$157,800 Mortgage for 30 Years

What is the monthly payment of a 157,800 dollar loan?
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Loan Tables for a $157,800 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 158k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $157,800 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
157,800 at 2.01%$584.05
157,800 at 2.02%$584.84
157,800 at 2.03%$585.63
157,800 at 2.04%$586.42
157,800 at 2.05%$587.21
157,800 at 2.06%$588.01
157,800 at 2.07%$588.80
157,800 at 2.08%$589.59
157,800 at 2.09%$590.39
157,800 at 2.1%$591.18
157,800 at 2.11%$591.98
157,800 at 2.12%$592.77
157,800 at 2.13%$593.57
157,800 at 2.14%$594.37
157,800 at 2.15%$595.17
157,800 at 2.16%$595.97
157,800 at 2.17%$596.77
157,800 at 2.18%$597.57
157,800 at 2.19%$598.37
157,800 at 2.2%$599.17
157,800 at 2.21%$599.97
157,800 at 2.22%$600.77
157,800 at 2.23%$601.58
157,800 at 2.24%$602.38
157,800 at 2.25%$603.18
157,800 at 2.26%$603.99
157,800 at 2.27%$604.80
157,800 at 2.28%$605.60
157,800 at 2.29%$606.41
157,800 at 2.3%$607.22
157,800 at 2.31%$608.02
157,800 at 2.32%$608.83
157,800 at 2.33%$609.64
157,800 at 2.34%$610.45
157,800 at 2.35%$611.26
157,800 at 2.36%$612.08
157,800 at 2.37%$612.89
157,800 at 2.38%$613.70
157,800 at 2.39%$614.51
157,800 at 2.4%$615.33
157,800 at 2.41%$616.14
157,800 at 2.42%$616.96
157,800 at 2.43%$617.77
157,800 at 2.44%$618.59
157,800 at 2.45%$619.41
157,800 at 2.46%$620.22
157,800 at 2.47%$621.04
157,800 at 2.48%$621.86
157,800 at 2.49%$622.68
157,800 at 2.5%$623.50
157,800 at 2.51%$624.32
157,800 at 2.52%$625.14
157,800 at 2.53%$625.96
157,800 at 2.54%$626.79
157,800 at 2.55%$627.61
157,800 at 2.56%$628.43
157,800 at 2.57%$629.26
157,800 at 2.58%$630.08
157,800 at 2.59%$630.91
157,800 at 2.6%$631.74
157,800 at 2.61%$632.56
157,800 at 2.62%$633.39
157,800 at 2.63%$634.22
157,800 at 2.64%$635.05
157,800 at 2.65%$635.88
157,800 at 2.66%$636.71
157,800 at 2.67%$637.54
157,800 at 2.68%$638.37
157,800 at 2.69%$639.20
157,800 at 2.7%$640.03
157,800 at 2.71%$640.87
157,800 at 2.72%$641.70
157,800 at 2.73%$642.53
157,800 at 2.74%$643.37
157,800 at 2.75%$644.20
157,800 at 2.76%$645.04
157,800 at 2.77%$645.88
157,800 at 2.78%$646.71
157,800 at 2.79%$647.55
157,800 at 2.8%$648.39
157,800 at 2.81%$649.23
157,800 at 2.82%$650.07
157,800 at 2.83%$650.91
157,800 at 2.84%$651.75
157,800 at 2.85%$652.59
157,800 at 2.86%$653.44
157,800 at 2.87%$654.28
157,800 at 2.88%$655.12
157,800 at 2.89%$655.97
157,800 at 2.9%$656.81
157,800 at 2.91%$657.66
157,800 at 2.92%$658.50
157,800 at 2.93%$659.35
157,800 at 2.94%$660.20
157,800 at 2.95%$661.04
157,800 at 2.96%$661.89
157,800 at 2.97%$662.74
157,800 at 2.98%$663.59
157,800 at 2.99%$664.44
157,800 at 3%$665.29
157,800 at 3.01%$666.14
157,800 at 3.02%$666.99
157,800 at 3.03%$667.85
157,800 at 3.04%$668.70
157,800 at 3.05%$669.55
157,800 at 3.06%$670.41
157,800 at 3.07%$671.26
157,800 at 3.08%$672.12
157,800 at 3.09%$672.98
157,800 at 3.1%$673.83
157,800 at 3.11%$674.69
157,800 at 3.12%$675.55
157,800 at 3.13%$676.41
157,800 at 3.14%$677.27
157,800 at 3.15%$678.12
157,800 at 3.16%$678.99
157,800 at 3.17%$679.85
157,800 at 3.18%$680.71
157,800 at 3.19%$681.57
157,800 at 3.2%$682.43
157,800 at 3.21%$683.30
157,800 at 3.22%$684.16
157,800 at 3.23%$685.02
157,800 at 3.24%$685.89
157,800 at 3.25%$686.76
157,800 at 3.26%$687.62
157,800 at 3.27%$688.49
157,800 at 3.28%$689.36
157,800 at 3.29%$690.22
157,800 at 3.3%$691.09
157,800 at 3.31%$691.96
157,800 at 3.32%$692.83
157,800 at 3.33%$693.70
157,800 at 3.34%$694.57
157,800 at 3.35%$695.45
157,800 at 3.36%$696.32
157,800 at 3.37%$697.19
157,800 at 3.38%$698.06
157,800 at 3.39%$698.94
157,800 at 3.4%$699.81
157,800 at 3.41%$700.69
157,800 at 3.42%$701.56
157,800 at 3.43%$702.44
157,800 at 3.44%$703.32
157,800 at 3.45%$704.20
157,800 at 3.46%$705.07
157,800 at 3.47%$705.95
157,800 at 3.48%$706.83
157,800 at 3.49%$707.71
157,800 at 3.5%$708.59
Interest Rate 30 Year
157,800 at 3.51%$709.47
157,800 at 3.52%$710.36
157,800 at 3.53%$711.24
157,800 at 3.54%$712.12
157,800 at 3.55%$713.00
157,800 at 3.56%$713.89
157,800 at 3.57%$714.77
157,800 at 3.58%$715.66
157,800 at 3.59%$716.54
157,800 at 3.6%$717.43
157,800 at 3.61%$718.32
157,800 at 3.62%$719.20
157,800 at 3.63%$720.09
157,800 at 3.64%$720.98
157,800 at 3.65%$721.87
157,800 at 3.66%$722.76
157,800 at 3.67%$723.65
157,800 at 3.68%$724.54
157,800 at 3.69%$725.43
157,800 at 3.7%$726.33
157,800 at 3.71%$727.22
157,800 at 3.72%$728.11
157,800 at 3.73%$729.01
157,800 at 3.74%$729.90
157,800 at 3.75%$730.80
157,800 at 3.76%$731.69
157,800 at 3.77%$732.59
157,800 at 3.78%$733.49
157,800 at 3.79%$734.38
157,800 at 3.8%$735.28
157,800 at 3.81%$736.18
157,800 at 3.82%$737.08
157,800 at 3.83%$737.98
157,800 at 3.84%$738.88
157,800 at 3.85%$739.78
157,800 at 3.86%$740.68
157,800 at 3.87%$741.58
157,800 at 3.88%$742.49
157,800 at 3.89%$743.39
157,800 at 3.9%$744.29
157,800 at 3.91%$745.20
157,800 at 3.92%$746.10
157,800 at 3.93%$747.01
157,800 at 3.94%$747.91
157,800 at 3.95%$748.82
157,800 at 3.96%$749.73
157,800 at 3.97%$750.63
157,800 at 3.98%$751.54
157,800 at 3.99%$752.45
157,800 at 4%$753.36
157,800 at 4.01%$754.27
157,800 at 4.02%$755.18
157,800 at 4.03%$756.09
157,800 at 4.04%$757.00
157,800 at 4.05%$757.92
157,800 at 4.06%$758.83
157,800 at 4.07%$759.74
157,800 at 4.08%$760.66
157,800 at 4.09%$761.57
157,800 at 4.1%$762.49
157,800 at 4.11%$763.40
157,800 at 4.12%$764.32
157,800 at 4.13%$765.24
157,800 at 4.14%$766.15
157,800 at 4.15%$767.07
157,800 at 4.16%$767.99
157,800 at 4.17%$768.91
157,800 at 4.18%$769.83
157,800 at 4.19%$770.75
157,800 at 4.2%$771.67
157,800 at 4.21%$772.59
157,800 at 4.22%$773.51
157,800 at 4.23%$774.43
157,800 at 4.24%$775.36
157,800 at 4.25%$776.28
157,800 at 4.26%$777.21
157,800 at 4.27%$778.13
157,800 at 4.28%$779.06
157,800 at 4.29%$779.98
157,800 at 4.3%$780.91
157,800 at 4.31%$781.83
157,800 at 4.32%$782.76
157,800 at 4.33%$783.69
157,800 at 4.34%$784.62
157,800 at 4.35%$785.55
157,800 at 4.36%$786.48
157,800 at 4.37%$787.41
157,800 at 4.38%$788.34
157,800 at 4.39%$789.27
157,800 at 4.4%$790.20
157,800 at 4.41%$791.13
157,800 at 4.42%$792.07
157,800 at 4.43%$793.00
157,800 at 4.44%$793.93
157,800 at 4.45%$794.87
157,800 at 4.46%$795.80
157,800 at 4.47%$796.74
157,800 at 4.48%$797.68
157,800 at 4.49%$798.61
157,800 at 4.5%$799.55
157,800 at 4.51%$800.49
157,800 at 4.52%$801.43
157,800 at 4.53%$802.36
157,800 at 4.54%$803.30
157,800 at 4.55%$804.24
157,800 at 4.56%$805.18
157,800 at 4.57%$806.13
157,800 at 4.58%$807.07
157,800 at 4.59%$808.01
157,800 at 4.6%$808.95
157,800 at 4.61%$809.90
157,800 at 4.62%$810.84
157,800 at 4.63%$811.78
157,800 at 4.64%$812.73
157,800 at 4.65%$813.67
157,800 at 4.66%$814.62
157,800 at 4.67%$815.57
157,800 at 4.68%$816.51
157,800 at 4.69%$817.46
157,800 at 4.7%$818.41
157,800 at 4.71%$819.36
157,800 at 4.72%$820.31
157,800 at 4.73%$821.26
157,800 at 4.74%$822.21
157,800 at 4.75%$823.16
157,800 at 4.76%$824.11
157,800 at 4.77%$825.06
157,800 at 4.78%$826.02
157,800 at 4.79%$826.97
157,800 at 4.8%$827.92
157,800 at 4.81%$828.88
157,800 at 4.82%$829.83
157,800 at 4.83%$830.79
157,800 at 4.84%$831.74
157,800 at 4.85%$832.70
157,800 at 4.86%$833.65
157,800 at 4.87%$834.61
157,800 at 4.88%$835.57
157,800 at 4.89%$836.53
157,800 at 4.9%$837.49
157,800 at 4.91%$838.45
157,800 at 4.92%$839.41
157,800 at 4.93%$840.37
157,800 at 4.94%$841.33
157,800 at 4.95%$842.29
157,800 at 4.96%$843.25
157,800 at 4.97%$844.21
157,800 at 4.98%$845.18
157,800 at 4.99%$846.14
157,800 at 5%$847.10
Interest Rate 30 Year
157,800 at 5.01%$848.07
157,800 at 5.02%$849.03
157,800 at 5.03%$850.00
157,800 at 5.04%$850.97
157,800 at 5.05%$851.93
157,800 at 5.06%$852.90
157,800 at 5.07%$853.87
157,800 at 5.08%$854.84
157,800 at 5.09%$855.81
157,800 at 5.1%$856.77
157,800 at 5.11%$857.74
157,800 at 5.12%$858.72
157,800 at 5.13%$859.69
157,800 at 5.14%$860.66
157,800 at 5.15%$861.63
157,800 at 5.16%$862.60
157,800 at 5.17%$863.57
157,800 at 5.18%$864.55
157,800 at 5.19%$865.52
157,800 at 5.2%$866.50
157,800 at 5.21%$867.47
157,800 at 5.22%$868.45
157,800 at 5.23%$869.42
157,800 at 5.24%$870.40
157,800 at 5.25%$871.38
157,800 at 5.26%$872.36
157,800 at 5.27%$873.33
157,800 at 5.28%$874.31
157,800 at 5.29%$875.29
157,800 at 5.3%$876.27
157,800 at 5.31%$877.25
157,800 at 5.32%$878.23
157,800 at 5.33%$879.21
157,800 at 5.34%$880.19
157,800 at 5.35%$881.18
157,800 at 5.36%$882.16
157,800 at 5.37%$883.14
157,800 at 5.38%$884.13
157,800 at 5.39%$885.11
157,800 at 5.4%$886.10
157,800 at 5.41%$887.08
157,800 at 5.42%$888.07
157,800 at 5.43%$889.05
157,800 at 5.44%$890.04
157,800 at 5.45%$891.03
157,800 at 5.46%$892.01
157,800 at 5.47%$893.00
157,800 at 5.48%$893.99
157,800 at 5.49%$894.98
157,800 at 5.5%$895.97
157,800 at 5.51%$896.96
157,800 at 5.52%$897.95
157,800 at 5.53%$898.94
157,800 at 5.54%$899.94
157,800 at 5.55%$900.93
157,800 at 5.56%$901.92
157,800 at 5.57%$902.91
157,800 at 5.58%$903.91
157,800 at 5.59%$904.90
157,800 at 5.6%$905.90
157,800 at 5.61%$906.89
157,800 at 5.62%$907.89
157,800 at 5.63%$908.88
157,800 at 5.64%$909.88
157,800 at 5.65%$910.88
157,800 at 5.66%$911.88
157,800 at 5.67%$912.87
157,800 at 5.68%$913.87
157,800 at 5.69%$914.87
157,800 at 5.7%$915.87
157,800 at 5.71%$916.87
157,800 at 5.72%$917.87
157,800 at 5.73%$918.87
157,800 at 5.74%$919.88
157,800 at 5.75%$920.88
157,800 at 5.76%$921.88
157,800 at 5.77%$922.88
157,800 at 5.78%$923.89
157,800 at 5.79%$924.89
157,800 at 5.8%$925.90
157,800 at 5.81%$926.90
157,800 at 5.82%$927.91
157,800 at 5.83%$928.91
157,800 at 5.84%$929.92
157,800 at 5.85%$930.93
157,800 at 5.86%$931.93
157,800 at 5.87%$932.94
157,800 at 5.88%$933.95
157,800 at 5.89%$934.96
157,800 at 5.9%$935.97
157,800 at 5.91%$936.98
157,800 at 5.92%$937.99
157,800 at 5.93%$939.00
157,800 at 5.94%$940.01
157,800 at 5.95%$941.02
157,800 at 5.96%$942.04
157,800 at 5.97%$943.05
157,800 at 5.98%$944.06
157,800 at 5.99%$945.08
157,800 at 6%$946.09
157,800 at 6.01%$947.11
157,800 at 6.02%$948.12
157,800 at 6.03%$949.14
157,800 at 6.04%$950.15
157,800 at 6.05%$951.17
157,800 at 6.06%$952.19
157,800 at 6.07%$953.20
157,800 at 6.08%$954.22
157,800 at 6.09%$955.24
157,800 at 6.1%$956.26
157,800 at 6.11%$957.28
157,800 at 6.12%$958.30
157,800 at 6.13%$959.32
157,800 at 6.14%$960.34
157,800 at 6.15%$961.36
157,800 at 6.16%$962.38
157,800 at 6.17%$963.41
157,800 at 6.18%$964.43
157,800 at 6.19%$965.45
157,800 at 6.2%$966.48
157,800 at 6.21%$967.50
157,800 at 6.22%$968.52
157,800 at 6.23%$969.55
157,800 at 6.24%$970.58
157,800 at 6.25%$971.60
157,800 at 6.26%$972.63
157,800 at 6.27%$973.66
157,800 at 6.28%$974.68
157,800 at 6.29%$975.71
157,800 at 6.3%$976.74
157,800 at 6.31%$977.77
157,800 at 6.32%$978.80
157,800 at 6.33%$979.83
157,800 at 6.34%$980.86
157,800 at 6.35%$981.89
157,800 at 6.36%$982.92
157,800 at 6.37%$983.95
157,800 at 6.38%$984.98
157,800 at 6.39%$986.02
157,800 at 6.4%$987.05
157,800 at 6.41%$988.08
157,800 at 6.42%$989.12
157,800 at 6.43%$990.15
157,800 at 6.44%$991.18
157,800 at 6.45%$992.22
157,800 at 6.46%$993.26
157,800 at 6.47%$994.29
157,800 at 6.48%$995.33
157,800 at 6.49%$996.37
157,800 at 6.5%$997.40
Interest Rate 30 Year
157,800 at 6.51%$998.44
157,800 at 6.52%$999.48
157,800 at 6.53%$1,000.52
157,800 at 6.54%$1,001.56
157,800 at 6.55%$1,002.60
157,800 at 6.56%$1,003.64
157,800 at 6.57%$1,004.68
157,800 at 6.58%$1,005.72
157,800 at 6.59%$1,006.76
157,800 at 6.6%$1,007.80
157,800 at 6.61%$1,008.85
157,800 at 6.62%$1,009.89
157,800 at 6.63%$1,010.93
157,800 at 6.64%$1,011.98
157,800 at 6.65%$1,013.02
157,800 at 6.66%$1,014.07
157,800 at 6.67%$1,015.11
157,800 at 6.68%$1,016.16
157,800 at 6.69%$1,017.20
157,800 at 6.7%$1,018.25
157,800 at 6.71%$1,019.30
157,800 at 6.72%$1,020.34
157,800 at 6.73%$1,021.39
157,800 at 6.74%$1,022.44
157,800 at 6.75%$1,023.49
157,800 at 6.76%$1,024.54
157,800 at 6.77%$1,025.59
157,800 at 6.78%$1,026.64
157,800 at 6.79%$1,027.69
157,800 at 6.8%$1,028.74
157,800 at 6.81%$1,029.79
157,800 at 6.82%$1,030.84
157,800 at 6.83%$1,031.89
157,800 at 6.84%$1,032.95
157,800 at 6.85%$1,034.00
157,800 at 6.86%$1,035.05
157,800 at 6.87%$1,036.11
157,800 at 6.88%$1,037.16
157,800 at 6.89%$1,038.22
157,800 at 6.9%$1,039.27
157,800 at 6.91%$1,040.33
157,800 at 6.92%$1,041.38
157,800 at 6.93%$1,042.44
157,800 at 6.94%$1,043.50
157,800 at 6.95%$1,044.55
157,800 at 6.96%$1,045.61
157,800 at 6.97%$1,046.67
157,800 at 6.98%$1,047.73
157,800 at 6.99%$1,048.79
157,800 at 7%$1,049.85
157,800 at 7.01%$1,050.91
157,800 at 7.02%$1,051.97
157,800 at 7.03%$1,053.03
157,800 at 7.04%$1,054.09
157,800 at 7.05%$1,055.15
157,800 at 7.06%$1,056.21
157,800 at 7.07%$1,057.28
157,800 at 7.08%$1,058.34
157,800 at 7.09%$1,059.40
157,800 at 7.1%$1,060.47
157,800 at 7.11%$1,061.53
157,800 at 7.12%$1,062.60
157,800 at 7.13%$1,063.66
157,800 at 7.14%$1,064.73
157,800 at 7.15%$1,065.79
157,800 at 7.16%$1,066.86
157,800 at 7.17%$1,067.92
157,800 at 7.18%$1,068.99
157,800 at 7.19%$1,070.06
157,800 at 7.2%$1,071.13
157,800 at 7.21%$1,072.20
157,800 at 7.22%$1,073.27
157,800 at 7.23%$1,074.33
157,800 at 7.24%$1,075.40
157,800 at 7.25%$1,076.47
157,800 at 7.26%$1,077.54
157,800 at 7.27%$1,078.62
157,800 at 7.28%$1,079.69
157,800 at 7.29%$1,080.76
157,800 at 7.3%$1,081.83
157,800 at 7.31%$1,082.90
157,800 at 7.32%$1,083.98
157,800 at 7.33%$1,085.05
157,800 at 7.34%$1,086.12
157,800 at 7.35%$1,087.20
157,800 at 7.36%$1,088.27
157,800 at 7.37%$1,089.35
157,800 at 7.38%$1,090.42
157,800 at 7.39%$1,091.50
157,800 at 7.4%$1,092.58
157,800 at 7.41%$1,093.65
157,800 at 7.42%$1,094.73
157,800 at 7.43%$1,095.81
157,800 at 7.44%$1,096.88
157,800 at 7.45%$1,097.96
157,800 at 7.46%$1,099.04
157,800 at 7.47%$1,100.12
157,800 at 7.48%$1,101.20
157,800 at 7.49%$1,102.28
157,800 at 7.5%$1,103.36
157,800 at 7.51%$1,104.44
157,800 at 7.52%$1,105.52
157,800 at 7.53%$1,106.60
157,800 at 7.54%$1,107.69
157,800 at 7.55%$1,108.77
157,800 at 7.56%$1,109.85
157,800 at 7.57%$1,110.93
157,800 at 7.58%$1,112.02
157,800 at 7.59%$1,113.10
157,800 at 7.6%$1,114.19
157,800 at 7.61%$1,115.27
157,800 at 7.62%$1,116.36
157,800 at 7.63%$1,117.44
157,800 at 7.64%$1,118.53
157,800 at 7.65%$1,119.61
157,800 at 7.66%$1,120.70
157,800 at 7.67%$1,121.79
157,800 at 7.68%$1,122.87
157,800 at 7.69%$1,123.96
157,800 at 7.7%$1,125.05
157,800 at 7.71%$1,126.14
157,800 at 7.72%$1,127.23
157,800 at 7.73%$1,128.32
157,800 at 7.74%$1,129.41
157,800 at 7.75%$1,130.50
157,800 at 7.76%$1,131.59
157,800 at 7.77%$1,132.68
157,800 at 7.78%$1,133.77
157,800 at 7.79%$1,134.86
157,800 at 7.8%$1,135.96
157,800 at 7.81%$1,137.05
157,800 at 7.82%$1,138.14
157,800 at 7.83%$1,139.23
157,800 at 7.84%$1,140.33
157,800 at 7.85%$1,141.42
157,800 at 7.86%$1,142.52
157,800 at 7.87%$1,143.61
157,800 at 7.88%$1,144.71
157,800 at 7.89%$1,145.80
157,800 at 7.9%$1,146.90
157,800 at 7.91%$1,148.00
157,800 at 7.92%$1,149.09
157,800 at 7.93%$1,150.19
157,800 at 7.94%$1,151.29
157,800 at 7.95%$1,152.38
157,800 at 7.96%$1,153.48
157,800 at 7.97%$1,154.58
157,800 at 7.98%$1,155.68
157,800 at 7.99%$1,156.78
157,800 at 8%$1,157.88
More Amounts
What is the down payment for a $157,800 house? How much do you need to put down?
Percent Down Down Payment
1%1,578
2%3,156
3%4,734
4%6,312
5%7,890
6%9,468
7%11,046
8%12,624
9%14,202
10%15,780
11%17,358
12%18,936
13%20,514
14%22,092
15%23,670
16%25,248
17%26,826
18%28,404
19%29,982
20%31,560
Percent Down Down Payment
21%33,138
22%34,716
23%36,294
24%37,872
25%39,450
26%41,028
27%42,606
28%44,184
29%45,762
30%47,340
31%48,918
32%50,496
33%52,074
34%53,652
35%55,230
36%56,808
37%58,386
38%59,964
39%61,542
40%63,120
Percent Down Down Payment
41%64,698
42%66,276
43%67,854
44%69,432
45%71,010
46%72,588
47%74,166
48%75,744
49%77,322
50%78,900
51%80,478
52%82,056
53%83,634
54%85,212
55%86,790
56%88,368
57%89,946
58%91,524
59%93,102
60%94,680
Percent Down Down Payment
61%96,258
62%97,836
63%99,414
64%100,992
65%102,570
66%104,148
67%105,726
68%107,304
69%108,882
70%110,460
71%112,038
72%113,616
73%115,194
74%116,772
75%118,350
76%119,928
77%121,506
78%123,084
79%124,662
80%126,240
Percent Down Down Payment
81%127,818
82%129,396
83%130,974
84%132,552
85%134,130
86%135,708
87%137,286
88%138,864
89%140,442
90%142,020
91%143,598
92%145,176
93%146,754
94%148,332
95%149,910
96%151,488
97%153,066
98%154,644
99%156,222
100%157,800
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.