$158,450 Mortgage for 30 Years

What is the monthly payment of a 158,450 dollar loan?
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Loan Tables for a $158,450 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 $158,450 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
158,450 at 2.01%$586.45
158,450 at 2.02%$587.25
158,450 at 2.03%$588.04
158,450 at 2.04%$588.84
158,450 at 2.05%$589.63
158,450 at 2.06%$590.43
158,450 at 2.07%$591.22
158,450 at 2.08%$592.02
158,450 at 2.09%$592.82
158,450 at 2.1%$593.62
158,450 at 2.11%$594.42
158,450 at 2.12%$595.22
158,450 at 2.13%$596.02
158,450 at 2.14%$596.82
158,450 at 2.15%$597.62
158,450 at 2.16%$598.42
158,450 at 2.17%$599.22
158,450 at 2.18%$600.03
158,450 at 2.19%$600.83
158,450 at 2.2%$601.64
158,450 at 2.21%$602.44
158,450 at 2.22%$603.25
158,450 at 2.23%$604.05
158,450 at 2.24%$604.86
158,450 at 2.25%$605.67
158,450 at 2.26%$606.48
158,450 at 2.27%$607.29
158,450 at 2.28%$608.10
158,450 at 2.29%$608.91
158,450 at 2.3%$609.72
158,450 at 2.31%$610.53
158,450 at 2.32%$611.34
158,450 at 2.33%$612.15
158,450 at 2.34%$612.97
158,450 at 2.35%$613.78
158,450 at 2.36%$614.60
158,450 at 2.37%$615.41
158,450 at 2.38%$616.23
158,450 at 2.39%$617.04
158,450 at 2.4%$617.86
158,450 at 2.41%$618.68
158,450 at 2.42%$619.50
158,450 at 2.43%$620.32
158,450 at 2.44%$621.14
158,450 at 2.45%$621.96
158,450 at 2.46%$622.78
158,450 at 2.47%$623.60
158,450 at 2.48%$624.42
158,450 at 2.49%$625.25
158,450 at 2.5%$626.07
158,450 at 2.51%$626.89
158,450 at 2.52%$627.72
158,450 at 2.53%$628.54
158,450 at 2.54%$629.37
158,450 at 2.55%$630.20
158,450 at 2.56%$631.02
158,450 at 2.57%$631.85
158,450 at 2.58%$632.68
158,450 at 2.59%$633.51
158,450 at 2.6%$634.34
158,450 at 2.61%$635.17
158,450 at 2.62%$636.00
158,450 at 2.63%$636.83
158,450 at 2.64%$637.66
158,450 at 2.65%$638.50
158,450 at 2.66%$639.33
158,450 at 2.67%$640.16
158,450 at 2.68%$641.00
158,450 at 2.69%$641.83
158,450 at 2.7%$642.67
158,450 at 2.71%$643.51
158,450 at 2.72%$644.34
158,450 at 2.73%$645.18
158,450 at 2.74%$646.02
158,450 at 2.75%$646.86
158,450 at 2.76%$647.70
158,450 at 2.77%$648.54
158,450 at 2.78%$649.38
158,450 at 2.79%$650.22
158,450 at 2.8%$651.06
158,450 at 2.81%$651.90
158,450 at 2.82%$652.75
158,450 at 2.83%$653.59
158,450 at 2.84%$654.44
158,450 at 2.85%$655.28
158,450 at 2.86%$656.13
158,450 at 2.87%$656.97
158,450 at 2.88%$657.82
158,450 at 2.89%$658.67
158,450 at 2.9%$659.52
158,450 at 2.91%$660.37
158,450 at 2.92%$661.21
158,450 at 2.93%$662.06
158,450 at 2.94%$662.92
158,450 at 2.95%$663.77
158,450 at 2.96%$664.62
158,450 at 2.97%$665.47
158,450 at 2.98%$666.32
158,450 at 2.99%$667.18
158,450 at 3%$668.03
158,450 at 3.01%$668.89
158,450 at 3.02%$669.74
158,450 at 3.03%$670.60
158,450 at 3.04%$671.45
158,450 at 3.05%$672.31
158,450 at 3.06%$673.17
158,450 at 3.07%$674.03
158,450 at 3.08%$674.89
158,450 at 3.09%$675.75
158,450 at 3.1%$676.61
158,450 at 3.11%$677.47
158,450 at 3.12%$678.33
158,450 at 3.13%$679.19
158,450 at 3.14%$680.05
158,450 at 3.15%$680.92
158,450 at 3.16%$681.78
158,450 at 3.17%$682.65
158,450 at 3.18%$683.51
158,450 at 3.19%$684.38
158,450 at 3.2%$685.24
158,450 at 3.21%$686.11
158,450 at 3.22%$686.98
158,450 at 3.23%$687.85
158,450 at 3.24%$688.72
158,450 at 3.25%$689.58
158,450 at 3.26%$690.45
158,450 at 3.27%$691.32
158,450 at 3.28%$692.20
158,450 at 3.29%$693.07
158,450 at 3.3%$693.94
158,450 at 3.31%$694.81
158,450 at 3.32%$695.69
158,450 at 3.33%$696.56
158,450 at 3.34%$697.44
158,450 at 3.35%$698.31
158,450 at 3.36%$699.19
158,450 at 3.37%$700.06
158,450 at 3.38%$700.94
158,450 at 3.39%$701.82
158,450 at 3.4%$702.70
158,450 at 3.41%$703.57
158,450 at 3.42%$704.45
158,450 at 3.43%$705.33
158,450 at 3.44%$706.22
158,450 at 3.45%$707.10
158,450 at 3.46%$707.98
158,450 at 3.47%$708.86
158,450 at 3.48%$709.74
158,450 at 3.49%$710.63
158,450 at 3.5%$711.51
Interest Rate 30 Year
158,450 at 3.51%$712.40
158,450 at 3.52%$713.28
158,450 at 3.53%$714.17
158,450 at 3.54%$715.05
158,450 at 3.55%$715.94
158,450 at 3.56%$716.83
158,450 at 3.57%$717.72
158,450 at 3.58%$718.61
158,450 at 3.59%$719.50
158,450 at 3.6%$720.39
158,450 at 3.61%$721.28
158,450 at 3.62%$722.17
158,450 at 3.63%$723.06
158,450 at 3.64%$723.95
158,450 at 3.65%$724.84
158,450 at 3.66%$725.74
158,450 at 3.67%$726.63
158,450 at 3.68%$727.53
158,450 at 3.69%$728.42
158,450 at 3.7%$729.32
158,450 at 3.71%$730.21
158,450 at 3.72%$731.11
158,450 at 3.73%$732.01
158,450 at 3.74%$732.91
158,450 at 3.75%$733.81
158,450 at 3.76%$734.71
158,450 at 3.77%$735.61
158,450 at 3.78%$736.51
158,450 at 3.79%$737.41
158,450 at 3.8%$738.31
158,450 at 3.81%$739.21
158,450 at 3.82%$740.11
158,450 at 3.83%$741.02
158,450 at 3.84%$741.92
158,450 at 3.85%$742.83
158,450 at 3.86%$743.73
158,450 at 3.87%$744.64
158,450 at 3.88%$745.54
158,450 at 3.89%$746.45
158,450 at 3.9%$747.36
158,450 at 3.91%$748.27
158,450 at 3.92%$749.17
158,450 at 3.93%$750.08
158,450 at 3.94%$750.99
158,450 at 3.95%$751.90
158,450 at 3.96%$752.82
158,450 at 3.97%$753.73
158,450 at 3.98%$754.64
158,450 at 3.99%$755.55
158,450 at 4%$756.46
158,450 at 4.01%$757.38
158,450 at 4.02%$758.29
158,450 at 4.03%$759.21
158,450 at 4.04%$760.12
158,450 at 4.05%$761.04
158,450 at 4.06%$761.96
158,450 at 4.07%$762.87
158,450 at 4.08%$763.79
158,450 at 4.09%$764.71
158,450 at 4.1%$765.63
158,450 at 4.11%$766.55
158,450 at 4.12%$767.47
158,450 at 4.13%$768.39
158,450 at 4.14%$769.31
158,450 at 4.15%$770.23
158,450 at 4.16%$771.15
158,450 at 4.17%$772.08
158,450 at 4.18%$773.00
158,450 at 4.19%$773.92
158,450 at 4.2%$774.85
158,450 at 4.21%$775.77
158,450 at 4.22%$776.70
158,450 at 4.23%$777.62
158,450 at 4.24%$778.55
158,450 at 4.25%$779.48
158,450 at 4.26%$780.41
158,450 at 4.27%$781.34
158,450 at 4.28%$782.26
158,450 at 4.29%$783.19
158,450 at 4.3%$784.12
158,450 at 4.31%$785.05
158,450 at 4.32%$785.99
158,450 at 4.33%$786.92
158,450 at 4.34%$787.85
158,450 at 4.35%$788.78
158,450 at 4.36%$789.72
158,450 at 4.37%$790.65
158,450 at 4.38%$791.58
158,450 at 4.39%$792.52
158,450 at 4.4%$793.46
158,450 at 4.41%$794.39
158,450 at 4.42%$795.33
158,450 at 4.43%$796.27
158,450 at 4.44%$797.20
158,450 at 4.45%$798.14
158,450 at 4.46%$799.08
158,450 at 4.47%$800.02
158,450 at 4.48%$800.96
158,450 at 4.49%$801.90
158,450 at 4.5%$802.84
158,450 at 4.51%$803.78
158,450 at 4.52%$804.73
158,450 at 4.53%$805.67
158,450 at 4.54%$806.61
158,450 at 4.55%$807.56
158,450 at 4.56%$808.50
158,450 at 4.57%$809.45
158,450 at 4.58%$810.39
158,450 at 4.59%$811.34
158,450 at 4.6%$812.29
158,450 at 4.61%$813.23
158,450 at 4.62%$814.18
158,450 at 4.63%$815.13
158,450 at 4.64%$816.08
158,450 at 4.65%$817.03
158,450 at 4.66%$817.98
158,450 at 4.67%$818.93
158,450 at 4.68%$819.88
158,450 at 4.69%$820.83
158,450 at 4.7%$821.78
158,450 at 4.71%$822.73
158,450 at 4.72%$823.69
158,450 at 4.73%$824.64
158,450 at 4.74%$825.60
158,450 at 4.75%$826.55
158,450 at 4.76%$827.51
158,450 at 4.77%$828.46
158,450 at 4.78%$829.42
158,450 at 4.79%$830.37
158,450 at 4.8%$831.33
158,450 at 4.81%$832.29
158,450 at 4.82%$833.25
158,450 at 4.83%$834.21
158,450 at 4.84%$835.17
158,450 at 4.85%$836.13
158,450 at 4.86%$837.09
158,450 at 4.87%$838.05
158,450 at 4.88%$839.01
158,450 at 4.89%$839.97
158,450 at 4.9%$840.94
158,450 at 4.91%$841.90
158,450 at 4.92%$842.86
158,450 at 4.93%$843.83
158,450 at 4.94%$844.79
158,450 at 4.95%$845.76
158,450 at 4.96%$846.72
158,450 at 4.97%$847.69
158,450 at 4.98%$848.66
158,450 at 4.99%$849.63
158,450 at 5%$850.59
Interest Rate 30 Year
158,450 at 5.01%$851.56
158,450 at 5.02%$852.53
158,450 at 5.03%$853.50
158,450 at 5.04%$854.47
158,450 at 5.05%$855.44
158,450 at 5.06%$856.41
158,450 at 5.07%$857.39
158,450 at 5.08%$858.36
158,450 at 5.09%$859.33
158,450 at 5.1%$860.30
158,450 at 5.11%$861.28
158,450 at 5.12%$862.25
158,450 at 5.13%$863.23
158,450 at 5.14%$864.20
158,450 at 5.15%$865.18
158,450 at 5.16%$866.16
158,450 at 5.17%$867.13
158,450 at 5.18%$868.11
158,450 at 5.19%$869.09
158,450 at 5.2%$870.07
158,450 at 5.21%$871.05
158,450 at 5.22%$872.02
158,450 at 5.23%$873.00
158,450 at 5.24%$873.99
158,450 at 5.25%$874.97
158,450 at 5.26%$875.95
158,450 at 5.27%$876.93
158,450 at 5.28%$877.91
158,450 at 5.29%$878.90
158,450 at 5.3%$879.88
158,450 at 5.31%$880.86
158,450 at 5.32%$881.85
158,450 at 5.33%$882.83
158,450 at 5.34%$883.82
158,450 at 5.35%$884.81
158,450 at 5.36%$885.79
158,450 at 5.37%$886.78
158,450 at 5.38%$887.77
158,450 at 5.39%$888.76
158,450 at 5.4%$889.75
158,450 at 5.41%$890.73
158,450 at 5.42%$891.72
158,450 at 5.43%$892.72
158,450 at 5.44%$893.71
158,450 at 5.45%$894.70
158,450 at 5.46%$895.69
158,450 at 5.47%$896.68
158,450 at 5.48%$897.67
158,450 at 5.49%$898.67
158,450 at 5.5%$899.66
158,450 at 5.51%$900.66
158,450 at 5.52%$901.65
158,450 at 5.53%$902.65
158,450 at 5.54%$903.64
158,450 at 5.55%$904.64
158,450 at 5.56%$905.64
158,450 at 5.57%$906.63
158,450 at 5.58%$907.63
158,450 at 5.59%$908.63
158,450 at 5.6%$909.63
158,450 at 5.61%$910.63
158,450 at 5.62%$911.63
158,450 at 5.63%$912.63
158,450 at 5.64%$913.63
158,450 at 5.65%$914.63
158,450 at 5.66%$915.63
158,450 at 5.67%$916.63
158,450 at 5.68%$917.64
158,450 at 5.69%$918.64
158,450 at 5.7%$919.64
158,450 at 5.71%$920.65
158,450 at 5.72%$921.65
158,450 at 5.73%$922.66
158,450 at 5.74%$923.66
158,450 at 5.75%$924.67
158,450 at 5.76%$925.68
158,450 at 5.77%$926.69
158,450 at 5.78%$927.69
158,450 at 5.79%$928.70
158,450 at 5.8%$929.71
158,450 at 5.81%$930.72
158,450 at 5.82%$931.73
158,450 at 5.83%$932.74
158,450 at 5.84%$933.75
158,450 at 5.85%$934.76
158,450 at 5.86%$935.77
158,450 at 5.87%$936.79
158,450 at 5.88%$937.80
158,450 at 5.89%$938.81
158,450 at 5.9%$939.82
158,450 at 5.91%$940.84
158,450 at 5.92%$941.85
158,450 at 5.93%$942.87
158,450 at 5.94%$943.88
158,450 at 5.95%$944.90
158,450 at 5.96%$945.92
158,450 at 5.97%$946.93
158,450 at 5.98%$947.95
158,450 at 5.99%$948.97
158,450 at 6%$949.99
158,450 at 6.01%$951.01
158,450 at 6.02%$952.03
158,450 at 6.03%$953.05
158,450 at 6.04%$954.07
158,450 at 6.05%$955.09
158,450 at 6.06%$956.11
158,450 at 6.07%$957.13
158,450 at 6.08%$958.15
158,450 at 6.09%$959.18
158,450 at 6.1%$960.20
158,450 at 6.11%$961.22
158,450 at 6.12%$962.25
158,450 at 6.13%$963.27
158,450 at 6.14%$964.30
158,450 at 6.15%$965.32
158,450 at 6.16%$966.35
158,450 at 6.17%$967.37
158,450 at 6.18%$968.40
158,450 at 6.19%$969.43
158,450 at 6.2%$970.46
158,450 at 6.21%$971.49
158,450 at 6.22%$972.51
158,450 at 6.23%$973.54
158,450 at 6.24%$974.57
158,450 at 6.25%$975.60
158,450 at 6.26%$976.63
158,450 at 6.27%$977.67
158,450 at 6.28%$978.70
158,450 at 6.29%$979.73
158,450 at 6.3%$980.76
158,450 at 6.31%$981.80
158,450 at 6.32%$982.83
158,450 at 6.33%$983.86
158,450 at 6.34%$984.90
158,450 at 6.35%$985.93
158,450 at 6.36%$986.97
158,450 at 6.37%$988.00
158,450 at 6.38%$989.04
158,450 at 6.39%$990.08
158,450 at 6.4%$991.11
158,450 at 6.41%$992.15
158,450 at 6.42%$993.19
158,450 at 6.43%$994.23
158,450 at 6.44%$995.27
158,450 at 6.45%$996.31
158,450 at 6.46%$997.35
158,450 at 6.47%$998.39
158,450 at 6.48%$999.43
158,450 at 6.49%$1,000.47
158,450 at 6.5%$1,001.51
Interest Rate 30 Year
158,450 at 6.51%$1,002.55
158,450 at 6.52%$1,003.60
158,450 at 6.53%$1,004.64
158,450 at 6.54%$1,005.68
158,450 at 6.55%$1,006.73
158,450 at 6.56%$1,007.77
158,450 at 6.57%$1,008.82
158,450 at 6.58%$1,009.86
158,450 at 6.59%$1,010.91
158,450 at 6.6%$1,011.95
158,450 at 6.61%$1,013.00
158,450 at 6.62%$1,014.05
158,450 at 6.63%$1,015.10
158,450 at 6.64%$1,016.14
158,450 at 6.65%$1,017.19
158,450 at 6.66%$1,018.24
158,450 at 6.67%$1,019.29
158,450 at 6.68%$1,020.34
158,450 at 6.69%$1,021.39
158,450 at 6.7%$1,022.44
158,450 at 6.71%$1,023.49
158,450 at 6.72%$1,024.55
158,450 at 6.73%$1,025.60
158,450 at 6.74%$1,026.65
158,450 at 6.75%$1,027.70
158,450 at 6.76%$1,028.76
158,450 at 6.77%$1,029.81
158,450 at 6.78%$1,030.87
158,450 at 6.79%$1,031.92
158,450 at 6.8%$1,032.98
158,450 at 6.81%$1,034.03
158,450 at 6.82%$1,035.09
158,450 at 6.83%$1,036.14
158,450 at 6.84%$1,037.20
158,450 at 6.85%$1,038.26
158,450 at 6.86%$1,039.32
158,450 at 6.87%$1,040.37
158,450 at 6.88%$1,041.43
158,450 at 6.89%$1,042.49
158,450 at 6.9%$1,043.55
158,450 at 6.91%$1,044.61
158,450 at 6.92%$1,045.67
158,450 at 6.93%$1,046.73
158,450 at 6.94%$1,047.79
158,450 at 6.95%$1,048.86
158,450 at 6.96%$1,049.92
158,450 at 6.97%$1,050.98
158,450 at 6.98%$1,052.04
158,450 at 6.99%$1,053.11
158,450 at 7%$1,054.17
158,450 at 7.01%$1,055.24
158,450 at 7.02%$1,056.30
158,450 at 7.03%$1,057.37
158,450 at 7.04%$1,058.43
158,450 at 7.05%$1,059.50
158,450 at 7.06%$1,060.56
158,450 at 7.07%$1,061.63
158,450 at 7.08%$1,062.70
158,450 at 7.09%$1,063.77
158,450 at 7.1%$1,064.83
158,450 at 7.11%$1,065.90
158,450 at 7.12%$1,066.97
158,450 at 7.13%$1,068.04
158,450 at 7.14%$1,069.11
158,450 at 7.15%$1,070.18
158,450 at 7.16%$1,071.25
158,450 at 7.17%$1,072.32
158,450 at 7.18%$1,073.40
158,450 at 7.19%$1,074.47
158,450 at 7.2%$1,075.54
158,450 at 7.21%$1,076.61
158,450 at 7.22%$1,077.69
158,450 at 7.23%$1,078.76
158,450 at 7.24%$1,079.83
158,450 at 7.25%$1,080.91
158,450 at 7.26%$1,081.98
158,450 at 7.27%$1,083.06
158,450 at 7.28%$1,084.13
158,450 at 7.29%$1,085.21
158,450 at 7.3%$1,086.29
158,450 at 7.31%$1,087.36
158,450 at 7.32%$1,088.44
158,450 at 7.33%$1,089.52
158,450 at 7.34%$1,090.60
158,450 at 7.35%$1,091.68
158,450 at 7.36%$1,092.76
158,450 at 7.37%$1,093.83
158,450 at 7.38%$1,094.91
158,450 at 7.39%$1,096.00
158,450 at 7.4%$1,097.08
158,450 at 7.41%$1,098.16
158,450 at 7.42%$1,099.24
158,450 at 7.43%$1,100.32
158,450 at 7.44%$1,101.40
158,450 at 7.45%$1,102.49
158,450 at 7.46%$1,103.57
158,450 at 7.47%$1,104.65
158,450 at 7.48%$1,105.74
158,450 at 7.49%$1,106.82
158,450 at 7.5%$1,107.91
158,450 at 7.51%$1,108.99
158,450 at 7.52%$1,110.08
158,450 at 7.53%$1,111.16
158,450 at 7.54%$1,112.25
158,450 at 7.55%$1,113.34
158,450 at 7.56%$1,114.42
158,450 at 7.57%$1,115.51
158,450 at 7.58%$1,116.60
158,450 at 7.59%$1,117.69
158,450 at 7.6%$1,118.78
158,450 at 7.61%$1,119.86
158,450 at 7.62%$1,120.95
158,450 at 7.63%$1,122.04
158,450 at 7.64%$1,123.13
158,450 at 7.65%$1,124.23
158,450 at 7.66%$1,125.32
158,450 at 7.67%$1,126.41
158,450 at 7.68%$1,127.50
158,450 at 7.69%$1,128.59
158,450 at 7.7%$1,129.69
158,450 at 7.71%$1,130.78
158,450 at 7.72%$1,131.87
158,450 at 7.73%$1,132.97
158,450 at 7.74%$1,134.06
158,450 at 7.75%$1,135.16
158,450 at 7.76%$1,136.25
158,450 at 7.77%$1,137.35
158,450 at 7.78%$1,138.44
158,450 at 7.79%$1,139.54
158,450 at 7.8%$1,140.63
158,450 at 7.81%$1,141.73
158,450 at 7.82%$1,142.83
158,450 at 7.83%$1,143.93
158,450 at 7.84%$1,145.03
158,450 at 7.85%$1,146.12
158,450 at 7.86%$1,147.22
158,450 at 7.87%$1,148.32
158,450 at 7.88%$1,149.42
158,450 at 7.89%$1,150.52
158,450 at 7.9%$1,151.62
158,450 at 7.91%$1,152.72
158,450 at 7.92%$1,153.83
158,450 at 7.93%$1,154.93
158,450 at 7.94%$1,156.03
158,450 at 7.95%$1,157.13
158,450 at 7.96%$1,158.23
158,450 at 7.97%$1,159.34
158,450 at 7.98%$1,160.44
158,450 at 7.99%$1,161.55
158,450 at 8%$1,162.65
More Amounts
What is the down payment for a $158,450 house? How much do you need to put down?
Percent Down Down Payment
1%1,585
2%3,169
3%4,754
4%6,338
5%7,923
6%9,507
7%11,092
8%12,676
9%14,261
10%15,845
11%17,430
12%19,014
13%20,599
14%22,183
15%23,768
16%25,352
17%26,937
18%28,521
19%30,106
20%31,690
Percent Down Down Payment
21%33,275
22%34,859
23%36,444
24%38,028
25%39,613
26%41,197
27%42,782
28%44,366
29%45,951
30%47,535
31%49,120
32%50,704
33%52,289
34%53,873
35%55,458
36%57,042
37%58,627
38%60,211
39%61,796
40%63,380
Percent Down Down Payment
41%64,965
42%66,549
43%68,134
44%69,718
45%71,303
46%72,887
47%74,472
48%76,056
49%77,641
50%79,225
51%80,810
52%82,394
53%83,979
54%85,563
55%87,148
56%88,732
57%90,317
58%91,901
59%93,486
60%95,070
Percent Down Down Payment
61%96,655
62%98,239
63%99,824
64%101,408
65%102,993
66%104,577
67%106,162
68%107,746
69%109,331
70%110,915
71%112,500
72%114,084
73%115,669
74%117,253
75%118,838
76%120,422
77%122,007
78%123,591
79%125,176
80%126,760
Percent Down Down Payment
81%128,345
82%129,929
83%131,514
84%133,098
85%134,683
86%136,267
87%137,852
88%139,436
89%141,021
90%142,605
91%144,190
92%145,774
93%147,359
94%148,943
95%150,528
96%152,112
97%153,697
98%155,281
99%156,866
100%158,450
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.