$157,450 Mortgage for 30 Years

What is the monthly payment of a 157,450 dollar loan?
$
$
%
%
years
Loan Tables for a $157,450 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 $157,450 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
157,450 at 2.01%$582.75
157,450 at 2.02%$583.54
157,450 at 2.03%$584.33
157,450 at 2.04%$585.12
157,450 at 2.05%$585.91
157,450 at 2.06%$586.70
157,450 at 2.07%$587.49
157,450 at 2.08%$588.28
157,450 at 2.09%$589.08
157,450 at 2.1%$589.87
157,450 at 2.11%$590.66
157,450 at 2.12%$591.46
157,450 at 2.13%$592.25
157,450 at 2.14%$593.05
157,450 at 2.15%$593.85
157,450 at 2.16%$594.64
157,450 at 2.17%$595.44
157,450 at 2.18%$596.24
157,450 at 2.19%$597.04
157,450 at 2.2%$597.84
157,450 at 2.21%$598.64
157,450 at 2.22%$599.44
157,450 at 2.23%$600.24
157,450 at 2.24%$601.04
157,450 at 2.25%$601.85
157,450 at 2.26%$602.65
157,450 at 2.27%$603.45
157,450 at 2.28%$604.26
157,450 at 2.29%$605.06
157,450 at 2.3%$605.87
157,450 at 2.31%$606.68
157,450 at 2.32%$607.48
157,450 at 2.33%$608.29
157,450 at 2.34%$609.10
157,450 at 2.35%$609.91
157,450 at 2.36%$610.72
157,450 at 2.37%$611.53
157,450 at 2.38%$612.34
157,450 at 2.39%$613.15
157,450 at 2.4%$613.96
157,450 at 2.41%$614.78
157,450 at 2.42%$615.59
157,450 at 2.43%$616.40
157,450 at 2.44%$617.22
157,450 at 2.45%$618.03
157,450 at 2.46%$618.85
157,450 at 2.47%$619.66
157,450 at 2.48%$620.48
157,450 at 2.49%$621.30
157,450 at 2.5%$622.12
157,450 at 2.51%$622.94
157,450 at 2.52%$623.76
157,450 at 2.53%$624.58
157,450 at 2.54%$625.40
157,450 at 2.55%$626.22
157,450 at 2.56%$627.04
157,450 at 2.57%$627.86
157,450 at 2.58%$628.69
157,450 at 2.59%$629.51
157,450 at 2.6%$630.33
157,450 at 2.61%$631.16
157,450 at 2.62%$631.99
157,450 at 2.63%$632.81
157,450 at 2.64%$633.64
157,450 at 2.65%$634.47
157,450 at 2.66%$635.29
157,450 at 2.67%$636.12
157,450 at 2.68%$636.95
157,450 at 2.69%$637.78
157,450 at 2.7%$638.61
157,450 at 2.71%$639.44
157,450 at 2.72%$640.28
157,450 at 2.73%$641.11
157,450 at 2.74%$641.94
157,450 at 2.75%$642.78
157,450 at 2.76%$643.61
157,450 at 2.77%$644.44
157,450 at 2.78%$645.28
157,450 at 2.79%$646.12
157,450 at 2.8%$646.95
157,450 at 2.81%$647.79
157,450 at 2.82%$648.63
157,450 at 2.83%$649.47
157,450 at 2.84%$650.31
157,450 at 2.85%$651.15
157,450 at 2.86%$651.99
157,450 at 2.87%$652.83
157,450 at 2.88%$653.67
157,450 at 2.89%$654.51
157,450 at 2.9%$655.35
157,450 at 2.91%$656.20
157,450 at 2.92%$657.04
157,450 at 2.93%$657.89
157,450 at 2.94%$658.73
157,450 at 2.95%$659.58
157,450 at 2.96%$660.42
157,450 at 2.97%$661.27
157,450 at 2.98%$662.12
157,450 at 2.99%$662.97
157,450 at 3%$663.82
157,450 at 3.01%$664.67
157,450 at 3.02%$665.52
157,450 at 3.03%$666.37
157,450 at 3.04%$667.22
157,450 at 3.05%$668.07
157,450 at 3.06%$668.92
157,450 at 3.07%$669.77
157,450 at 3.08%$670.63
157,450 at 3.09%$671.48
157,450 at 3.1%$672.34
157,450 at 3.11%$673.19
157,450 at 3.12%$674.05
157,450 at 3.13%$674.91
157,450 at 3.14%$675.76
157,450 at 3.15%$676.62
157,450 at 3.16%$677.48
157,450 at 3.17%$678.34
157,450 at 3.18%$679.20
157,450 at 3.19%$680.06
157,450 at 3.2%$680.92
157,450 at 3.21%$681.78
157,450 at 3.22%$682.64
157,450 at 3.23%$683.51
157,450 at 3.24%$684.37
157,450 at 3.25%$685.23
157,450 at 3.26%$686.10
157,450 at 3.27%$686.96
157,450 at 3.28%$687.83
157,450 at 3.29%$688.69
157,450 at 3.3%$689.56
157,450 at 3.31%$690.43
157,450 at 3.32%$691.30
157,450 at 3.33%$692.16
157,450 at 3.34%$693.03
157,450 at 3.35%$693.90
157,450 at 3.36%$694.77
157,450 at 3.37%$695.64
157,450 at 3.38%$696.52
157,450 at 3.39%$697.39
157,450 at 3.4%$698.26
157,450 at 3.41%$699.13
157,450 at 3.42%$700.01
157,450 at 3.43%$700.88
157,450 at 3.44%$701.76
157,450 at 3.45%$702.63
157,450 at 3.46%$703.51
157,450 at 3.47%$704.39
157,450 at 3.48%$705.26
157,450 at 3.49%$706.14
157,450 at 3.5%$707.02
Interest Rate 30 Year
157,450 at 3.51%$707.90
157,450 at 3.52%$708.78
157,450 at 3.53%$709.66
157,450 at 3.54%$710.54
157,450 at 3.55%$711.42
157,450 at 3.56%$712.30
157,450 at 3.57%$713.19
157,450 at 3.58%$714.07
157,450 at 3.59%$714.95
157,450 at 3.6%$715.84
157,450 at 3.61%$716.72
157,450 at 3.62%$717.61
157,450 at 3.63%$718.50
157,450 at 3.64%$719.38
157,450 at 3.65%$720.27
157,450 at 3.66%$721.16
157,450 at 3.67%$722.05
157,450 at 3.68%$722.94
157,450 at 3.69%$723.83
157,450 at 3.7%$724.72
157,450 at 3.71%$725.61
157,450 at 3.72%$726.50
157,450 at 3.73%$727.39
157,450 at 3.74%$728.28
157,450 at 3.75%$729.18
157,450 at 3.76%$730.07
157,450 at 3.77%$730.96
157,450 at 3.78%$731.86
157,450 at 3.79%$732.75
157,450 at 3.8%$733.65
157,450 at 3.81%$734.55
157,450 at 3.82%$735.44
157,450 at 3.83%$736.34
157,450 at 3.84%$737.24
157,450 at 3.85%$738.14
157,450 at 3.86%$739.04
157,450 at 3.87%$739.94
157,450 at 3.88%$740.84
157,450 at 3.89%$741.74
157,450 at 3.9%$742.64
157,450 at 3.91%$743.54
157,450 at 3.92%$744.45
157,450 at 3.93%$745.35
157,450 at 3.94%$746.25
157,450 at 3.95%$747.16
157,450 at 3.96%$748.06
157,450 at 3.97%$748.97
157,450 at 3.98%$749.88
157,450 at 3.99%$750.78
157,450 at 4%$751.69
157,450 at 4.01%$752.60
157,450 at 4.02%$753.51
157,450 at 4.03%$754.42
157,450 at 4.04%$755.33
157,450 at 4.05%$756.24
157,450 at 4.06%$757.15
157,450 at 4.07%$758.06
157,450 at 4.08%$758.97
157,450 at 4.09%$759.88
157,450 at 4.1%$760.80
157,450 at 4.11%$761.71
157,450 at 4.12%$762.62
157,450 at 4.13%$763.54
157,450 at 4.14%$764.45
157,450 at 4.15%$765.37
157,450 at 4.16%$766.29
157,450 at 4.17%$767.20
157,450 at 4.18%$768.12
157,450 at 4.19%$769.04
157,450 at 4.2%$769.96
157,450 at 4.21%$770.88
157,450 at 4.22%$771.80
157,450 at 4.23%$772.72
157,450 at 4.24%$773.64
157,450 at 4.25%$774.56
157,450 at 4.26%$775.48
157,450 at 4.27%$776.40
157,450 at 4.28%$777.33
157,450 at 4.29%$778.25
157,450 at 4.3%$779.18
157,450 at 4.31%$780.10
157,450 at 4.32%$781.03
157,450 at 4.33%$781.95
157,450 at 4.34%$782.88
157,450 at 4.35%$783.80
157,450 at 4.36%$784.73
157,450 at 4.37%$785.66
157,450 at 4.38%$786.59
157,450 at 4.39%$787.52
157,450 at 4.4%$788.45
157,450 at 4.41%$789.38
157,450 at 4.42%$790.31
157,450 at 4.43%$791.24
157,450 at 4.44%$792.17
157,450 at 4.45%$793.11
157,450 at 4.46%$794.04
157,450 at 4.47%$794.97
157,450 at 4.48%$795.91
157,450 at 4.49%$796.84
157,450 at 4.5%$797.78
157,450 at 4.51%$798.71
157,450 at 4.52%$799.65
157,450 at 4.53%$800.59
157,450 at 4.54%$801.52
157,450 at 4.55%$802.46
157,450 at 4.56%$803.40
157,450 at 4.57%$804.34
157,450 at 4.58%$805.28
157,450 at 4.59%$806.22
157,450 at 4.6%$807.16
157,450 at 4.61%$808.10
157,450 at 4.62%$809.04
157,450 at 4.63%$809.98
157,450 at 4.64%$810.93
157,450 at 4.65%$811.87
157,450 at 4.66%$812.81
157,450 at 4.67%$813.76
157,450 at 4.68%$814.70
157,450 at 4.69%$815.65
157,450 at 4.7%$816.60
157,450 at 4.71%$817.54
157,450 at 4.72%$818.49
157,450 at 4.73%$819.44
157,450 at 4.74%$820.38
157,450 at 4.75%$821.33
157,450 at 4.76%$822.28
157,450 at 4.77%$823.23
157,450 at 4.78%$824.18
157,450 at 4.79%$825.13
157,450 at 4.8%$826.09
157,450 at 4.81%$827.04
157,450 at 4.82%$827.99
157,450 at 4.83%$828.94
157,450 at 4.84%$829.90
157,450 at 4.85%$830.85
157,450 at 4.86%$831.81
157,450 at 4.87%$832.76
157,450 at 4.88%$833.72
157,450 at 4.89%$834.67
157,450 at 4.9%$835.63
157,450 at 4.91%$836.59
157,450 at 4.92%$837.54
157,450 at 4.93%$838.50
157,450 at 4.94%$839.46
157,450 at 4.95%$840.42
157,450 at 4.96%$841.38
157,450 at 4.97%$842.34
157,450 at 4.98%$843.30
157,450 at 4.99%$844.26
157,450 at 5%$845.23
Interest Rate 30 Year
157,450 at 5.01%$846.19
157,450 at 5.02%$847.15
157,450 at 5.03%$848.11
157,450 at 5.04%$849.08
157,450 at 5.05%$850.04
157,450 at 5.06%$851.01
157,450 at 5.07%$851.97
157,450 at 5.08%$852.94
157,450 at 5.09%$853.91
157,450 at 5.1%$854.87
157,450 at 5.11%$855.84
157,450 at 5.12%$856.81
157,450 at 5.13%$857.78
157,450 at 5.14%$858.75
157,450 at 5.15%$859.72
157,450 at 5.16%$860.69
157,450 at 5.17%$861.66
157,450 at 5.18%$862.63
157,450 at 5.19%$863.60
157,450 at 5.2%$864.58
157,450 at 5.21%$865.55
157,450 at 5.22%$866.52
157,450 at 5.23%$867.50
157,450 at 5.24%$868.47
157,450 at 5.25%$869.44
157,450 at 5.26%$870.42
157,450 at 5.27%$871.40
157,450 at 5.28%$872.37
157,450 at 5.29%$873.35
157,450 at 5.3%$874.33
157,450 at 5.31%$875.31
157,450 at 5.32%$876.28
157,450 at 5.33%$877.26
157,450 at 5.34%$878.24
157,450 at 5.35%$879.22
157,450 at 5.36%$880.20
157,450 at 5.37%$881.18
157,450 at 5.38%$882.17
157,450 at 5.39%$883.15
157,450 at 5.4%$884.13
157,450 at 5.41%$885.11
157,450 at 5.42%$886.10
157,450 at 5.43%$887.08
157,450 at 5.44%$888.07
157,450 at 5.45%$889.05
157,450 at 5.46%$890.04
157,450 at 5.47%$891.02
157,450 at 5.48%$892.01
157,450 at 5.49%$893.00
157,450 at 5.5%$893.98
157,450 at 5.51%$894.97
157,450 at 5.52%$895.96
157,450 at 5.53%$896.95
157,450 at 5.54%$897.94
157,450 at 5.55%$898.93
157,450 at 5.56%$899.92
157,450 at 5.57%$900.91
157,450 at 5.58%$901.90
157,450 at 5.59%$902.89
157,450 at 5.6%$903.89
157,450 at 5.61%$904.88
157,450 at 5.62%$905.87
157,450 at 5.63%$906.87
157,450 at 5.64%$907.86
157,450 at 5.65%$908.86
157,450 at 5.66%$909.85
157,450 at 5.67%$910.85
157,450 at 5.68%$911.85
157,450 at 5.69%$912.84
157,450 at 5.7%$913.84
157,450 at 5.71%$914.84
157,450 at 5.72%$915.84
157,450 at 5.73%$916.84
157,450 at 5.74%$917.84
157,450 at 5.75%$918.84
157,450 at 5.76%$919.84
157,450 at 5.77%$920.84
157,450 at 5.78%$921.84
157,450 at 5.79%$922.84
157,450 at 5.8%$923.84
157,450 at 5.81%$924.85
157,450 at 5.82%$925.85
157,450 at 5.83%$926.85
157,450 at 5.84%$927.86
157,450 at 5.85%$928.86
157,450 at 5.86%$929.87
157,450 at 5.87%$930.87
157,450 at 5.88%$931.88
157,450 at 5.89%$932.89
157,450 at 5.9%$933.89
157,450 at 5.91%$934.90
157,450 at 5.92%$935.91
157,450 at 5.93%$936.92
157,450 at 5.94%$937.93
157,450 at 5.95%$938.94
157,450 at 5.96%$939.95
157,450 at 5.97%$940.96
157,450 at 5.98%$941.97
157,450 at 5.99%$942.98
157,450 at 6%$943.99
157,450 at 6.01%$945.00
157,450 at 6.02%$946.02
157,450 at 6.03%$947.03
157,450 at 6.04%$948.05
157,450 at 6.05%$949.06
157,450 at 6.06%$950.07
157,450 at 6.07%$951.09
157,450 at 6.08%$952.11
157,450 at 6.09%$953.12
157,450 at 6.1%$954.14
157,450 at 6.11%$955.16
157,450 at 6.12%$956.17
157,450 at 6.13%$957.19
157,450 at 6.14%$958.21
157,450 at 6.15%$959.23
157,450 at 6.16%$960.25
157,450 at 6.17%$961.27
157,450 at 6.18%$962.29
157,450 at 6.19%$963.31
157,450 at 6.2%$964.33
157,450 at 6.21%$965.35
157,450 at 6.22%$966.38
157,450 at 6.23%$967.40
157,450 at 6.24%$968.42
157,450 at 6.25%$969.45
157,450 at 6.26%$970.47
157,450 at 6.27%$971.50
157,450 at 6.28%$972.52
157,450 at 6.29%$973.55
157,450 at 6.3%$974.57
157,450 at 6.31%$975.60
157,450 at 6.32%$976.63
157,450 at 6.33%$977.65
157,450 at 6.34%$978.68
157,450 at 6.35%$979.71
157,450 at 6.36%$980.74
157,450 at 6.37%$981.77
157,450 at 6.38%$982.80
157,450 at 6.39%$983.83
157,450 at 6.4%$984.86
157,450 at 6.41%$985.89
157,450 at 6.42%$986.92
157,450 at 6.43%$987.95
157,450 at 6.44%$988.99
157,450 at 6.45%$990.02
157,450 at 6.46%$991.05
157,450 at 6.47%$992.09
157,450 at 6.48%$993.12
157,450 at 6.49%$994.16
157,450 at 6.5%$995.19
Interest Rate 30 Year
157,450 at 6.51%$996.23
157,450 at 6.52%$997.26
157,450 at 6.53%$998.30
157,450 at 6.54%$999.34
157,450 at 6.55%$1,000.37
157,450 at 6.56%$1,001.41
157,450 at 6.57%$1,002.45
157,450 at 6.58%$1,003.49
157,450 at 6.59%$1,004.53
157,450 at 6.6%$1,005.57
157,450 at 6.61%$1,006.61
157,450 at 6.62%$1,007.65
157,450 at 6.63%$1,008.69
157,450 at 6.64%$1,009.73
157,450 at 6.65%$1,010.77
157,450 at 6.66%$1,011.82
157,450 at 6.67%$1,012.86
157,450 at 6.68%$1,013.90
157,450 at 6.69%$1,014.95
157,450 at 6.7%$1,015.99
157,450 at 6.71%$1,017.03
157,450 at 6.72%$1,018.08
157,450 at 6.73%$1,019.13
157,450 at 6.74%$1,020.17
157,450 at 6.75%$1,021.22
157,450 at 6.76%$1,022.26
157,450 at 6.77%$1,023.31
157,450 at 6.78%$1,024.36
157,450 at 6.79%$1,025.41
157,450 at 6.8%$1,026.46
157,450 at 6.81%$1,027.51
157,450 at 6.82%$1,028.55
157,450 at 6.83%$1,029.60
157,450 at 6.84%$1,030.65
157,450 at 6.85%$1,031.71
157,450 at 6.86%$1,032.76
157,450 at 6.87%$1,033.81
157,450 at 6.88%$1,034.86
157,450 at 6.89%$1,035.91
157,450 at 6.9%$1,036.97
157,450 at 6.91%$1,038.02
157,450 at 6.92%$1,039.07
157,450 at 6.93%$1,040.13
157,450 at 6.94%$1,041.18
157,450 at 6.95%$1,042.24
157,450 at 6.96%$1,043.29
157,450 at 6.97%$1,044.35
157,450 at 6.98%$1,045.40
157,450 at 6.99%$1,046.46
157,450 at 7%$1,047.52
157,450 at 7.01%$1,048.58
157,450 at 7.02%$1,049.63
157,450 at 7.03%$1,050.69
157,450 at 7.04%$1,051.75
157,450 at 7.05%$1,052.81
157,450 at 7.06%$1,053.87
157,450 at 7.07%$1,054.93
157,450 at 7.08%$1,055.99
157,450 at 7.09%$1,057.05
157,450 at 7.1%$1,058.11
157,450 at 7.11%$1,059.18
157,450 at 7.12%$1,060.24
157,450 at 7.13%$1,061.30
157,450 at 7.14%$1,062.36
157,450 at 7.15%$1,063.43
157,450 at 7.16%$1,064.49
157,450 at 7.17%$1,065.56
157,450 at 7.18%$1,066.62
157,450 at 7.19%$1,067.69
157,450 at 7.2%$1,068.75
157,450 at 7.21%$1,069.82
157,450 at 7.22%$1,070.88
157,450 at 7.23%$1,071.95
157,450 at 7.24%$1,073.02
157,450 at 7.25%$1,074.09
157,450 at 7.26%$1,075.15
157,450 at 7.27%$1,076.22
157,450 at 7.28%$1,077.29
157,450 at 7.29%$1,078.36
157,450 at 7.3%$1,079.43
157,450 at 7.31%$1,080.50
157,450 at 7.32%$1,081.57
157,450 at 7.33%$1,082.64
157,450 at 7.34%$1,083.71
157,450 at 7.35%$1,084.79
157,450 at 7.36%$1,085.86
157,450 at 7.37%$1,086.93
157,450 at 7.38%$1,088.00
157,450 at 7.39%$1,089.08
157,450 at 7.4%$1,090.15
157,450 at 7.41%$1,091.23
157,450 at 7.42%$1,092.30
157,450 at 7.43%$1,093.38
157,450 at 7.44%$1,094.45
157,450 at 7.45%$1,095.53
157,450 at 7.46%$1,096.60
157,450 at 7.47%$1,097.68
157,450 at 7.48%$1,098.76
157,450 at 7.49%$1,099.84
157,450 at 7.5%$1,100.91
157,450 at 7.51%$1,101.99
157,450 at 7.52%$1,103.07
157,450 at 7.53%$1,104.15
157,450 at 7.54%$1,105.23
157,450 at 7.55%$1,106.31
157,450 at 7.56%$1,107.39
157,450 at 7.57%$1,108.47
157,450 at 7.58%$1,109.55
157,450 at 7.59%$1,110.63
157,450 at 7.6%$1,111.71
157,450 at 7.61%$1,112.80
157,450 at 7.62%$1,113.88
157,450 at 7.63%$1,114.96
157,450 at 7.64%$1,116.05
157,450 at 7.65%$1,117.13
157,450 at 7.66%$1,118.21
157,450 at 7.67%$1,119.30
157,450 at 7.68%$1,120.38
157,450 at 7.69%$1,121.47
157,450 at 7.7%$1,122.56
157,450 at 7.71%$1,123.64
157,450 at 7.72%$1,124.73
157,450 at 7.73%$1,125.82
157,450 at 7.74%$1,126.90
157,450 at 7.75%$1,127.99
157,450 at 7.76%$1,129.08
157,450 at 7.77%$1,130.17
157,450 at 7.78%$1,131.26
157,450 at 7.79%$1,132.35
157,450 at 7.8%$1,133.44
157,450 at 7.81%$1,134.53
157,450 at 7.82%$1,135.62
157,450 at 7.83%$1,136.71
157,450 at 7.84%$1,137.80
157,450 at 7.85%$1,138.89
157,450 at 7.86%$1,139.98
157,450 at 7.87%$1,141.08
157,450 at 7.88%$1,142.17
157,450 at 7.89%$1,143.26
157,450 at 7.9%$1,144.36
157,450 at 7.91%$1,145.45
157,450 at 7.92%$1,146.54
157,450 at 7.93%$1,147.64
157,450 at 7.94%$1,148.73
157,450 at 7.95%$1,149.83
157,450 at 7.96%$1,150.92
157,450 at 7.97%$1,152.02
157,450 at 7.98%$1,153.12
157,450 at 7.99%$1,154.21
157,450 at 8%$1,155.31
More Amounts
What is the down payment for a $157,450 house? How much do you need to put down?
Percent Down Down Payment
1%1,575
2%3,149
3%4,724
4%6,298
5%7,873
6%9,447
7%11,022
8%12,596
9%14,171
10%15,745
11%17,320
12%18,894
13%20,469
14%22,043
15%23,618
16%25,192
17%26,767
18%28,341
19%29,916
20%31,490
Percent Down Down Payment
21%33,065
22%34,639
23%36,214
24%37,788
25%39,363
26%40,937
27%42,512
28%44,086
29%45,661
30%47,235
31%48,810
32%50,384
33%51,959
34%53,533
35%55,108
36%56,682
37%58,257
38%59,831
39%61,406
40%62,980
Percent Down Down Payment
41%64,555
42%66,129
43%67,704
44%69,278
45%70,853
46%72,427
47%74,002
48%75,576
49%77,151
50%78,725
51%80,300
52%81,874
53%83,449
54%85,023
55%86,598
56%88,172
57%89,747
58%91,321
59%92,896
60%94,470
Percent Down Down Payment
61%96,045
62%97,619
63%99,194
64%100,768
65%102,343
66%103,917
67%105,492
68%107,066
69%108,641
70%110,215
71%111,790
72%113,364
73%114,939
74%116,513
75%118,088
76%119,662
77%121,237
78%122,811
79%124,386
80%125,960
Percent Down Down Payment
81%127,535
82%129,109
83%130,684
84%132,258
85%133,833
86%135,407
87%136,982
88%138,556
89%140,131
90%141,705
91%143,280
92%144,854
93%146,429
94%148,003
95%149,578
96%151,152
97%152,727
98%154,301
99%155,876
100%157,450
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.