$151,400 Mortgage for 30 Years

What is the monthly payment of a 151,400 dollar loan?
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Loan Tables for a $151,400 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 $151,400 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
151,400 at 2.01%$560.36
151,400 at 2.02%$561.12
151,400 at 2.03%$561.88
151,400 at 2.04%$562.64
151,400 at 2.05%$563.40
151,400 at 2.06%$564.16
151,400 at 2.07%$564.92
151,400 at 2.08%$565.68
151,400 at 2.09%$566.44
151,400 at 2.1%$567.21
151,400 at 2.11%$567.97
151,400 at 2.12%$568.73
151,400 at 2.13%$569.50
151,400 at 2.14%$570.26
151,400 at 2.15%$571.03
151,400 at 2.16%$571.80
151,400 at 2.17%$572.56
151,400 at 2.18%$573.33
151,400 at 2.19%$574.10
151,400 at 2.2%$574.87
151,400 at 2.21%$575.64
151,400 at 2.22%$576.41
151,400 at 2.23%$577.18
151,400 at 2.24%$577.95
151,400 at 2.25%$578.72
151,400 at 2.26%$579.49
151,400 at 2.27%$580.27
151,400 at 2.28%$581.04
151,400 at 2.29%$581.81
151,400 at 2.3%$582.59
151,400 at 2.31%$583.36
151,400 at 2.32%$584.14
151,400 at 2.33%$584.92
151,400 at 2.34%$585.69
151,400 at 2.35%$586.47
151,400 at 2.36%$587.25
151,400 at 2.37%$588.03
151,400 at 2.38%$588.81
151,400 at 2.39%$589.59
151,400 at 2.4%$590.37
151,400 at 2.41%$591.15
151,400 at 2.42%$591.93
151,400 at 2.43%$592.72
151,400 at 2.44%$593.50
151,400 at 2.45%$594.28
151,400 at 2.46%$595.07
151,400 at 2.47%$595.85
151,400 at 2.48%$596.64
151,400 at 2.49%$597.43
151,400 at 2.5%$598.21
151,400 at 2.51%$599.00
151,400 at 2.52%$599.79
151,400 at 2.53%$600.58
151,400 at 2.54%$601.37
151,400 at 2.55%$602.16
151,400 at 2.56%$602.95
151,400 at 2.57%$603.74
151,400 at 2.58%$604.53
151,400 at 2.59%$605.32
151,400 at 2.6%$606.11
151,400 at 2.61%$606.91
151,400 at 2.62%$607.70
151,400 at 2.63%$608.50
151,400 at 2.64%$609.29
151,400 at 2.65%$610.09
151,400 at 2.66%$610.88
151,400 at 2.67%$611.68
151,400 at 2.68%$612.48
151,400 at 2.69%$613.28
151,400 at 2.7%$614.07
151,400 at 2.71%$614.87
151,400 at 2.72%$615.67
151,400 at 2.73%$616.47
151,400 at 2.74%$617.28
151,400 at 2.75%$618.08
151,400 at 2.76%$618.88
151,400 at 2.77%$619.68
151,400 at 2.78%$620.49
151,400 at 2.79%$621.29
151,400 at 2.8%$622.09
151,400 at 2.81%$622.90
151,400 at 2.82%$623.71
151,400 at 2.83%$624.51
151,400 at 2.84%$625.32
151,400 at 2.85%$626.13
151,400 at 2.86%$626.93
151,400 at 2.87%$627.74
151,400 at 2.88%$628.55
151,400 at 2.89%$629.36
151,400 at 2.9%$630.17
151,400 at 2.91%$630.98
151,400 at 2.92%$631.79
151,400 at 2.93%$632.61
151,400 at 2.94%$633.42
151,400 at 2.95%$634.23
151,400 at 2.96%$635.05
151,400 at 2.97%$635.86
151,400 at 2.98%$636.68
151,400 at 2.99%$637.49
151,400 at 3%$638.31
151,400 at 3.01%$639.13
151,400 at 3.02%$639.94
151,400 at 3.03%$640.76
151,400 at 3.04%$641.58
151,400 at 3.05%$642.40
151,400 at 3.06%$643.22
151,400 at 3.07%$644.04
151,400 at 3.08%$644.86
151,400 at 3.09%$645.68
151,400 at 3.1%$646.50
151,400 at 3.11%$647.33
151,400 at 3.12%$648.15
151,400 at 3.13%$648.97
151,400 at 3.14%$649.80
151,400 at 3.15%$650.62
151,400 at 3.16%$651.45
151,400 at 3.17%$652.27
151,400 at 3.18%$653.10
151,400 at 3.19%$653.93
151,400 at 3.2%$654.75
151,400 at 3.21%$655.58
151,400 at 3.22%$656.41
151,400 at 3.23%$657.24
151,400 at 3.24%$658.07
151,400 at 3.25%$658.90
151,400 at 3.26%$659.73
151,400 at 3.27%$660.57
151,400 at 3.28%$661.40
151,400 at 3.29%$662.23
151,400 at 3.3%$663.06
151,400 at 3.31%$663.90
151,400 at 3.32%$664.73
151,400 at 3.33%$665.57
151,400 at 3.34%$666.40
151,400 at 3.35%$667.24
151,400 at 3.36%$668.08
151,400 at 3.37%$668.91
151,400 at 3.38%$669.75
151,400 at 3.39%$670.59
151,400 at 3.4%$671.43
151,400 at 3.41%$672.27
151,400 at 3.42%$673.11
151,400 at 3.43%$673.95
151,400 at 3.44%$674.79
151,400 at 3.45%$675.64
151,400 at 3.46%$676.48
151,400 at 3.47%$677.32
151,400 at 3.48%$678.16
151,400 at 3.49%$679.01
151,400 at 3.5%$679.85
Interest Rate 30 Year
151,400 at 3.51%$680.70
151,400 at 3.52%$681.55
151,400 at 3.53%$682.39
151,400 at 3.54%$683.24
151,400 at 3.55%$684.09
151,400 at 3.56%$684.93
151,400 at 3.57%$685.78
151,400 at 3.58%$686.63
151,400 at 3.59%$687.48
151,400 at 3.6%$688.33
151,400 at 3.61%$689.18
151,400 at 3.62%$690.04
151,400 at 3.63%$690.89
151,400 at 3.64%$691.74
151,400 at 3.65%$692.59
151,400 at 3.66%$693.45
151,400 at 3.67%$694.30
151,400 at 3.68%$695.16
151,400 at 3.69%$696.01
151,400 at 3.7%$696.87
151,400 at 3.71%$697.73
151,400 at 3.72%$698.58
151,400 at 3.73%$699.44
151,400 at 3.74%$700.30
151,400 at 3.75%$701.16
151,400 at 3.76%$702.02
151,400 at 3.77%$702.88
151,400 at 3.78%$703.74
151,400 at 3.79%$704.60
151,400 at 3.8%$705.46
151,400 at 3.81%$706.32
151,400 at 3.82%$707.18
151,400 at 3.83%$708.05
151,400 at 3.84%$708.91
151,400 at 3.85%$709.78
151,400 at 3.86%$710.64
151,400 at 3.87%$711.51
151,400 at 3.88%$712.37
151,400 at 3.89%$713.24
151,400 at 3.9%$714.11
151,400 at 3.91%$714.97
151,400 at 3.92%$715.84
151,400 at 3.93%$716.71
151,400 at 3.94%$717.58
151,400 at 3.95%$718.45
151,400 at 3.96%$719.32
151,400 at 3.97%$720.19
151,400 at 3.98%$721.06
151,400 at 3.99%$721.93
151,400 at 4%$722.81
151,400 at 4.01%$723.68
151,400 at 4.02%$724.55
151,400 at 4.03%$725.43
151,400 at 4.04%$726.30
151,400 at 4.05%$727.18
151,400 at 4.06%$728.05
151,400 at 4.07%$728.93
151,400 at 4.08%$729.81
151,400 at 4.09%$730.68
151,400 at 4.1%$731.56
151,400 at 4.11%$732.44
151,400 at 4.12%$733.32
151,400 at 4.13%$734.20
151,400 at 4.14%$735.08
151,400 at 4.15%$735.96
151,400 at 4.16%$736.84
151,400 at 4.17%$737.72
151,400 at 4.18%$738.61
151,400 at 4.19%$739.49
151,400 at 4.2%$740.37
151,400 at 4.21%$741.26
151,400 at 4.22%$742.14
151,400 at 4.23%$743.03
151,400 at 4.24%$743.91
151,400 at 4.25%$744.80
151,400 at 4.26%$745.68
151,400 at 4.27%$746.57
151,400 at 4.28%$747.46
151,400 at 4.29%$748.35
151,400 at 4.3%$749.24
151,400 at 4.31%$750.12
151,400 at 4.32%$751.01
151,400 at 4.33%$751.90
151,400 at 4.34%$752.80
151,400 at 4.35%$753.69
151,400 at 4.36%$754.58
151,400 at 4.37%$755.47
151,400 at 4.38%$756.36
151,400 at 4.39%$757.26
151,400 at 4.4%$758.15
151,400 at 4.41%$759.05
151,400 at 4.42%$759.94
151,400 at 4.43%$760.84
151,400 at 4.44%$761.73
151,400 at 4.45%$762.63
151,400 at 4.46%$763.53
151,400 at 4.47%$764.43
151,400 at 4.48%$765.32
151,400 at 4.49%$766.22
151,400 at 4.5%$767.12
151,400 at 4.51%$768.02
151,400 at 4.52%$768.92
151,400 at 4.53%$769.82
151,400 at 4.54%$770.72
151,400 at 4.55%$771.63
151,400 at 4.56%$772.53
151,400 at 4.57%$773.43
151,400 at 4.58%$774.33
151,400 at 4.59%$775.24
151,400 at 4.6%$776.14
151,400 at 4.61%$777.05
151,400 at 4.62%$777.95
151,400 at 4.63%$778.86
151,400 at 4.64%$779.77
151,400 at 4.65%$780.67
151,400 at 4.66%$781.58
151,400 at 4.67%$782.49
151,400 at 4.68%$783.40
151,400 at 4.69%$784.31
151,400 at 4.7%$785.22
151,400 at 4.71%$786.13
151,400 at 4.72%$787.04
151,400 at 4.73%$787.95
151,400 at 4.74%$788.86
151,400 at 4.75%$789.77
151,400 at 4.76%$790.69
151,400 at 4.77%$791.60
151,400 at 4.78%$792.51
151,400 at 4.79%$793.43
151,400 at 4.8%$794.34
151,400 at 4.81%$795.26
151,400 at 4.82%$796.17
151,400 at 4.83%$797.09
151,400 at 4.84%$798.01
151,400 at 4.85%$798.93
151,400 at 4.86%$799.84
151,400 at 4.87%$800.76
151,400 at 4.88%$801.68
151,400 at 4.89%$802.60
151,400 at 4.9%$803.52
151,400 at 4.91%$804.44
151,400 at 4.92%$805.36
151,400 at 4.93%$806.28
151,400 at 4.94%$807.21
151,400 at 4.95%$808.13
151,400 at 4.96%$809.05
151,400 at 4.97%$809.97
151,400 at 4.98%$810.90
151,400 at 4.99%$811.82
151,400 at 5%$812.75
Interest Rate 30 Year
151,400 at 5.01%$813.67
151,400 at 5.02%$814.60
151,400 at 5.03%$815.53
151,400 at 5.04%$816.45
151,400 at 5.05%$817.38
151,400 at 5.06%$818.31
151,400 at 5.07%$819.24
151,400 at 5.08%$820.17
151,400 at 5.09%$821.10
151,400 at 5.1%$822.03
151,400 at 5.11%$822.96
151,400 at 5.12%$823.89
151,400 at 5.13%$824.82
151,400 at 5.14%$825.75
151,400 at 5.15%$826.68
151,400 at 5.16%$827.62
151,400 at 5.17%$828.55
151,400 at 5.18%$829.48
151,400 at 5.19%$830.42
151,400 at 5.2%$831.35
151,400 at 5.21%$832.29
151,400 at 5.22%$833.23
151,400 at 5.23%$834.16
151,400 at 5.24%$835.10
151,400 at 5.25%$836.04
151,400 at 5.26%$836.97
151,400 at 5.27%$837.91
151,400 at 5.28%$838.85
151,400 at 5.29%$839.79
151,400 at 5.3%$840.73
151,400 at 5.31%$841.67
151,400 at 5.32%$842.61
151,400 at 5.33%$843.55
151,400 at 5.34%$844.50
151,400 at 5.35%$845.44
151,400 at 5.36%$846.38
151,400 at 5.37%$847.32
151,400 at 5.38%$848.27
151,400 at 5.39%$849.21
151,400 at 5.4%$850.16
151,400 at 5.41%$851.10
151,400 at 5.42%$852.05
151,400 at 5.43%$853.00
151,400 at 5.44%$853.94
151,400 at 5.45%$854.89
151,400 at 5.46%$855.84
151,400 at 5.47%$856.78
151,400 at 5.48%$857.73
151,400 at 5.49%$858.68
151,400 at 5.5%$859.63
151,400 at 5.51%$860.58
151,400 at 5.52%$861.53
151,400 at 5.53%$862.48
151,400 at 5.54%$863.44
151,400 at 5.55%$864.39
151,400 at 5.56%$865.34
151,400 at 5.57%$866.29
151,400 at 5.58%$867.25
151,400 at 5.59%$868.20
151,400 at 5.6%$869.16
151,400 at 5.61%$870.11
151,400 at 5.62%$871.07
151,400 at 5.63%$872.02
151,400 at 5.64%$872.98
151,400 at 5.65%$873.93
151,400 at 5.66%$874.89
151,400 at 5.67%$875.85
151,400 at 5.68%$876.81
151,400 at 5.69%$877.77
151,400 at 5.7%$878.73
151,400 at 5.71%$879.69
151,400 at 5.72%$880.65
151,400 at 5.73%$881.61
151,400 at 5.74%$882.57
151,400 at 5.75%$883.53
151,400 at 5.76%$884.49
151,400 at 5.77%$885.45
151,400 at 5.78%$886.42
151,400 at 5.79%$887.38
151,400 at 5.8%$888.34
151,400 at 5.81%$889.31
151,400 at 5.82%$890.27
151,400 at 5.83%$891.24
151,400 at 5.84%$892.20
151,400 at 5.85%$893.17
151,400 at 5.86%$894.14
151,400 at 5.87%$895.10
151,400 at 5.88%$896.07
151,400 at 5.89%$897.04
151,400 at 5.9%$898.01
151,400 at 5.91%$898.98
151,400 at 5.92%$899.95
151,400 at 5.93%$900.92
151,400 at 5.94%$901.89
151,400 at 5.95%$902.86
151,400 at 5.96%$903.83
151,400 at 5.97%$904.80
151,400 at 5.98%$905.77
151,400 at 5.99%$906.75
151,400 at 6%$907.72
151,400 at 6.01%$908.69
151,400 at 6.02%$909.67
151,400 at 6.03%$910.64
151,400 at 6.04%$911.62
151,400 at 6.05%$912.59
151,400 at 6.06%$913.57
151,400 at 6.07%$914.54
151,400 at 6.08%$915.52
151,400 at 6.09%$916.50
151,400 at 6.1%$917.48
151,400 at 6.11%$918.45
151,400 at 6.12%$919.43
151,400 at 6.13%$920.41
151,400 at 6.14%$921.39
151,400 at 6.15%$922.37
151,400 at 6.16%$923.35
151,400 at 6.17%$924.33
151,400 at 6.18%$925.31
151,400 at 6.19%$926.30
151,400 at 6.2%$927.28
151,400 at 6.21%$928.26
151,400 at 6.22%$929.24
151,400 at 6.23%$930.23
151,400 at 6.24%$931.21
151,400 at 6.25%$932.20
151,400 at 6.26%$933.18
151,400 at 6.27%$934.17
151,400 at 6.28%$935.15
151,400 at 6.29%$936.14
151,400 at 6.3%$937.12
151,400 at 6.31%$938.11
151,400 at 6.32%$939.10
151,400 at 6.33%$940.09
151,400 at 6.34%$941.08
151,400 at 6.35%$942.06
151,400 at 6.36%$943.05
151,400 at 6.37%$944.04
151,400 at 6.38%$945.03
151,400 at 6.39%$946.02
151,400 at 6.4%$947.02
151,400 at 6.41%$948.01
151,400 at 6.42%$949.00
151,400 at 6.43%$949.99
151,400 at 6.44%$950.98
151,400 at 6.45%$951.98
151,400 at 6.46%$952.97
151,400 at 6.47%$953.97
151,400 at 6.48%$954.96
151,400 at 6.49%$955.96
151,400 at 6.5%$956.95
Interest Rate 30 Year
151,400 at 6.51%$957.95
151,400 at 6.52%$958.94
151,400 at 6.53%$959.94
151,400 at 6.54%$960.94
151,400 at 6.55%$961.93
151,400 at 6.56%$962.93
151,400 at 6.57%$963.93
151,400 at 6.58%$964.93
151,400 at 6.59%$965.93
151,400 at 6.6%$966.93
151,400 at 6.61%$967.93
151,400 at 6.62%$968.93
151,400 at 6.63%$969.93
151,400 at 6.64%$970.93
151,400 at 6.65%$971.93
151,400 at 6.66%$972.94
151,400 at 6.67%$973.94
151,400 at 6.68%$974.94
151,400 at 6.69%$975.95
151,400 at 6.7%$976.95
151,400 at 6.71%$977.96
151,400 at 6.72%$978.96
151,400 at 6.73%$979.97
151,400 at 6.74%$980.97
151,400 at 6.75%$981.98
151,400 at 6.76%$982.98
151,400 at 6.77%$983.99
151,400 at 6.78%$985.00
151,400 at 6.79%$986.01
151,400 at 6.8%$987.01
151,400 at 6.81%$988.02
151,400 at 6.82%$989.03
151,400 at 6.83%$990.04
151,400 at 6.84%$991.05
151,400 at 6.85%$992.06
151,400 at 6.86%$993.07
151,400 at 6.87%$994.08
151,400 at 6.88%$995.10
151,400 at 6.89%$996.11
151,400 at 6.9%$997.12
151,400 at 6.91%$998.13
151,400 at 6.92%$999.15
151,400 at 6.93%$1,000.16
151,400 at 6.94%$1,001.17
151,400 at 6.95%$1,002.19
151,400 at 6.96%$1,003.20
151,400 at 6.97%$1,004.22
151,400 at 6.98%$1,005.24
151,400 at 6.99%$1,006.25
151,400 at 7%$1,007.27
151,400 at 7.01%$1,008.28
151,400 at 7.02%$1,009.30
151,400 at 7.03%$1,010.32
151,400 at 7.04%$1,011.34
151,400 at 7.05%$1,012.36
151,400 at 7.06%$1,013.38
151,400 at 7.07%$1,014.40
151,400 at 7.08%$1,015.42
151,400 at 7.09%$1,016.44
151,400 at 7.1%$1,017.46
151,400 at 7.11%$1,018.48
151,400 at 7.12%$1,019.50
151,400 at 7.13%$1,020.52
151,400 at 7.14%$1,021.54
151,400 at 7.15%$1,022.57
151,400 at 7.16%$1,023.59
151,400 at 7.17%$1,024.61
151,400 at 7.18%$1,025.64
151,400 at 7.19%$1,026.66
151,400 at 7.2%$1,027.69
151,400 at 7.21%$1,028.71
151,400 at 7.22%$1,029.74
151,400 at 7.23%$1,030.76
151,400 at 7.24%$1,031.79
151,400 at 7.25%$1,032.81
151,400 at 7.26%$1,033.84
151,400 at 7.27%$1,034.87
151,400 at 7.28%$1,035.90
151,400 at 7.29%$1,036.93
151,400 at 7.3%$1,037.95
151,400 at 7.31%$1,038.98
151,400 at 7.32%$1,040.01
151,400 at 7.33%$1,041.04
151,400 at 7.34%$1,042.07
151,400 at 7.35%$1,043.10
151,400 at 7.36%$1,044.13
151,400 at 7.37%$1,045.17
151,400 at 7.38%$1,046.20
151,400 at 7.39%$1,047.23
151,400 at 7.4%$1,048.26
151,400 at 7.41%$1,049.30
151,400 at 7.42%$1,050.33
151,400 at 7.43%$1,051.36
151,400 at 7.44%$1,052.40
151,400 at 7.45%$1,053.43
151,400 at 7.46%$1,054.47
151,400 at 7.47%$1,055.50
151,400 at 7.48%$1,056.54
151,400 at 7.49%$1,057.57
151,400 at 7.5%$1,058.61
151,400 at 7.51%$1,059.65
151,400 at 7.52%$1,060.68
151,400 at 7.53%$1,061.72
151,400 at 7.54%$1,062.76
151,400 at 7.55%$1,063.80
151,400 at 7.56%$1,064.84
151,400 at 7.57%$1,065.88
151,400 at 7.58%$1,066.92
151,400 at 7.59%$1,067.96
151,400 at 7.6%$1,069.00
151,400 at 7.61%$1,070.04
151,400 at 7.62%$1,071.08
151,400 at 7.63%$1,072.12
151,400 at 7.64%$1,073.16
151,400 at 7.65%$1,074.20
151,400 at 7.66%$1,075.25
151,400 at 7.67%$1,076.29
151,400 at 7.68%$1,077.33
151,400 at 7.69%$1,078.38
151,400 at 7.7%$1,079.42
151,400 at 7.71%$1,080.47
151,400 at 7.72%$1,081.51
151,400 at 7.73%$1,082.56
151,400 at 7.74%$1,083.60
151,400 at 7.75%$1,084.65
151,400 at 7.76%$1,085.69
151,400 at 7.77%$1,086.74
151,400 at 7.78%$1,087.79
151,400 at 7.79%$1,088.84
151,400 at 7.8%$1,089.88
151,400 at 7.81%$1,090.93
151,400 at 7.82%$1,091.98
151,400 at 7.83%$1,093.03
151,400 at 7.84%$1,094.08
151,400 at 7.85%$1,095.13
151,400 at 7.86%$1,096.18
151,400 at 7.87%$1,097.23
151,400 at 7.88%$1,098.28
151,400 at 7.89%$1,099.33
151,400 at 7.9%$1,100.38
151,400 at 7.91%$1,101.44
151,400 at 7.92%$1,102.49
151,400 at 7.93%$1,103.54
151,400 at 7.94%$1,104.59
151,400 at 7.95%$1,105.65
151,400 at 7.96%$1,106.70
151,400 at 7.97%$1,107.75
151,400 at 7.98%$1,108.81
151,400 at 7.99%$1,109.86
151,400 at 8%$1,110.92
More Amounts
151,900
152,400
152,900
153,400
153,900
154,400
154,900
155,400
155,900
156,400
156,900
157,400
157,900
158,400
158,900
159,400
159,900
160,400
160,900
161,400
What is the down payment for a $151,400 house? How much do you need to put down?
Percent Down Down Payment
1%1,514
2%3,028
3%4,542
4%6,056
5%7,570
6%9,084
7%10,598
8%12,112
9%13,626
10%15,140
11%16,654
12%18,168
13%19,682
14%21,196
15%22,710
16%24,224
17%25,738
18%27,252
19%28,766
20%30,280
Percent Down Down Payment
21%31,794
22%33,308
23%34,822
24%36,336
25%37,850
26%39,364
27%40,878
28%42,392
29%43,906
30%45,420
31%46,934
32%48,448
33%49,962
34%51,476
35%52,990
36%54,504
37%56,018
38%57,532
39%59,046
40%60,560
Percent Down Down Payment
41%62,074
42%63,588
43%65,102
44%66,616
45%68,130
46%69,644
47%71,158
48%72,672
49%74,186
50%75,700
51%77,214
52%78,728
53%80,242
54%81,756
55%83,270
56%84,784
57%86,298
58%87,812
59%89,326
60%90,840
Percent Down Down Payment
61%92,354
62%93,868
63%95,382
64%96,896
65%98,410
66%99,924
67%101,438
68%102,952
69%104,466
70%105,980
71%107,494
72%109,008
73%110,522
74%112,036
75%113,550
76%115,064
77%116,578
78%118,092
79%119,606
80%121,120
Percent Down Down Payment
81%122,634
82%124,148
83%125,662
84%127,176
85%128,690
86%130,204
87%131,718
88%133,232
89%134,746
90%136,260
91%137,774
92%139,288
93%140,802
94%142,316
95%143,830
96%145,344
97%146,858
98%148,372
99%149,886
100%151,400
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.