$156,800 Mortgage for 30 Years

What is the monthly payment of a 156,800 dollar loan?
$
$
%
%
years
Loan Tables for a $156,800 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 157k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $156,800 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
156,800 at 2.01%$580.35
156,800 at 2.02%$581.13
156,800 at 2.03%$581.92
156,800 at 2.04%$582.70
156,800 at 2.05%$583.49
156,800 at 2.06%$584.28
156,800 at 2.07%$585.07
156,800 at 2.08%$585.86
156,800 at 2.09%$586.65
156,800 at 2.1%$587.44
156,800 at 2.11%$588.23
156,800 at 2.12%$589.02
156,800 at 2.13%$589.81
156,800 at 2.14%$590.60
156,800 at 2.15%$591.40
156,800 at 2.16%$592.19
156,800 at 2.17%$592.98
156,800 at 2.18%$593.78
156,800 at 2.19%$594.57
156,800 at 2.2%$595.37
156,800 at 2.21%$596.17
156,800 at 2.22%$596.97
156,800 at 2.23%$597.76
156,800 at 2.24%$598.56
156,800 at 2.25%$599.36
156,800 at 2.26%$600.16
156,800 at 2.27%$600.96
156,800 at 2.28%$601.76
156,800 at 2.29%$602.57
156,800 at 2.3%$603.37
156,800 at 2.31%$604.17
156,800 at 2.32%$604.98
156,800 at 2.33%$605.78
156,800 at 2.34%$606.58
156,800 at 2.35%$607.39
156,800 at 2.36%$608.20
156,800 at 2.37%$609.00
156,800 at 2.38%$609.81
156,800 at 2.39%$610.62
156,800 at 2.4%$611.43
156,800 at 2.41%$612.24
156,800 at 2.42%$613.05
156,800 at 2.43%$613.86
156,800 at 2.44%$614.67
156,800 at 2.45%$615.48
156,800 at 2.46%$616.29
156,800 at 2.47%$617.11
156,800 at 2.48%$617.92
156,800 at 2.49%$618.73
156,800 at 2.5%$619.55
156,800 at 2.51%$620.37
156,800 at 2.52%$621.18
156,800 at 2.53%$622.00
156,800 at 2.54%$622.82
156,800 at 2.55%$623.63
156,800 at 2.56%$624.45
156,800 at 2.57%$625.27
156,800 at 2.58%$626.09
156,800 at 2.59%$626.91
156,800 at 2.6%$627.73
156,800 at 2.61%$628.55
156,800 at 2.62%$629.38
156,800 at 2.63%$630.20
156,800 at 2.64%$631.02
156,800 at 2.65%$631.85
156,800 at 2.66%$632.67
156,800 at 2.67%$633.50
156,800 at 2.68%$634.32
156,800 at 2.69%$635.15
156,800 at 2.7%$635.98
156,800 at 2.71%$636.80
156,800 at 2.72%$637.63
156,800 at 2.73%$638.46
156,800 at 2.74%$639.29
156,800 at 2.75%$640.12
156,800 at 2.76%$640.95
156,800 at 2.77%$641.78
156,800 at 2.78%$642.62
156,800 at 2.79%$643.45
156,800 at 2.8%$644.28
156,800 at 2.81%$645.12
156,800 at 2.82%$645.95
156,800 at 2.83%$646.79
156,800 at 2.84%$647.62
156,800 at 2.85%$648.46
156,800 at 2.86%$649.29
156,800 at 2.87%$650.13
156,800 at 2.88%$650.97
156,800 at 2.89%$651.81
156,800 at 2.9%$652.65
156,800 at 2.91%$653.49
156,800 at 2.92%$654.33
156,800 at 2.93%$655.17
156,800 at 2.94%$656.01
156,800 at 2.95%$656.85
156,800 at 2.96%$657.70
156,800 at 2.97%$658.54
156,800 at 2.98%$659.39
156,800 at 2.99%$660.23
156,800 at 3%$661.08
156,800 at 3.01%$661.92
156,800 at 3.02%$662.77
156,800 at 3.03%$663.61
156,800 at 3.04%$664.46
156,800 at 3.05%$665.31
156,800 at 3.06%$666.16
156,800 at 3.07%$667.01
156,800 at 3.08%$667.86
156,800 at 3.09%$668.71
156,800 at 3.1%$669.56
156,800 at 3.11%$670.41
156,800 at 3.12%$671.27
156,800 at 3.13%$672.12
156,800 at 3.14%$672.97
156,800 at 3.15%$673.83
156,800 at 3.16%$674.68
156,800 at 3.17%$675.54
156,800 at 3.18%$676.39
156,800 at 3.19%$677.25
156,800 at 3.2%$678.11
156,800 at 3.21%$678.97
156,800 at 3.22%$679.82
156,800 at 3.23%$680.68
156,800 at 3.24%$681.54
156,800 at 3.25%$682.40
156,800 at 3.26%$683.26
156,800 at 3.27%$684.13
156,800 at 3.28%$684.99
156,800 at 3.29%$685.85
156,800 at 3.3%$686.71
156,800 at 3.31%$687.58
156,800 at 3.32%$688.44
156,800 at 3.33%$689.31
156,800 at 3.34%$690.17
156,800 at 3.35%$691.04
156,800 at 3.36%$691.91
156,800 at 3.37%$692.77
156,800 at 3.38%$693.64
156,800 at 3.39%$694.51
156,800 at 3.4%$695.38
156,800 at 3.41%$696.25
156,800 at 3.42%$697.12
156,800 at 3.43%$697.99
156,800 at 3.44%$698.86
156,800 at 3.45%$699.73
156,800 at 3.46%$700.61
156,800 at 3.47%$701.48
156,800 at 3.48%$702.35
156,800 at 3.49%$703.23
156,800 at 3.5%$704.10
Interest Rate 30 Year
156,800 at 3.51%$704.98
156,800 at 3.52%$705.85
156,800 at 3.53%$706.73
156,800 at 3.54%$707.61
156,800 at 3.55%$708.49
156,800 at 3.56%$709.36
156,800 at 3.57%$710.24
156,800 at 3.58%$711.12
156,800 at 3.59%$712.00
156,800 at 3.6%$712.88
156,800 at 3.61%$713.77
156,800 at 3.62%$714.65
156,800 at 3.63%$715.53
156,800 at 3.64%$716.41
156,800 at 3.65%$717.30
156,800 at 3.66%$718.18
156,800 at 3.67%$719.07
156,800 at 3.68%$719.95
156,800 at 3.69%$720.84
156,800 at 3.7%$721.72
156,800 at 3.71%$722.61
156,800 at 3.72%$723.50
156,800 at 3.73%$724.39
156,800 at 3.74%$725.28
156,800 at 3.75%$726.17
156,800 at 3.76%$727.06
156,800 at 3.77%$727.95
156,800 at 3.78%$728.84
156,800 at 3.79%$729.73
156,800 at 3.8%$730.62
156,800 at 3.81%$731.51
156,800 at 3.82%$732.41
156,800 at 3.83%$733.30
156,800 at 3.84%$734.20
156,800 at 3.85%$735.09
156,800 at 3.86%$735.99
156,800 at 3.87%$736.88
156,800 at 3.88%$737.78
156,800 at 3.89%$738.68
156,800 at 3.9%$739.58
156,800 at 3.91%$740.47
156,800 at 3.92%$741.37
156,800 at 3.93%$742.27
156,800 at 3.94%$743.17
156,800 at 3.95%$744.07
156,800 at 3.96%$744.98
156,800 at 3.97%$745.88
156,800 at 3.98%$746.78
156,800 at 3.99%$747.68
156,800 at 4%$748.59
156,800 at 4.01%$749.49
156,800 at 4.02%$750.40
156,800 at 4.03%$751.30
156,800 at 4.04%$752.21
156,800 at 4.05%$753.11
156,800 at 4.06%$754.02
156,800 at 4.07%$754.93
156,800 at 4.08%$755.84
156,800 at 4.09%$756.75
156,800 at 4.1%$757.66
156,800 at 4.11%$758.56
156,800 at 4.12%$759.48
156,800 at 4.13%$760.39
156,800 at 4.14%$761.30
156,800 at 4.15%$762.21
156,800 at 4.16%$763.12
156,800 at 4.17%$764.04
156,800 at 4.18%$764.95
156,800 at 4.19%$765.86
156,800 at 4.2%$766.78
156,800 at 4.21%$767.69
156,800 at 4.22%$768.61
156,800 at 4.23%$769.53
156,800 at 4.24%$770.44
156,800 at 4.25%$771.36
156,800 at 4.26%$772.28
156,800 at 4.27%$773.20
156,800 at 4.28%$774.12
156,800 at 4.29%$775.04
156,800 at 4.3%$775.96
156,800 at 4.31%$776.88
156,800 at 4.32%$777.80
156,800 at 4.33%$778.72
156,800 at 4.34%$779.65
156,800 at 4.35%$780.57
156,800 at 4.36%$781.49
156,800 at 4.37%$782.42
156,800 at 4.38%$783.34
156,800 at 4.39%$784.27
156,800 at 4.4%$785.19
156,800 at 4.41%$786.12
156,800 at 4.42%$787.05
156,800 at 4.43%$787.97
156,800 at 4.44%$788.90
156,800 at 4.45%$789.83
156,800 at 4.46%$790.76
156,800 at 4.47%$791.69
156,800 at 4.48%$792.62
156,800 at 4.49%$793.55
156,800 at 4.5%$794.48
156,800 at 4.51%$795.41
156,800 at 4.52%$796.35
156,800 at 4.53%$797.28
156,800 at 4.54%$798.21
156,800 at 4.55%$799.15
156,800 at 4.56%$800.08
156,800 at 4.57%$801.02
156,800 at 4.58%$801.95
156,800 at 4.59%$802.89
156,800 at 4.6%$803.83
156,800 at 4.61%$804.76
156,800 at 4.62%$805.70
156,800 at 4.63%$806.64
156,800 at 4.64%$807.58
156,800 at 4.65%$808.52
156,800 at 4.66%$809.46
156,800 at 4.67%$810.40
156,800 at 4.68%$811.34
156,800 at 4.69%$812.28
156,800 at 4.7%$813.22
156,800 at 4.71%$814.17
156,800 at 4.72%$815.11
156,800 at 4.73%$816.05
156,800 at 4.74%$817.00
156,800 at 4.75%$817.94
156,800 at 4.76%$818.89
156,800 at 4.77%$819.83
156,800 at 4.78%$820.78
156,800 at 4.79%$821.73
156,800 at 4.8%$822.68
156,800 at 4.81%$823.62
156,800 at 4.82%$824.57
156,800 at 4.83%$825.52
156,800 at 4.84%$826.47
156,800 at 4.85%$827.42
156,800 at 4.86%$828.37
156,800 at 4.87%$829.32
156,800 at 4.88%$830.27
156,800 at 4.89%$831.23
156,800 at 4.9%$832.18
156,800 at 4.91%$833.13
156,800 at 4.92%$834.09
156,800 at 4.93%$835.04
156,800 at 4.94%$836.00
156,800 at 4.95%$836.95
156,800 at 4.96%$837.91
156,800 at 4.97%$838.86
156,800 at 4.98%$839.82
156,800 at 4.99%$840.78
156,800 at 5%$841.74
Interest Rate 30 Year
156,800 at 5.01%$842.69
156,800 at 5.02%$843.65
156,800 at 5.03%$844.61
156,800 at 5.04%$845.57
156,800 at 5.05%$846.53
156,800 at 5.06%$847.50
156,800 at 5.07%$848.46
156,800 at 5.08%$849.42
156,800 at 5.09%$850.38
156,800 at 5.1%$851.35
156,800 at 5.11%$852.31
156,800 at 5.12%$853.27
156,800 at 5.13%$854.24
156,800 at 5.14%$855.20
156,800 at 5.15%$856.17
156,800 at 5.16%$857.14
156,800 at 5.17%$858.10
156,800 at 5.18%$859.07
156,800 at 5.19%$860.04
156,800 at 5.2%$861.01
156,800 at 5.21%$861.97
156,800 at 5.22%$862.94
156,800 at 5.23%$863.91
156,800 at 5.24%$864.88
156,800 at 5.25%$865.86
156,800 at 5.26%$866.83
156,800 at 5.27%$867.80
156,800 at 5.28%$868.77
156,800 at 5.29%$869.74
156,800 at 5.3%$870.72
156,800 at 5.31%$871.69
156,800 at 5.32%$872.67
156,800 at 5.33%$873.64
156,800 at 5.34%$874.62
156,800 at 5.35%$875.59
156,800 at 5.36%$876.57
156,800 at 5.37%$877.55
156,800 at 5.38%$878.52
156,800 at 5.39%$879.50
156,800 at 5.4%$880.48
156,800 at 5.41%$881.46
156,800 at 5.42%$882.44
156,800 at 5.43%$883.42
156,800 at 5.44%$884.40
156,800 at 5.45%$885.38
156,800 at 5.46%$886.36
156,800 at 5.47%$887.34
156,800 at 5.48%$888.33
156,800 at 5.49%$889.31
156,800 at 5.5%$890.29
156,800 at 5.51%$891.28
156,800 at 5.52%$892.26
156,800 at 5.53%$893.25
156,800 at 5.54%$894.23
156,800 at 5.55%$895.22
156,800 at 5.56%$896.20
156,800 at 5.57%$897.19
156,800 at 5.58%$898.18
156,800 at 5.59%$899.17
156,800 at 5.6%$900.16
156,800 at 5.61%$901.14
156,800 at 5.62%$902.13
156,800 at 5.63%$903.12
156,800 at 5.64%$904.11
156,800 at 5.65%$905.11
156,800 at 5.66%$906.10
156,800 at 5.67%$907.09
156,800 at 5.68%$908.08
156,800 at 5.69%$909.07
156,800 at 5.7%$910.07
156,800 at 5.71%$911.06
156,800 at 5.72%$912.06
156,800 at 5.73%$913.05
156,800 at 5.74%$914.05
156,800 at 5.75%$915.04
156,800 at 5.76%$916.04
156,800 at 5.77%$917.04
156,800 at 5.78%$918.03
156,800 at 5.79%$919.03
156,800 at 5.8%$920.03
156,800 at 5.81%$921.03
156,800 at 5.82%$922.03
156,800 at 5.83%$923.03
156,800 at 5.84%$924.03
156,800 at 5.85%$925.03
156,800 at 5.86%$926.03
156,800 at 5.87%$927.03
156,800 at 5.88%$928.03
156,800 at 5.89%$929.03
156,800 at 5.9%$930.04
156,800 at 5.91%$931.04
156,800 at 5.92%$932.05
156,800 at 5.93%$933.05
156,800 at 5.94%$934.06
156,800 at 5.95%$935.06
156,800 at 5.96%$936.07
156,800 at 5.97%$937.07
156,800 at 5.98%$938.08
156,800 at 5.99%$939.09
156,800 at 6%$940.10
156,800 at 6.01%$941.10
156,800 at 6.02%$942.11
156,800 at 6.03%$943.12
156,800 at 6.04%$944.13
156,800 at 6.05%$945.14
156,800 at 6.06%$946.15
156,800 at 6.07%$947.16
156,800 at 6.08%$948.18
156,800 at 6.09%$949.19
156,800 at 6.1%$950.20
156,800 at 6.11%$951.21
156,800 at 6.12%$952.23
156,800 at 6.13%$953.24
156,800 at 6.14%$954.25
156,800 at 6.15%$955.27
156,800 at 6.16%$956.29
156,800 at 6.17%$957.30
156,800 at 6.18%$958.32
156,800 at 6.19%$959.33
156,800 at 6.2%$960.35
156,800 at 6.21%$961.37
156,800 at 6.22%$962.39
156,800 at 6.23%$963.41
156,800 at 6.24%$964.43
156,800 at 6.25%$965.44
156,800 at 6.26%$966.46
156,800 at 6.27%$967.49
156,800 at 6.28%$968.51
156,800 at 6.29%$969.53
156,800 at 6.3%$970.55
156,800 at 6.31%$971.57
156,800 at 6.32%$972.59
156,800 at 6.33%$973.62
156,800 at 6.34%$974.64
156,800 at 6.35%$975.67
156,800 at 6.36%$976.69
156,800 at 6.37%$977.72
156,800 at 6.38%$978.74
156,800 at 6.39%$979.77
156,800 at 6.4%$980.79
156,800 at 6.41%$981.82
156,800 at 6.42%$982.85
156,800 at 6.43%$983.88
156,800 at 6.44%$984.90
156,800 at 6.45%$985.93
156,800 at 6.46%$986.96
156,800 at 6.47%$987.99
156,800 at 6.48%$989.02
156,800 at 6.49%$990.05
156,800 at 6.5%$991.08
Interest Rate 30 Year
156,800 at 6.51%$992.11
156,800 at 6.52%$993.15
156,800 at 6.53%$994.18
156,800 at 6.54%$995.21
156,800 at 6.55%$996.24
156,800 at 6.56%$997.28
156,800 at 6.57%$998.31
156,800 at 6.58%$999.35
156,800 at 6.59%$1,000.38
156,800 at 6.6%$1,001.42
156,800 at 6.61%$1,002.45
156,800 at 6.62%$1,003.49
156,800 at 6.63%$1,004.53
156,800 at 6.64%$1,005.56
156,800 at 6.65%$1,006.60
156,800 at 6.66%$1,007.64
156,800 at 6.67%$1,008.68
156,800 at 6.68%$1,009.72
156,800 at 6.69%$1,010.76
156,800 at 6.7%$1,011.80
156,800 at 6.71%$1,012.84
156,800 at 6.72%$1,013.88
156,800 at 6.73%$1,014.92
156,800 at 6.74%$1,015.96
156,800 at 6.75%$1,017.00
156,800 at 6.76%$1,018.04
156,800 at 6.77%$1,019.09
156,800 at 6.78%$1,020.13
156,800 at 6.79%$1,021.17
156,800 at 6.8%$1,022.22
156,800 at 6.81%$1,023.26
156,800 at 6.82%$1,024.31
156,800 at 6.83%$1,025.35
156,800 at 6.84%$1,026.40
156,800 at 6.85%$1,027.45
156,800 at 6.86%$1,028.49
156,800 at 6.87%$1,029.54
156,800 at 6.88%$1,030.59
156,800 at 6.89%$1,031.64
156,800 at 6.9%$1,032.69
156,800 at 6.91%$1,033.73
156,800 at 6.92%$1,034.78
156,800 at 6.93%$1,035.83
156,800 at 6.94%$1,036.88
156,800 at 6.95%$1,037.93
156,800 at 6.96%$1,038.99
156,800 at 6.97%$1,040.04
156,800 at 6.98%$1,041.09
156,800 at 6.99%$1,042.14
156,800 at 7%$1,043.19
156,800 at 7.01%$1,044.25
156,800 at 7.02%$1,045.30
156,800 at 7.03%$1,046.36
156,800 at 7.04%$1,047.41
156,800 at 7.05%$1,048.46
156,800 at 7.06%$1,049.52
156,800 at 7.07%$1,050.58
156,800 at 7.08%$1,051.63
156,800 at 7.09%$1,052.69
156,800 at 7.1%$1,053.75
156,800 at 7.11%$1,054.80
156,800 at 7.12%$1,055.86
156,800 at 7.13%$1,056.92
156,800 at 7.14%$1,057.98
156,800 at 7.15%$1,059.04
156,800 at 7.16%$1,060.10
156,800 at 7.17%$1,061.16
156,800 at 7.18%$1,062.22
156,800 at 7.19%$1,063.28
156,800 at 7.2%$1,064.34
156,800 at 7.21%$1,065.40
156,800 at 7.22%$1,066.46
156,800 at 7.23%$1,067.53
156,800 at 7.24%$1,068.59
156,800 at 7.25%$1,069.65
156,800 at 7.26%$1,070.72
156,800 at 7.27%$1,071.78
156,800 at 7.28%$1,072.84
156,800 at 7.29%$1,073.91
156,800 at 7.3%$1,074.98
156,800 at 7.31%$1,076.04
156,800 at 7.32%$1,077.11
156,800 at 7.33%$1,078.17
156,800 at 7.34%$1,079.24
156,800 at 7.35%$1,080.31
156,800 at 7.36%$1,081.38
156,800 at 7.37%$1,082.44
156,800 at 7.38%$1,083.51
156,800 at 7.39%$1,084.58
156,800 at 7.4%$1,085.65
156,800 at 7.41%$1,086.72
156,800 at 7.42%$1,087.79
156,800 at 7.43%$1,088.86
156,800 at 7.44%$1,089.93
156,800 at 7.45%$1,091.00
156,800 at 7.46%$1,092.08
156,800 at 7.47%$1,093.15
156,800 at 7.48%$1,094.22
156,800 at 7.49%$1,095.29
156,800 at 7.5%$1,096.37
156,800 at 7.51%$1,097.44
156,800 at 7.52%$1,098.52
156,800 at 7.53%$1,099.59
156,800 at 7.54%$1,100.67
156,800 at 7.55%$1,101.74
156,800 at 7.56%$1,102.82
156,800 at 7.57%$1,103.89
156,800 at 7.58%$1,104.97
156,800 at 7.59%$1,106.05
156,800 at 7.6%$1,107.13
156,800 at 7.61%$1,108.20
156,800 at 7.62%$1,109.28
156,800 at 7.63%$1,110.36
156,800 at 7.64%$1,111.44
156,800 at 7.65%$1,112.52
156,800 at 7.66%$1,113.60
156,800 at 7.67%$1,114.68
156,800 at 7.68%$1,115.76
156,800 at 7.69%$1,116.84
156,800 at 7.7%$1,117.92
156,800 at 7.71%$1,119.00
156,800 at 7.72%$1,120.09
156,800 at 7.73%$1,121.17
156,800 at 7.74%$1,122.25
156,800 at 7.75%$1,123.33
156,800 at 7.76%$1,124.42
156,800 at 7.77%$1,125.50
156,800 at 7.78%$1,126.59
156,800 at 7.79%$1,127.67
156,800 at 7.8%$1,128.76
156,800 at 7.81%$1,129.84
156,800 at 7.82%$1,130.93
156,800 at 7.83%$1,132.02
156,800 at 7.84%$1,133.10
156,800 at 7.85%$1,134.19
156,800 at 7.86%$1,135.28
156,800 at 7.87%$1,136.36
156,800 at 7.88%$1,137.45
156,800 at 7.89%$1,138.54
156,800 at 7.9%$1,139.63
156,800 at 7.91%$1,140.72
156,800 at 7.92%$1,141.81
156,800 at 7.93%$1,142.90
156,800 at 7.94%$1,143.99
156,800 at 7.95%$1,145.08
156,800 at 7.96%$1,146.17
156,800 at 7.97%$1,147.27
156,800 at 7.98%$1,148.36
156,800 at 7.99%$1,149.45
156,800 at 8%$1,150.54
More Amounts
What is the down payment for a $156,800 house? How much do you need to put down?
Percent Down Down Payment
1%1,568
2%3,136
3%4,704
4%6,272
5%7,840
6%9,408
7%10,976
8%12,544
9%14,112
10%15,680
11%17,248
12%18,816
13%20,384
14%21,952
15%23,520
16%25,088
17%26,656
18%28,224
19%29,792
20%31,360
Percent Down Down Payment
21%32,928
22%34,496
23%36,064
24%37,632
25%39,200
26%40,768
27%42,336
28%43,904
29%45,472
30%47,040
31%48,608
32%50,176
33%51,744
34%53,312
35%54,880
36%56,448
37%58,016
38%59,584
39%61,152
40%62,720
Percent Down Down Payment
41%64,288
42%65,856
43%67,424
44%68,992
45%70,560
46%72,128
47%73,696
48%75,264
49%76,832
50%78,400
51%79,968
52%81,536
53%83,104
54%84,672
55%86,240
56%87,808
57%89,376
58%90,944
59%92,512
60%94,080
Percent Down Down Payment
61%95,648
62%97,216
63%98,784
64%100,352
65%101,920
66%103,488
67%105,056
68%106,624
69%108,192
70%109,760
71%111,328
72%112,896
73%114,464
74%116,032
75%117,600
76%119,168
77%120,736
78%122,304
79%123,872
80%125,440
Percent Down Down Payment
81%127,008
82%128,576
83%130,144
84%131,712
85%133,280
86%134,848
87%136,416
88%137,984
89%139,552
90%141,120
91%142,688
92%144,256
93%145,824
94%147,392
95%148,960
96%150,528
97%152,096
98%153,664
99%155,232
100%156,800
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.