$158,300 Mortgage for 30 Years

What is the monthly payment of a 158,300 dollar loan?
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Loan Tables for a $158,300 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 $158,300 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
158,300 at 2.01%$585.90
158,300 at 2.02%$586.69
158,300 at 2.03%$587.49
158,300 at 2.04%$588.28
158,300 at 2.05%$589.07
158,300 at 2.06%$589.87
158,300 at 2.07%$590.66
158,300 at 2.08%$591.46
158,300 at 2.09%$592.26
158,300 at 2.1%$593.06
158,300 at 2.11%$593.85
158,300 at 2.12%$594.65
158,300 at 2.13%$595.45
158,300 at 2.14%$596.25
158,300 at 2.15%$597.05
158,300 at 2.16%$597.85
158,300 at 2.17%$598.66
158,300 at 2.18%$599.46
158,300 at 2.19%$600.26
158,300 at 2.2%$601.07
158,300 at 2.21%$601.87
158,300 at 2.22%$602.68
158,300 at 2.23%$603.48
158,300 at 2.24%$604.29
158,300 at 2.25%$605.10
158,300 at 2.26%$605.90
158,300 at 2.27%$606.71
158,300 at 2.28%$607.52
158,300 at 2.29%$608.33
158,300 at 2.3%$609.14
158,300 at 2.31%$609.95
158,300 at 2.32%$610.76
158,300 at 2.33%$611.57
158,300 at 2.34%$612.39
158,300 at 2.35%$613.20
158,300 at 2.36%$614.01
158,300 at 2.37%$614.83
158,300 at 2.38%$615.64
158,300 at 2.39%$616.46
158,300 at 2.4%$617.28
158,300 at 2.41%$618.09
158,300 at 2.42%$618.91
158,300 at 2.43%$619.73
158,300 at 2.44%$620.55
158,300 at 2.45%$621.37
158,300 at 2.46%$622.19
158,300 at 2.47%$623.01
158,300 at 2.48%$623.83
158,300 at 2.49%$624.65
158,300 at 2.5%$625.48
158,300 at 2.51%$626.30
158,300 at 2.52%$627.12
158,300 at 2.53%$627.95
158,300 at 2.54%$628.77
158,300 at 2.55%$629.60
158,300 at 2.56%$630.43
158,300 at 2.57%$631.25
158,300 at 2.58%$632.08
158,300 at 2.59%$632.91
158,300 at 2.6%$633.74
158,300 at 2.61%$634.57
158,300 at 2.62%$635.40
158,300 at 2.63%$636.23
158,300 at 2.64%$637.06
158,300 at 2.65%$637.89
158,300 at 2.66%$638.72
158,300 at 2.67%$639.56
158,300 at 2.68%$640.39
158,300 at 2.69%$641.23
158,300 at 2.7%$642.06
158,300 at 2.71%$642.90
158,300 at 2.72%$643.73
158,300 at 2.73%$644.57
158,300 at 2.74%$645.41
158,300 at 2.75%$646.25
158,300 at 2.76%$647.08
158,300 at 2.77%$647.92
158,300 at 2.78%$648.76
158,300 at 2.79%$649.60
158,300 at 2.8%$650.45
158,300 at 2.81%$651.29
158,300 at 2.82%$652.13
158,300 at 2.83%$652.97
158,300 at 2.84%$653.82
158,300 at 2.85%$654.66
158,300 at 2.86%$655.51
158,300 at 2.87%$656.35
158,300 at 2.88%$657.20
158,300 at 2.89%$658.04
158,300 at 2.9%$658.89
158,300 at 2.91%$659.74
158,300 at 2.92%$660.59
158,300 at 2.93%$661.44
158,300 at 2.94%$662.29
158,300 at 2.95%$663.14
158,300 at 2.96%$663.99
158,300 at 2.97%$664.84
158,300 at 2.98%$665.69
158,300 at 2.99%$666.55
158,300 at 3%$667.40
158,300 at 3.01%$668.25
158,300 at 3.02%$669.11
158,300 at 3.03%$669.96
158,300 at 3.04%$670.82
158,300 at 3.05%$671.68
158,300 at 3.06%$672.53
158,300 at 3.07%$673.39
158,300 at 3.08%$674.25
158,300 at 3.09%$675.11
158,300 at 3.1%$675.97
158,300 at 3.11%$676.83
158,300 at 3.12%$677.69
158,300 at 3.13%$678.55
158,300 at 3.14%$679.41
158,300 at 3.15%$680.27
158,300 at 3.16%$681.14
158,300 at 3.17%$682.00
158,300 at 3.18%$682.86
158,300 at 3.19%$683.73
158,300 at 3.2%$684.60
158,300 at 3.21%$685.46
158,300 at 3.22%$686.33
158,300 at 3.23%$687.20
158,300 at 3.24%$688.06
158,300 at 3.25%$688.93
158,300 at 3.26%$689.80
158,300 at 3.27%$690.67
158,300 at 3.28%$691.54
158,300 at 3.29%$692.41
158,300 at 3.3%$693.28
158,300 at 3.31%$694.16
158,300 at 3.32%$695.03
158,300 at 3.33%$695.90
158,300 at 3.34%$696.78
158,300 at 3.35%$697.65
158,300 at 3.36%$698.52
158,300 at 3.37%$699.40
158,300 at 3.38%$700.28
158,300 at 3.39%$701.15
158,300 at 3.4%$702.03
158,300 at 3.41%$702.91
158,300 at 3.42%$703.79
158,300 at 3.43%$704.67
158,300 at 3.44%$705.55
158,300 at 3.45%$706.43
158,300 at 3.46%$707.31
158,300 at 3.47%$708.19
158,300 at 3.48%$709.07
158,300 at 3.49%$709.95
158,300 at 3.5%$710.84
Interest Rate 30 Year
158,300 at 3.51%$711.72
158,300 at 3.52%$712.61
158,300 at 3.53%$713.49
158,300 at 3.54%$714.38
158,300 at 3.55%$715.26
158,300 at 3.56%$716.15
158,300 at 3.57%$717.04
158,300 at 3.58%$717.93
158,300 at 3.59%$718.81
158,300 at 3.6%$719.70
158,300 at 3.61%$720.59
158,300 at 3.62%$721.48
158,300 at 3.63%$722.37
158,300 at 3.64%$723.27
158,300 at 3.65%$724.16
158,300 at 3.66%$725.05
158,300 at 3.67%$725.94
158,300 at 3.68%$726.84
158,300 at 3.69%$727.73
158,300 at 3.7%$728.63
158,300 at 3.71%$729.52
158,300 at 3.72%$730.42
158,300 at 3.73%$731.32
158,300 at 3.74%$732.21
158,300 at 3.75%$733.11
158,300 at 3.76%$734.01
158,300 at 3.77%$734.91
158,300 at 3.78%$735.81
158,300 at 3.79%$736.71
158,300 at 3.8%$737.61
158,300 at 3.81%$738.51
158,300 at 3.82%$739.41
158,300 at 3.83%$740.32
158,300 at 3.84%$741.22
158,300 at 3.85%$742.12
158,300 at 3.86%$743.03
158,300 at 3.87%$743.93
158,300 at 3.88%$744.84
158,300 at 3.89%$745.74
158,300 at 3.9%$746.65
158,300 at 3.91%$747.56
158,300 at 3.92%$748.47
158,300 at 3.93%$749.37
158,300 at 3.94%$750.28
158,300 at 3.95%$751.19
158,300 at 3.96%$752.10
158,300 at 3.97%$753.01
158,300 at 3.98%$753.92
158,300 at 3.99%$754.84
158,300 at 4%$755.75
158,300 at 4.01%$756.66
158,300 at 4.02%$757.57
158,300 at 4.03%$758.49
158,300 at 4.04%$759.40
158,300 at 4.05%$760.32
158,300 at 4.06%$761.23
158,300 at 4.07%$762.15
158,300 at 4.08%$763.07
158,300 at 4.09%$763.99
158,300 at 4.1%$764.90
158,300 at 4.11%$765.82
158,300 at 4.12%$766.74
158,300 at 4.13%$767.66
158,300 at 4.14%$768.58
158,300 at 4.15%$769.50
158,300 at 4.16%$770.42
158,300 at 4.17%$771.34
158,300 at 4.18%$772.27
158,300 at 4.19%$773.19
158,300 at 4.2%$774.11
158,300 at 4.21%$775.04
158,300 at 4.22%$775.96
158,300 at 4.23%$776.89
158,300 at 4.24%$777.81
158,300 at 4.25%$778.74
158,300 at 4.26%$779.67
158,300 at 4.27%$780.60
158,300 at 4.28%$781.52
158,300 at 4.29%$782.45
158,300 at 4.3%$783.38
158,300 at 4.31%$784.31
158,300 at 4.32%$785.24
158,300 at 4.33%$786.17
158,300 at 4.34%$787.10
158,300 at 4.35%$788.04
158,300 at 4.36%$788.97
158,300 at 4.37%$789.90
158,300 at 4.38%$790.84
158,300 at 4.39%$791.77
158,300 at 4.4%$792.70
158,300 at 4.41%$793.64
158,300 at 4.42%$794.58
158,300 at 4.43%$795.51
158,300 at 4.44%$796.45
158,300 at 4.45%$797.39
158,300 at 4.46%$798.32
158,300 at 4.47%$799.26
158,300 at 4.48%$800.20
158,300 at 4.49%$801.14
158,300 at 4.5%$802.08
158,300 at 4.51%$803.02
158,300 at 4.52%$803.97
158,300 at 4.53%$804.91
158,300 at 4.54%$805.85
158,300 at 4.55%$806.79
158,300 at 4.56%$807.74
158,300 at 4.57%$808.68
158,300 at 4.58%$809.63
158,300 at 4.59%$810.57
158,300 at 4.6%$811.52
158,300 at 4.61%$812.46
158,300 at 4.62%$813.41
158,300 at 4.63%$814.36
158,300 at 4.64%$815.30
158,300 at 4.65%$816.25
158,300 at 4.66%$817.20
158,300 at 4.67%$818.15
158,300 at 4.68%$819.10
158,300 at 4.69%$820.05
158,300 at 4.7%$821.00
158,300 at 4.71%$821.96
158,300 at 4.72%$822.91
158,300 at 4.73%$823.86
158,300 at 4.74%$824.81
158,300 at 4.75%$825.77
158,300 at 4.76%$826.72
158,300 at 4.77%$827.68
158,300 at 4.78%$828.63
158,300 at 4.79%$829.59
158,300 at 4.8%$830.55
158,300 at 4.81%$831.50
158,300 at 4.82%$832.46
158,300 at 4.83%$833.42
158,300 at 4.84%$834.38
158,300 at 4.85%$835.34
158,300 at 4.86%$836.30
158,300 at 4.87%$837.26
158,300 at 4.88%$838.22
158,300 at 4.89%$839.18
158,300 at 4.9%$840.14
158,300 at 4.91%$841.10
158,300 at 4.92%$842.07
158,300 at 4.93%$843.03
158,300 at 4.94%$843.99
158,300 at 4.95%$844.96
158,300 at 4.96%$845.92
158,300 at 4.97%$846.89
158,300 at 4.98%$847.85
158,300 at 4.99%$848.82
158,300 at 5%$849.79
Interest Rate 30 Year
158,300 at 5.01%$850.76
158,300 at 5.02%$851.72
158,300 at 5.03%$852.69
158,300 at 5.04%$853.66
158,300 at 5.05%$854.63
158,300 at 5.06%$855.60
158,300 at 5.07%$856.57
158,300 at 5.08%$857.55
158,300 at 5.09%$858.52
158,300 at 5.1%$859.49
158,300 at 5.11%$860.46
158,300 at 5.12%$861.44
158,300 at 5.13%$862.41
158,300 at 5.14%$863.38
158,300 at 5.15%$864.36
158,300 at 5.16%$865.34
158,300 at 5.17%$866.31
158,300 at 5.18%$867.29
158,300 at 5.19%$868.26
158,300 at 5.2%$869.24
158,300 at 5.21%$870.22
158,300 at 5.22%$871.20
158,300 at 5.23%$872.18
158,300 at 5.24%$873.16
158,300 at 5.25%$874.14
158,300 at 5.26%$875.12
158,300 at 5.27%$876.10
158,300 at 5.28%$877.08
158,300 at 5.29%$878.06
158,300 at 5.3%$879.05
158,300 at 5.31%$880.03
158,300 at 5.32%$881.01
158,300 at 5.33%$882.00
158,300 at 5.34%$882.98
158,300 at 5.35%$883.97
158,300 at 5.36%$884.95
158,300 at 5.37%$885.94
158,300 at 5.38%$886.93
158,300 at 5.39%$887.92
158,300 at 5.4%$888.90
158,300 at 5.41%$889.89
158,300 at 5.42%$890.88
158,300 at 5.43%$891.87
158,300 at 5.44%$892.86
158,300 at 5.45%$893.85
158,300 at 5.46%$894.84
158,300 at 5.47%$895.83
158,300 at 5.48%$896.82
158,300 at 5.49%$897.82
158,300 at 5.5%$898.81
158,300 at 5.51%$899.80
158,300 at 5.52%$900.80
158,300 at 5.53%$901.79
158,300 at 5.54%$902.79
158,300 at 5.55%$903.78
158,300 at 5.56%$904.78
158,300 at 5.57%$905.77
158,300 at 5.58%$906.77
158,300 at 5.59%$907.77
158,300 at 5.6%$908.77
158,300 at 5.61%$909.77
158,300 at 5.62%$910.76
158,300 at 5.63%$911.76
158,300 at 5.64%$912.76
158,300 at 5.65%$913.76
158,300 at 5.66%$914.77
158,300 at 5.67%$915.77
158,300 at 5.68%$916.77
158,300 at 5.69%$917.77
158,300 at 5.7%$918.77
158,300 at 5.71%$919.78
158,300 at 5.72%$920.78
158,300 at 5.73%$921.79
158,300 at 5.74%$922.79
158,300 at 5.75%$923.80
158,300 at 5.76%$924.80
158,300 at 5.77%$925.81
158,300 at 5.78%$926.81
158,300 at 5.79%$927.82
158,300 at 5.8%$928.83
158,300 at 5.81%$929.84
158,300 at 5.82%$930.85
158,300 at 5.83%$931.86
158,300 at 5.84%$932.87
158,300 at 5.85%$933.88
158,300 at 5.86%$934.89
158,300 at 5.87%$935.90
158,300 at 5.88%$936.91
158,300 at 5.89%$937.92
158,300 at 5.9%$938.94
158,300 at 5.91%$939.95
158,300 at 5.92%$940.96
158,300 at 5.93%$941.98
158,300 at 5.94%$942.99
158,300 at 5.95%$944.01
158,300 at 5.96%$945.02
158,300 at 5.97%$946.04
158,300 at 5.98%$947.05
158,300 at 5.99%$948.07
158,300 at 6%$949.09
158,300 at 6.01%$950.11
158,300 at 6.02%$951.12
158,300 at 6.03%$952.14
158,300 at 6.04%$953.16
158,300 at 6.05%$954.18
158,300 at 6.06%$955.20
158,300 at 6.07%$956.22
158,300 at 6.08%$957.25
158,300 at 6.09%$958.27
158,300 at 6.1%$959.29
158,300 at 6.11%$960.31
158,300 at 6.12%$961.34
158,300 at 6.13%$962.36
158,300 at 6.14%$963.38
158,300 at 6.15%$964.41
158,300 at 6.16%$965.43
158,300 at 6.17%$966.46
158,300 at 6.18%$967.48
158,300 at 6.19%$968.51
158,300 at 6.2%$969.54
158,300 at 6.21%$970.57
158,300 at 6.22%$971.59
158,300 at 6.23%$972.62
158,300 at 6.24%$973.65
158,300 at 6.25%$974.68
158,300 at 6.26%$975.71
158,300 at 6.27%$976.74
158,300 at 6.28%$977.77
158,300 at 6.29%$978.80
158,300 at 6.3%$979.83
158,300 at 6.31%$980.87
158,300 at 6.32%$981.90
158,300 at 6.33%$982.93
158,300 at 6.34%$983.97
158,300 at 6.35%$985.00
158,300 at 6.36%$986.03
158,300 at 6.37%$987.07
158,300 at 6.38%$988.10
158,300 at 6.39%$989.14
158,300 at 6.4%$990.18
158,300 at 6.41%$991.21
158,300 at 6.42%$992.25
158,300 at 6.43%$993.29
158,300 at 6.44%$994.33
158,300 at 6.45%$995.36
158,300 at 6.46%$996.40
158,300 at 6.47%$997.44
158,300 at 6.48%$998.48
158,300 at 6.49%$999.52
158,300 at 6.5%$1,000.56
Interest Rate 30 Year
158,300 at 6.51%$1,001.60
158,300 at 6.52%$1,002.65
158,300 at 6.53%$1,003.69
158,300 at 6.54%$1,004.73
158,300 at 6.55%$1,005.77
158,300 at 6.56%$1,006.82
158,300 at 6.57%$1,007.86
158,300 at 6.58%$1,008.91
158,300 at 6.59%$1,009.95
158,300 at 6.6%$1,011.00
158,300 at 6.61%$1,012.04
158,300 at 6.62%$1,013.09
158,300 at 6.63%$1,014.14
158,300 at 6.64%$1,015.18
158,300 at 6.65%$1,016.23
158,300 at 6.66%$1,017.28
158,300 at 6.67%$1,018.33
158,300 at 6.68%$1,019.38
158,300 at 6.69%$1,020.43
158,300 at 6.7%$1,021.48
158,300 at 6.71%$1,022.53
158,300 at 6.72%$1,023.58
158,300 at 6.73%$1,024.63
158,300 at 6.74%$1,025.68
158,300 at 6.75%$1,026.73
158,300 at 6.76%$1,027.78
158,300 at 6.77%$1,028.84
158,300 at 6.78%$1,029.89
158,300 at 6.79%$1,030.94
158,300 at 6.8%$1,032.00
158,300 at 6.81%$1,033.05
158,300 at 6.82%$1,034.11
158,300 at 6.83%$1,035.16
158,300 at 6.84%$1,036.22
158,300 at 6.85%$1,037.28
158,300 at 6.86%$1,038.33
158,300 at 6.87%$1,039.39
158,300 at 6.88%$1,040.45
158,300 at 6.89%$1,041.51
158,300 at 6.9%$1,042.56
158,300 at 6.91%$1,043.62
158,300 at 6.92%$1,044.68
158,300 at 6.93%$1,045.74
158,300 at 6.94%$1,046.80
158,300 at 6.95%$1,047.86
158,300 at 6.96%$1,048.92
158,300 at 6.97%$1,049.99
158,300 at 6.98%$1,051.05
158,300 at 6.99%$1,052.11
158,300 at 7%$1,053.17
158,300 at 7.01%$1,054.24
158,300 at 7.02%$1,055.30
158,300 at 7.03%$1,056.37
158,300 at 7.04%$1,057.43
158,300 at 7.05%$1,058.49
158,300 at 7.06%$1,059.56
158,300 at 7.07%$1,060.63
158,300 at 7.08%$1,061.69
158,300 at 7.09%$1,062.76
158,300 at 7.1%$1,063.83
158,300 at 7.11%$1,064.89
158,300 at 7.12%$1,065.96
158,300 at 7.13%$1,067.03
158,300 at 7.14%$1,068.10
158,300 at 7.15%$1,069.17
158,300 at 7.16%$1,070.24
158,300 at 7.17%$1,071.31
158,300 at 7.18%$1,072.38
158,300 at 7.19%$1,073.45
158,300 at 7.2%$1,074.52
158,300 at 7.21%$1,075.59
158,300 at 7.22%$1,076.67
158,300 at 7.23%$1,077.74
158,300 at 7.24%$1,078.81
158,300 at 7.25%$1,079.89
158,300 at 7.26%$1,080.96
158,300 at 7.27%$1,082.03
158,300 at 7.28%$1,083.11
158,300 at 7.29%$1,084.18
158,300 at 7.3%$1,085.26
158,300 at 7.31%$1,086.33
158,300 at 7.32%$1,087.41
158,300 at 7.33%$1,088.49
158,300 at 7.34%$1,089.57
158,300 at 7.35%$1,090.64
158,300 at 7.36%$1,091.72
158,300 at 7.37%$1,092.80
158,300 at 7.38%$1,093.88
158,300 at 7.39%$1,094.96
158,300 at 7.4%$1,096.04
158,300 at 7.41%$1,097.12
158,300 at 7.42%$1,098.20
158,300 at 7.43%$1,099.28
158,300 at 7.44%$1,100.36
158,300 at 7.45%$1,101.44
158,300 at 7.46%$1,102.52
158,300 at 7.47%$1,103.61
158,300 at 7.48%$1,104.69
158,300 at 7.49%$1,105.77
158,300 at 7.5%$1,106.86
158,300 at 7.51%$1,107.94
158,300 at 7.52%$1,109.03
158,300 at 7.53%$1,110.11
158,300 at 7.54%$1,111.20
158,300 at 7.55%$1,112.28
158,300 at 7.56%$1,113.37
158,300 at 7.57%$1,114.45
158,300 at 7.58%$1,115.54
158,300 at 7.59%$1,116.63
158,300 at 7.6%$1,117.72
158,300 at 7.61%$1,118.80
158,300 at 7.62%$1,119.89
158,300 at 7.63%$1,120.98
158,300 at 7.64%$1,122.07
158,300 at 7.65%$1,123.16
158,300 at 7.66%$1,124.25
158,300 at 7.67%$1,125.34
158,300 at 7.68%$1,126.43
158,300 at 7.69%$1,127.52
158,300 at 7.7%$1,128.62
158,300 at 7.71%$1,129.71
158,300 at 7.72%$1,130.80
158,300 at 7.73%$1,131.89
158,300 at 7.74%$1,132.99
158,300 at 7.75%$1,134.08
158,300 at 7.76%$1,135.17
158,300 at 7.77%$1,136.27
158,300 at 7.78%$1,137.36
158,300 at 7.79%$1,138.46
158,300 at 7.8%$1,139.56
158,300 at 7.81%$1,140.65
158,300 at 7.82%$1,141.75
158,300 at 7.83%$1,142.84
158,300 at 7.84%$1,143.94
158,300 at 7.85%$1,145.04
158,300 at 7.86%$1,146.14
158,300 at 7.87%$1,147.24
158,300 at 7.88%$1,148.33
158,300 at 7.89%$1,149.43
158,300 at 7.9%$1,150.53
158,300 at 7.91%$1,151.63
158,300 at 7.92%$1,152.73
158,300 at 7.93%$1,153.83
158,300 at 7.94%$1,154.93
158,300 at 7.95%$1,156.04
158,300 at 7.96%$1,157.14
158,300 at 7.97%$1,158.24
158,300 at 7.98%$1,159.34
158,300 at 7.99%$1,160.45
158,300 at 8%$1,161.55
More Amounts
What is the down payment for a $158,300 house? How much do you need to put down?
Percent Down Down Payment
1%1,583
2%3,166
3%4,749
4%6,332
5%7,915
6%9,498
7%11,081
8%12,664
9%14,247
10%15,830
11%17,413
12%18,996
13%20,579
14%22,162
15%23,745
16%25,328
17%26,911
18%28,494
19%30,077
20%31,660
Percent Down Down Payment
21%33,243
22%34,826
23%36,409
24%37,992
25%39,575
26%41,158
27%42,741
28%44,324
29%45,907
30%47,490
31%49,073
32%50,656
33%52,239
34%53,822
35%55,405
36%56,988
37%58,571
38%60,154
39%61,737
40%63,320
Percent Down Down Payment
41%64,903
42%66,486
43%68,069
44%69,652
45%71,235
46%72,818
47%74,401
48%75,984
49%77,567
50%79,150
51%80,733
52%82,316
53%83,899
54%85,482
55%87,065
56%88,648
57%90,231
58%91,814
59%93,397
60%94,980
Percent Down Down Payment
61%96,563
62%98,146
63%99,729
64%101,312
65%102,895
66%104,478
67%106,061
68%107,644
69%109,227
70%110,810
71%112,393
72%113,976
73%115,559
74%117,142
75%118,725
76%120,308
77%121,891
78%123,474
79%125,057
80%126,640
Percent Down Down Payment
81%128,223
82%129,806
83%131,389
84%132,972
85%134,555
86%136,138
87%137,721
88%139,304
89%140,887
90%142,470
91%144,053
92%145,636
93%147,219
94%148,802
95%150,385
96%151,968
97%153,551
98%155,134
99%156,717
100%158,300
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.