 at 7.61%$1,067.21
151,000 at 7.62%$1,068.25
151,000 at 7.63%$1,069.29
151,000 at 7.64%$1,070.33
151,000 at 7.65%$1,071.37
151,000 at 7.66%$1,072.41
151,000 at 7.67%$1,073.45
151,000 at 7.68%$1,074.49
151,000 at 7.69%$1,075.53
151,000 at 7.7%$1,076.57
151,000 at 7.71%$1,077.61
151,000 at 7.72%$1,078.65
151,000 at 7.73%$1,079.70
151,000 at 7.74%$1,080.74
151,000 at 7.75%$1,081.78
151,000 at 7.76%$1,082.83
151,000 at 7.77%$1,083.87
151,000 at 7.78%$1,084.91
151,000 at 7.79%$1,085.96
151,000 at 7.8%$1,087.00
151,000 at 7.81%$1,088.05
151,000 at 7.82%$1,089.10
151,000 at 7.83%$1,090.14
151,000 at 7.84%$1,091.19
151,000 at 7.85%$1,092.24
151,000 at 7.86%$1,093.28
151,000 at 7.87%$1,094.33
151,000 at 7.88%$1,095.38
151,000 at 7.89%$1,096.43
151,000 at 7.9%$1,097.48
151,000 at 7.91%$1,098.53
151,000 at 7.92%$1,099.57
151,000 at 7.93%$1,100.62
151,000 at 7.94%$1,101.68
151,000 at 7.95%$1,102.73
151,000 at 7.96%$1,103.78
151,000 at 7.97%$1,104.83
151,000 at 7.98%$1,105.88
151,000 at 7.99%$1,106.93
151,000 at 8%$1,107.98
More Amounts
151,050
151,100
151,150
151,200
151,250
151,300
151,350
151,400
151,450
151,500
151,550
151,600
151,650
151,700
151,750
151,800
151,850
151,900
151,950
152,000
What is the down payment for a $151,000 house? How much do you need to put down?
Percent Down Down Payment
1%1,510
2%3,020
3%4,530
4%6,040
5%7,550
6%9,060
7%10,570
8%12,080
9%13,590
10%15,100
11%16,610
12%18,120
13%19,630
14%21,140
15%22,650
16%24,160
17%25,670
18%27,180
19%28,690
20%30,200
Percent Down Down Payment
21%31,710
22%33,220
23%34,730
24%36,240
25%37,750
26%39,260
27%40,770
28%42,280
29%43,790
30%45,300
31%46,810
32%48,320
33%49,830
34%51,340
35%52,850
36%54,360
37%55,870
38%57,380
39%58,890
40%60,400
Percent Down Down Payment
41%61,910
42%63,420
43%64,930
44%66,440
45%67,950
46%69,460
47%70,970
48%72,480
49%73,990
50%75,500
51%77,010
52%78,520
53%80,030
54%81,540
55%83,050
56%84,560
57%86,070
58%87,580
59%89,090
60%90,600
Percent Down Down Payment
61%92,110
62%93,620
63%95,130
64%96,640
65%98,150
66%99,660
67%101,170
68%102,680
69%104,190
70%105,700
71%107,210
72%108,720
73%110,230
74%111,740
75%113,250
76%114,760
77%116,270
78%117,780
79%119,290
80%120,800
Percent Down Down Payment
81%122,310
82%123,820
83%125,330
84%126,840
85%128,350
86%129,860
87%131,370
88%132,880
89%134,390
90%135,900
91%137,410
92%138,920
93%140,430
94%141,940
95%143,450
96%144,960
97%146,470
98%147,980
99%149,490
100%151,000
Common Loan Vocabulary Terms
APR Annual Percentage Rate, the annual cost of borrowing or lending money.
PMI Private Mortgage Insurance. A downpayment less than 20% often requires that the borrower purchase PMI. This increases the overall monthly payment.
Property Taxes Taxes charged by the local government to the owner of the property. This is often charged as a percentage of the assessed value of the property.
Insurance Home insurance protects your property against damage. Flood insurance is often recommended for some areas of the country. Individuals with a high net worth might consider an umbrella policy.
HOA Homeowners' Association. Usually part of a condo development or subdivision. The HOA often sets the rules, takes care of common maintenance, and charges a fee.
Mortgage Refinance After mortgage rates have decreased, it is often possible to get a new mortgage at a lower rate. This is a loan refinance and can save lots of money.