$158,550 Mortgage for 30 Years

What is the monthly payment of a 158,550 dollar loan?
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Loan Tables for a $158,550 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 159k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $158,550 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
158,550 at 2.01%$586.82
158,550 at 2.02%$587.62
158,550 at 2.03%$588.41
158,550 at 2.04%$589.21
158,550 at 2.05%$590.00
158,550 at 2.06%$590.80
158,550 at 2.07%$591.60
158,550 at 2.08%$592.39
158,550 at 2.09%$593.19
158,550 at 2.1%$593.99
158,550 at 2.11%$594.79
158,550 at 2.12%$595.59
158,550 at 2.13%$596.39
158,550 at 2.14%$597.19
158,550 at 2.15%$598.00
158,550 at 2.16%$598.80
158,550 at 2.17%$599.60
158,550 at 2.18%$600.41
158,550 at 2.19%$601.21
158,550 at 2.2%$602.02
158,550 at 2.21%$602.82
158,550 at 2.22%$603.63
158,550 at 2.23%$604.44
158,550 at 2.24%$605.24
158,550 at 2.25%$606.05
158,550 at 2.26%$606.86
158,550 at 2.27%$607.67
158,550 at 2.28%$608.48
158,550 at 2.29%$609.29
158,550 at 2.3%$610.10
158,550 at 2.31%$610.91
158,550 at 2.32%$611.73
158,550 at 2.33%$612.54
158,550 at 2.34%$613.35
158,550 at 2.35%$614.17
158,550 at 2.36%$614.98
158,550 at 2.37%$615.80
158,550 at 2.38%$616.62
158,550 at 2.39%$617.43
158,550 at 2.4%$618.25
158,550 at 2.41%$619.07
158,550 at 2.42%$619.89
158,550 at 2.43%$620.71
158,550 at 2.44%$621.53
158,550 at 2.45%$622.35
158,550 at 2.46%$623.17
158,550 at 2.47%$623.99
158,550 at 2.48%$624.82
158,550 at 2.49%$625.64
158,550 at 2.5%$626.46
158,550 at 2.51%$627.29
158,550 at 2.52%$628.11
158,550 at 2.53%$628.94
158,550 at 2.54%$629.77
158,550 at 2.55%$630.59
158,550 at 2.56%$631.42
158,550 at 2.57%$632.25
158,550 at 2.58%$633.08
158,550 at 2.59%$633.91
158,550 at 2.6%$634.74
158,550 at 2.61%$635.57
158,550 at 2.62%$636.40
158,550 at 2.63%$637.23
158,550 at 2.64%$638.07
158,550 at 2.65%$638.90
158,550 at 2.66%$639.73
158,550 at 2.67%$640.57
158,550 at 2.68%$641.40
158,550 at 2.69%$642.24
158,550 at 2.7%$643.08
158,550 at 2.71%$643.91
158,550 at 2.72%$644.75
158,550 at 2.73%$645.59
158,550 at 2.74%$646.43
158,550 at 2.75%$647.27
158,550 at 2.76%$648.11
158,550 at 2.77%$648.95
158,550 at 2.78%$649.79
158,550 at 2.79%$650.63
158,550 at 2.8%$651.47
158,550 at 2.81%$652.32
158,550 at 2.82%$653.16
158,550 at 2.83%$654.00
158,550 at 2.84%$654.85
158,550 at 2.85%$655.70
158,550 at 2.86%$656.54
158,550 at 2.87%$657.39
158,550 at 2.88%$658.24
158,550 at 2.89%$659.08
158,550 at 2.9%$659.93
158,550 at 2.91%$660.78
158,550 at 2.92%$661.63
158,550 at 2.93%$662.48
158,550 at 2.94%$663.33
158,550 at 2.95%$664.19
158,550 at 2.96%$665.04
158,550 at 2.97%$665.89
158,550 at 2.98%$666.74
158,550 at 2.99%$667.60
158,550 at 3%$668.45
158,550 at 3.01%$669.31
158,550 at 3.02%$670.16
158,550 at 3.03%$671.02
158,550 at 3.04%$671.88
158,550 at 3.05%$672.74
158,550 at 3.06%$673.59
158,550 at 3.07%$674.45
158,550 at 3.08%$675.31
158,550 at 3.09%$676.17
158,550 at 3.1%$677.03
158,550 at 3.11%$677.90
158,550 at 3.12%$678.76
158,550 at 3.13%$679.62
158,550 at 3.14%$680.48
158,550 at 3.15%$681.35
158,550 at 3.16%$682.21
158,550 at 3.17%$683.08
158,550 at 3.18%$683.94
158,550 at 3.19%$684.81
158,550 at 3.2%$685.68
158,550 at 3.21%$686.54
158,550 at 3.22%$687.41
158,550 at 3.23%$688.28
158,550 at 3.24%$689.15
158,550 at 3.25%$690.02
158,550 at 3.26%$690.89
158,550 at 3.27%$691.76
158,550 at 3.28%$692.63
158,550 at 3.29%$693.51
158,550 at 3.3%$694.38
158,550 at 3.31%$695.25
158,550 at 3.32%$696.13
158,550 at 3.33%$697.00
158,550 at 3.34%$697.88
158,550 at 3.35%$698.75
158,550 at 3.36%$699.63
158,550 at 3.37%$700.50
158,550 at 3.38%$701.38
158,550 at 3.39%$702.26
158,550 at 3.4%$703.14
158,550 at 3.41%$704.02
158,550 at 3.42%$704.90
158,550 at 3.43%$705.78
158,550 at 3.44%$706.66
158,550 at 3.45%$707.54
158,550 at 3.46%$708.42
158,550 at 3.47%$709.31
158,550 at 3.48%$710.19
158,550 at 3.49%$711.08
158,550 at 3.5%$711.96
Interest Rate 30 Year
158,550 at 3.51%$712.85
158,550 at 3.52%$713.73
158,550 at 3.53%$714.62
158,550 at 3.54%$715.51
158,550 at 3.55%$716.39
158,550 at 3.56%$717.28
158,550 at 3.57%$718.17
158,550 at 3.58%$719.06
158,550 at 3.59%$719.95
158,550 at 3.6%$720.84
158,550 at 3.61%$721.73
158,550 at 3.62%$722.62
158,550 at 3.63%$723.52
158,550 at 3.64%$724.41
158,550 at 3.65%$725.30
158,550 at 3.66%$726.20
158,550 at 3.67%$727.09
158,550 at 3.68%$727.99
158,550 at 3.69%$728.88
158,550 at 3.7%$729.78
158,550 at 3.71%$730.68
158,550 at 3.72%$731.57
158,550 at 3.73%$732.47
158,550 at 3.74%$733.37
158,550 at 3.75%$734.27
158,550 at 3.76%$735.17
158,550 at 3.77%$736.07
158,550 at 3.78%$736.97
158,550 at 3.79%$737.87
158,550 at 3.8%$738.78
158,550 at 3.81%$739.68
158,550 at 3.82%$740.58
158,550 at 3.83%$741.49
158,550 at 3.84%$742.39
158,550 at 3.85%$743.30
158,550 at 3.86%$744.20
158,550 at 3.87%$745.11
158,550 at 3.88%$746.01
158,550 at 3.89%$746.92
158,550 at 3.9%$747.83
158,550 at 3.91%$748.74
158,550 at 3.92%$749.65
158,550 at 3.93%$750.56
158,550 at 3.94%$751.47
158,550 at 3.95%$752.38
158,550 at 3.96%$753.29
158,550 at 3.97%$754.20
158,550 at 3.98%$755.11
158,550 at 3.99%$756.03
158,550 at 4%$756.94
158,550 at 4.01%$757.86
158,550 at 4.02%$758.77
158,550 at 4.03%$759.69
158,550 at 4.04%$760.60
158,550 at 4.05%$761.52
158,550 at 4.06%$762.44
158,550 at 4.07%$763.35
158,550 at 4.08%$764.27
158,550 at 4.09%$765.19
158,550 at 4.1%$766.11
158,550 at 4.11%$767.03
158,550 at 4.12%$767.95
158,550 at 4.13%$768.87
158,550 at 4.14%$769.79
158,550 at 4.15%$770.72
158,550 at 4.16%$771.64
158,550 at 4.17%$772.56
158,550 at 4.18%$773.49
158,550 at 4.19%$774.41
158,550 at 4.2%$775.34
158,550 at 4.21%$776.26
158,550 at 4.22%$777.19
158,550 at 4.23%$778.12
158,550 at 4.24%$779.04
158,550 at 4.25%$779.97
158,550 at 4.26%$780.90
158,550 at 4.27%$781.83
158,550 at 4.28%$782.76
158,550 at 4.29%$783.69
158,550 at 4.3%$784.62
158,550 at 4.31%$785.55
158,550 at 4.32%$786.48
158,550 at 4.33%$787.41
158,550 at 4.34%$788.35
158,550 at 4.35%$789.28
158,550 at 4.36%$790.21
158,550 at 4.37%$791.15
158,550 at 4.38%$792.08
158,550 at 4.39%$793.02
158,550 at 4.4%$793.96
158,550 at 4.41%$794.89
158,550 at 4.42%$795.83
158,550 at 4.43%$796.77
158,550 at 4.44%$797.71
158,550 at 4.45%$798.65
158,550 at 4.46%$799.59
158,550 at 4.47%$800.53
158,550 at 4.48%$801.47
158,550 at 4.49%$802.41
158,550 at 4.5%$803.35
158,550 at 4.51%$804.29
158,550 at 4.52%$805.23
158,550 at 4.53%$806.18
158,550 at 4.54%$807.12
158,550 at 4.55%$808.07
158,550 at 4.56%$809.01
158,550 at 4.57%$809.96
158,550 at 4.58%$810.90
158,550 at 4.59%$811.85
158,550 at 4.6%$812.80
158,550 at 4.61%$813.75
158,550 at 4.62%$814.69
158,550 at 4.63%$815.64
158,550 at 4.64%$816.59
158,550 at 4.65%$817.54
158,550 at 4.66%$818.49
158,550 at 4.67%$819.44
158,550 at 4.68%$820.40
158,550 at 4.69%$821.35
158,550 at 4.7%$822.30
158,550 at 4.71%$823.25
158,550 at 4.72%$824.21
158,550 at 4.73%$825.16
158,550 at 4.74%$826.12
158,550 at 4.75%$827.07
158,550 at 4.76%$828.03
158,550 at 4.77%$828.98
158,550 at 4.78%$829.94
158,550 at 4.79%$830.90
158,550 at 4.8%$831.86
158,550 at 4.81%$832.82
158,550 at 4.82%$833.77
158,550 at 4.83%$834.73
158,550 at 4.84%$835.69
158,550 at 4.85%$836.66
158,550 at 4.86%$837.62
158,550 at 4.87%$838.58
158,550 at 4.88%$839.54
158,550 at 4.89%$840.50
158,550 at 4.9%$841.47
158,550 at 4.91%$842.43
158,550 at 4.92%$843.40
158,550 at 4.93%$844.36
158,550 at 4.94%$845.33
158,550 at 4.95%$846.29
158,550 at 4.96%$847.26
158,550 at 4.97%$848.23
158,550 at 4.98%$849.19
158,550 at 4.99%$850.16
158,550 at 5%$851.13
Interest Rate 30 Year
158,550 at 5.01%$852.10
158,550 at 5.02%$853.07
158,550 at 5.03%$854.04
158,550 at 5.04%$855.01
158,550 at 5.05%$855.98
158,550 at 5.06%$856.95
158,550 at 5.07%$857.93
158,550 at 5.08%$858.90
158,550 at 5.09%$859.87
158,550 at 5.1%$860.85
158,550 at 5.11%$861.82
158,550 at 5.12%$862.80
158,550 at 5.13%$863.77
158,550 at 5.14%$864.75
158,550 at 5.15%$865.72
158,550 at 5.16%$866.70
158,550 at 5.17%$867.68
158,550 at 5.18%$868.66
158,550 at 5.19%$869.64
158,550 at 5.2%$870.62
158,550 at 5.21%$871.60
158,550 at 5.22%$872.58
158,550 at 5.23%$873.56
158,550 at 5.24%$874.54
158,550 at 5.25%$875.52
158,550 at 5.26%$876.50
158,550 at 5.27%$877.48
158,550 at 5.28%$878.47
158,550 at 5.29%$879.45
158,550 at 5.3%$880.44
158,550 at 5.31%$881.42
158,550 at 5.32%$882.41
158,550 at 5.33%$883.39
158,550 at 5.34%$884.38
158,550 at 5.35%$885.36
158,550 at 5.36%$886.35
158,550 at 5.37%$887.34
158,550 at 5.38%$888.33
158,550 at 5.39%$889.32
158,550 at 5.4%$890.31
158,550 at 5.41%$891.30
158,550 at 5.42%$892.29
158,550 at 5.43%$893.28
158,550 at 5.44%$894.27
158,550 at 5.45%$895.26
158,550 at 5.46%$896.25
158,550 at 5.47%$897.25
158,550 at 5.48%$898.24
158,550 at 5.49%$899.23
158,550 at 5.5%$900.23
158,550 at 5.51%$901.22
158,550 at 5.52%$902.22
158,550 at 5.53%$903.22
158,550 at 5.54%$904.21
158,550 at 5.55%$905.21
158,550 at 5.56%$906.21
158,550 at 5.57%$907.21
158,550 at 5.58%$908.20
158,550 at 5.59%$909.20
158,550 at 5.6%$910.20
158,550 at 5.61%$911.20
158,550 at 5.62%$912.20
158,550 at 5.63%$913.20
158,550 at 5.64%$914.21
158,550 at 5.65%$915.21
158,550 at 5.66%$916.21
158,550 at 5.67%$917.21
158,550 at 5.68%$918.22
158,550 at 5.69%$919.22
158,550 at 5.7%$920.22
158,550 at 5.71%$921.23
158,550 at 5.72%$922.24
158,550 at 5.73%$923.24
158,550 at 5.74%$924.25
158,550 at 5.75%$925.25
158,550 at 5.76%$926.26
158,550 at 5.77%$927.27
158,550 at 5.78%$928.28
158,550 at 5.79%$929.29
158,550 at 5.8%$930.30
158,550 at 5.81%$931.31
158,550 at 5.82%$932.32
158,550 at 5.83%$933.33
158,550 at 5.84%$934.34
158,550 at 5.85%$935.35
158,550 at 5.86%$936.36
158,550 at 5.87%$937.38
158,550 at 5.88%$938.39
158,550 at 5.89%$939.40
158,550 at 5.9%$940.42
158,550 at 5.91%$941.43
158,550 at 5.92%$942.45
158,550 at 5.93%$943.46
158,550 at 5.94%$944.48
158,550 at 5.95%$945.50
158,550 at 5.96%$946.51
158,550 at 5.97%$947.53
158,550 at 5.98%$948.55
158,550 at 5.99%$949.57
158,550 at 6%$950.59
158,550 at 6.01%$951.61
158,550 at 6.02%$952.63
158,550 at 6.03%$953.65
158,550 at 6.04%$954.67
158,550 at 6.05%$955.69
158,550 at 6.06%$956.71
158,550 at 6.07%$957.73
158,550 at 6.08%$958.76
158,550 at 6.09%$959.78
158,550 at 6.1%$960.80
158,550 at 6.11%$961.83
158,550 at 6.12%$962.85
158,550 at 6.13%$963.88
158,550 at 6.14%$964.90
158,550 at 6.15%$965.93
158,550 at 6.16%$966.96
158,550 at 6.17%$967.99
158,550 at 6.18%$969.01
158,550 at 6.19%$970.04
158,550 at 6.2%$971.07
158,550 at 6.21%$972.10
158,550 at 6.22%$973.13
158,550 at 6.23%$974.16
158,550 at 6.24%$975.19
158,550 at 6.25%$976.22
158,550 at 6.26%$977.25
158,550 at 6.27%$978.28
158,550 at 6.28%$979.32
158,550 at 6.29%$980.35
158,550 at 6.3%$981.38
158,550 at 6.31%$982.42
158,550 at 6.32%$983.45
158,550 at 6.33%$984.48
158,550 at 6.34%$985.52
158,550 at 6.35%$986.55
158,550 at 6.36%$987.59
158,550 at 6.37%$988.63
158,550 at 6.38%$989.66
158,550 at 6.39%$990.70
158,550 at 6.4%$991.74
158,550 at 6.41%$992.78
158,550 at 6.42%$993.82
158,550 at 6.43%$994.86
158,550 at 6.44%$995.90
158,550 at 6.45%$996.94
158,550 at 6.46%$997.98
158,550 at 6.47%$999.02
158,550 at 6.48%$1,000.06
158,550 at 6.49%$1,001.10
158,550 at 6.5%$1,002.14
Interest Rate 30 Year
158,550 at 6.51%$1,003.19
158,550 at 6.52%$1,004.23
158,550 at 6.53%$1,005.27
158,550 at 6.54%$1,006.32
158,550 at 6.55%$1,007.36
158,550 at 6.56%$1,008.41
158,550 at 6.57%$1,009.45
158,550 at 6.58%$1,010.50
158,550 at 6.59%$1,011.55
158,550 at 6.6%$1,012.59
158,550 at 6.61%$1,013.64
158,550 at 6.62%$1,014.69
158,550 at 6.63%$1,015.74
158,550 at 6.64%$1,016.79
158,550 at 6.65%$1,017.84
158,550 at 6.66%$1,018.88
158,550 at 6.67%$1,019.94
158,550 at 6.68%$1,020.99
158,550 at 6.69%$1,022.04
158,550 at 6.7%$1,023.09
158,550 at 6.71%$1,024.14
158,550 at 6.72%$1,025.19
158,550 at 6.73%$1,026.25
158,550 at 6.74%$1,027.30
158,550 at 6.75%$1,028.35
158,550 at 6.76%$1,029.41
158,550 at 6.77%$1,030.46
158,550 at 6.78%$1,031.52
158,550 at 6.79%$1,032.57
158,550 at 6.8%$1,033.63
158,550 at 6.81%$1,034.68
158,550 at 6.82%$1,035.74
158,550 at 6.83%$1,036.80
158,550 at 6.84%$1,037.86
158,550 at 6.85%$1,038.91
158,550 at 6.86%$1,039.97
158,550 at 6.87%$1,041.03
158,550 at 6.88%$1,042.09
158,550 at 6.89%$1,043.15
158,550 at 6.9%$1,044.21
158,550 at 6.91%$1,045.27
158,550 at 6.92%$1,046.33
158,550 at 6.93%$1,047.39
158,550 at 6.94%$1,048.46
158,550 at 6.95%$1,049.52
158,550 at 6.96%$1,050.58
158,550 at 6.97%$1,051.64
158,550 at 6.98%$1,052.71
158,550 at 6.99%$1,053.77
158,550 at 7%$1,054.84
158,550 at 7.01%$1,055.90
158,550 at 7.02%$1,056.97
158,550 at 7.03%$1,058.03
158,550 at 7.04%$1,059.10
158,550 at 7.05%$1,060.17
158,550 at 7.06%$1,061.23
158,550 at 7.07%$1,062.30
158,550 at 7.08%$1,063.37
158,550 at 7.09%$1,064.44
158,550 at 7.1%$1,065.51
158,550 at 7.11%$1,066.58
158,550 at 7.12%$1,067.65
158,550 at 7.13%$1,068.72
158,550 at 7.14%$1,069.79
158,550 at 7.15%$1,070.86
158,550 at 7.16%$1,071.93
158,550 at 7.17%$1,073.00
158,550 at 7.18%$1,074.07
158,550 at 7.19%$1,075.15
158,550 at 7.2%$1,076.22
158,550 at 7.21%$1,077.29
158,550 at 7.22%$1,078.37
158,550 at 7.23%$1,079.44
158,550 at 7.24%$1,080.52
158,550 at 7.25%$1,081.59
158,550 at 7.26%$1,082.67
158,550 at 7.27%$1,083.74
158,550 at 7.28%$1,084.82
158,550 at 7.29%$1,085.90
158,550 at 7.3%$1,086.97
158,550 at 7.31%$1,088.05
158,550 at 7.32%$1,089.13
158,550 at 7.33%$1,090.21
158,550 at 7.34%$1,091.29
158,550 at 7.35%$1,092.37
158,550 at 7.36%$1,093.45
158,550 at 7.37%$1,094.53
158,550 at 7.38%$1,095.61
158,550 at 7.39%$1,096.69
158,550 at 7.4%$1,097.77
158,550 at 7.41%$1,098.85
158,550 at 7.42%$1,099.93
158,550 at 7.43%$1,101.01
158,550 at 7.44%$1,102.10
158,550 at 7.45%$1,103.18
158,550 at 7.46%$1,104.27
158,550 at 7.47%$1,105.35
158,550 at 7.48%$1,106.43
158,550 at 7.49%$1,107.52
158,550 at 7.5%$1,108.60
158,550 at 7.51%$1,109.69
158,550 at 7.52%$1,110.78
158,550 at 7.53%$1,111.86
158,550 at 7.54%$1,112.95
158,550 at 7.55%$1,114.04
158,550 at 7.56%$1,115.13
158,550 at 7.57%$1,116.21
158,550 at 7.58%$1,117.30
158,550 at 7.59%$1,118.39
158,550 at 7.6%$1,119.48
158,550 at 7.61%$1,120.57
158,550 at 7.62%$1,121.66
158,550 at 7.63%$1,122.75
158,550 at 7.64%$1,123.84
158,550 at 7.65%$1,124.93
158,550 at 7.66%$1,126.03
158,550 at 7.67%$1,127.12
158,550 at 7.68%$1,128.21
158,550 at 7.69%$1,129.30
158,550 at 7.7%$1,130.40
158,550 at 7.71%$1,131.49
158,550 at 7.72%$1,132.59
158,550 at 7.73%$1,133.68
158,550 at 7.74%$1,134.78
158,550 at 7.75%$1,135.87
158,550 at 7.76%$1,136.97
158,550 at 7.77%$1,138.06
158,550 at 7.78%$1,139.16
158,550 at 7.79%$1,140.26
158,550 at 7.8%$1,141.35
158,550 at 7.81%$1,142.45
158,550 at 7.82%$1,143.55
158,550 at 7.83%$1,144.65
158,550 at 7.84%$1,145.75
158,550 at 7.85%$1,146.85
158,550 at 7.86%$1,147.95
158,550 at 7.87%$1,149.05
158,550 at 7.88%$1,150.15
158,550 at 7.89%$1,151.25
158,550 at 7.9%$1,152.35
158,550 at 7.91%$1,153.45
158,550 at 7.92%$1,154.55
158,550 at 7.93%$1,155.66
158,550 at 7.94%$1,156.76
158,550 at 7.95%$1,157.86
158,550 at 7.96%$1,158.97
158,550 at 7.97%$1,160.07
158,550 at 7.98%$1,161.17
158,550 at 7.99%$1,162.28
158,550 at 8%$1,163.38
More Amounts
What is the down payment for a $158,550 house? How much do you need to put down?
Percent Down Down Payment
1%1,586
2%3,171
3%4,757
4%6,342
5%7,928
6%9,513
7%11,099
8%12,684
9%14,270
10%15,855
11%17,441
12%19,026
13%20,612
14%22,197
15%23,783
16%25,368
17%26,954
18%28,539
19%30,125
20%31,710
Percent Down Down Payment
21%33,296
22%34,881
23%36,467
24%38,052
25%39,638
26%41,223
27%42,809
28%44,394
29%45,980
30%47,565
31%49,151
32%50,736
33%52,322
34%53,907
35%55,493
36%57,078
37%58,664
38%60,249
39%61,835
40%63,420
Percent Down Down Payment
41%65,006
42%66,591
43%68,177
44%69,762
45%71,348
46%72,933
47%74,519
48%76,104
49%77,690
50%79,275
51%80,861
52%82,446
53%84,032
54%85,617
55%87,203
56%88,788
57%90,374
58%91,959
59%93,545
60%95,130
Percent Down Down Payment
61%96,716
62%98,301
63%99,887
64%101,472
65%103,058
66%104,643
67%106,229
68%107,814
69%109,400
70%110,985
71%112,571
72%114,156
73%115,742
74%117,327
75%118,913
76%120,498
77%122,084
78%123,669
79%125,255
80%126,840
Percent Down Down Payment
81%128,426
82%130,011
83%131,597
84%133,182
85%134,768
86%136,353
87%137,939
88%139,524
89%141,110
90%142,695
91%144,281
92%145,866
93%147,452
94%149,037
95%150,623
96%152,208
97%153,794
98%155,379
99%156,965
100%158,550
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.