$159,050 Mortgage for 30 Years

What is the monthly payment of a 159,050 dollar loan?
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Loan Tables for a $159,050 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 $159,050 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
159,050 at 2.01%$588.68
159,050 at 2.02%$589.47
159,050 at 2.03%$590.27
159,050 at 2.04%$591.07
159,050 at 2.05%$591.86
159,050 at 2.06%$592.66
159,050 at 2.07%$593.46
159,050 at 2.08%$594.26
159,050 at 2.09%$595.06
159,050 at 2.1%$595.87
159,050 at 2.11%$596.67
159,050 at 2.12%$597.47
159,050 at 2.13%$598.27
159,050 at 2.14%$599.08
159,050 at 2.15%$599.88
159,050 at 2.16%$600.69
159,050 at 2.17%$601.49
159,050 at 2.18%$602.30
159,050 at 2.19%$603.11
159,050 at 2.2%$603.91
159,050 at 2.21%$604.72
159,050 at 2.22%$605.53
159,050 at 2.23%$606.34
159,050 at 2.24%$607.15
159,050 at 2.25%$607.96
159,050 at 2.26%$608.77
159,050 at 2.27%$609.59
159,050 at 2.28%$610.40
159,050 at 2.29%$611.21
159,050 at 2.3%$612.03
159,050 at 2.31%$612.84
159,050 at 2.32%$613.66
159,050 at 2.33%$614.47
159,050 at 2.34%$615.29
159,050 at 2.35%$616.11
159,050 at 2.36%$616.92
159,050 at 2.37%$617.74
159,050 at 2.38%$618.56
159,050 at 2.39%$619.38
159,050 at 2.4%$620.20
159,050 at 2.41%$621.02
159,050 at 2.42%$621.84
159,050 at 2.43%$622.67
159,050 at 2.44%$623.49
159,050 at 2.45%$624.31
159,050 at 2.46%$625.14
159,050 at 2.47%$625.96
159,050 at 2.48%$626.79
159,050 at 2.49%$627.61
159,050 at 2.5%$628.44
159,050 at 2.51%$629.27
159,050 at 2.52%$630.09
159,050 at 2.53%$630.92
159,050 at 2.54%$631.75
159,050 at 2.55%$632.58
159,050 at 2.56%$633.41
159,050 at 2.57%$634.24
159,050 at 2.58%$635.08
159,050 at 2.59%$635.91
159,050 at 2.6%$636.74
159,050 at 2.61%$637.57
159,050 at 2.62%$638.41
159,050 at 2.63%$639.24
159,050 at 2.64%$640.08
159,050 at 2.65%$640.91
159,050 at 2.66%$641.75
159,050 at 2.67%$642.59
159,050 at 2.68%$643.43
159,050 at 2.69%$644.26
159,050 at 2.7%$645.10
159,050 at 2.71%$645.94
159,050 at 2.72%$646.78
159,050 at 2.73%$647.62
159,050 at 2.74%$648.47
159,050 at 2.75%$649.31
159,050 at 2.76%$650.15
159,050 at 2.77%$650.99
159,050 at 2.78%$651.84
159,050 at 2.79%$652.68
159,050 at 2.8%$653.53
159,050 at 2.81%$654.37
159,050 at 2.82%$655.22
159,050 at 2.83%$656.07
159,050 at 2.84%$656.91
159,050 at 2.85%$657.76
159,050 at 2.86%$658.61
159,050 at 2.87%$659.46
159,050 at 2.88%$660.31
159,050 at 2.89%$661.16
159,050 at 2.9%$662.01
159,050 at 2.91%$662.87
159,050 at 2.92%$663.72
159,050 at 2.93%$664.57
159,050 at 2.94%$665.43
159,050 at 2.95%$666.28
159,050 at 2.96%$667.13
159,050 at 2.97%$667.99
159,050 at 2.98%$668.85
159,050 at 2.99%$669.70
159,050 at 3%$670.56
159,050 at 3.01%$671.42
159,050 at 3.02%$672.28
159,050 at 3.03%$673.14
159,050 at 3.04%$674.00
159,050 at 3.05%$674.86
159,050 at 3.06%$675.72
159,050 at 3.07%$676.58
159,050 at 3.08%$677.44
159,050 at 3.09%$678.31
159,050 at 3.1%$679.17
159,050 at 3.11%$680.03
159,050 at 3.12%$680.90
159,050 at 3.13%$681.76
159,050 at 3.14%$682.63
159,050 at 3.15%$683.50
159,050 at 3.16%$684.36
159,050 at 3.17%$685.23
159,050 at 3.18%$686.10
159,050 at 3.19%$686.97
159,050 at 3.2%$687.84
159,050 at 3.21%$688.71
159,050 at 3.22%$689.58
159,050 at 3.23%$690.45
159,050 at 3.24%$691.32
159,050 at 3.25%$692.20
159,050 at 3.26%$693.07
159,050 at 3.27%$693.94
159,050 at 3.28%$694.82
159,050 at 3.29%$695.69
159,050 at 3.3%$696.57
159,050 at 3.31%$697.44
159,050 at 3.32%$698.32
159,050 at 3.33%$699.20
159,050 at 3.34%$700.08
159,050 at 3.35%$700.95
159,050 at 3.36%$701.83
159,050 at 3.37%$702.71
159,050 at 3.38%$703.59
159,050 at 3.39%$704.48
159,050 at 3.4%$705.36
159,050 at 3.41%$706.24
159,050 at 3.42%$707.12
159,050 at 3.43%$708.01
159,050 at 3.44%$708.89
159,050 at 3.45%$709.77
159,050 at 3.46%$710.66
159,050 at 3.47%$711.54
159,050 at 3.48%$712.43
159,050 at 3.49%$713.32
159,050 at 3.5%$714.21
Interest Rate 30 Year
159,050 at 3.51%$715.09
159,050 at 3.52%$715.98
159,050 at 3.53%$716.87
159,050 at 3.54%$717.76
159,050 at 3.55%$718.65
159,050 at 3.56%$719.54
159,050 at 3.57%$720.43
159,050 at 3.58%$721.33
159,050 at 3.59%$722.22
159,050 at 3.6%$723.11
159,050 at 3.61%$724.01
159,050 at 3.62%$724.90
159,050 at 3.63%$725.80
159,050 at 3.64%$726.69
159,050 at 3.65%$727.59
159,050 at 3.66%$728.49
159,050 at 3.67%$729.38
159,050 at 3.68%$730.28
159,050 at 3.69%$731.18
159,050 at 3.7%$732.08
159,050 at 3.71%$732.98
159,050 at 3.72%$733.88
159,050 at 3.73%$734.78
159,050 at 3.74%$735.68
159,050 at 3.75%$736.59
159,050 at 3.76%$737.49
159,050 at 3.77%$738.39
159,050 at 3.78%$739.30
159,050 at 3.79%$740.20
159,050 at 3.8%$741.11
159,050 at 3.81%$742.01
159,050 at 3.82%$742.92
159,050 at 3.83%$743.82
159,050 at 3.84%$744.73
159,050 at 3.85%$745.64
159,050 at 3.86%$746.55
159,050 at 3.87%$747.46
159,050 at 3.88%$748.37
159,050 at 3.89%$749.28
159,050 at 3.9%$750.19
159,050 at 3.91%$751.10
159,050 at 3.92%$752.01
159,050 at 3.93%$752.92
159,050 at 3.94%$753.84
159,050 at 3.95%$754.75
159,050 at 3.96%$755.67
159,050 at 3.97%$756.58
159,050 at 3.98%$757.50
159,050 at 3.99%$758.41
159,050 at 4%$759.33
159,050 at 4.01%$760.25
159,050 at 4.02%$761.16
159,050 at 4.03%$762.08
159,050 at 4.04%$763.00
159,050 at 4.05%$763.92
159,050 at 4.06%$764.84
159,050 at 4.07%$765.76
159,050 at 4.08%$766.68
159,050 at 4.09%$767.60
159,050 at 4.1%$768.53
159,050 at 4.11%$769.45
159,050 at 4.12%$770.37
159,050 at 4.13%$771.30
159,050 at 4.14%$772.22
159,050 at 4.15%$773.15
159,050 at 4.16%$774.07
159,050 at 4.17%$775.00
159,050 at 4.18%$775.93
159,050 at 4.19%$776.85
159,050 at 4.2%$777.78
159,050 at 4.21%$778.71
159,050 at 4.22%$779.64
159,050 at 4.23%$780.57
159,050 at 4.24%$781.50
159,050 at 4.25%$782.43
159,050 at 4.26%$783.36
159,050 at 4.27%$784.29
159,050 at 4.28%$785.23
159,050 at 4.29%$786.16
159,050 at 4.3%$787.09
159,050 at 4.31%$788.03
159,050 at 4.32%$788.96
159,050 at 4.33%$789.90
159,050 at 4.34%$790.83
159,050 at 4.35%$791.77
159,050 at 4.36%$792.71
159,050 at 4.37%$793.64
159,050 at 4.38%$794.58
159,050 at 4.39%$795.52
159,050 at 4.4%$796.46
159,050 at 4.41%$797.40
159,050 at 4.42%$798.34
159,050 at 4.43%$799.28
159,050 at 4.44%$800.22
159,050 at 4.45%$801.16
159,050 at 4.46%$802.11
159,050 at 4.47%$803.05
159,050 at 4.48%$803.99
159,050 at 4.49%$804.94
159,050 at 4.5%$805.88
159,050 at 4.51%$806.83
159,050 at 4.52%$807.77
159,050 at 4.53%$808.72
159,050 at 4.54%$809.67
159,050 at 4.55%$810.62
159,050 at 4.56%$811.56
159,050 at 4.57%$812.51
159,050 at 4.58%$813.46
159,050 at 4.59%$814.41
159,050 at 4.6%$815.36
159,050 at 4.61%$816.31
159,050 at 4.62%$817.26
159,050 at 4.63%$818.21
159,050 at 4.64%$819.17
159,050 at 4.65%$820.12
159,050 at 4.66%$821.07
159,050 at 4.67%$822.03
159,050 at 4.68%$822.98
159,050 at 4.69%$823.94
159,050 at 4.7%$824.89
159,050 at 4.71%$825.85
159,050 at 4.72%$826.81
159,050 at 4.73%$827.76
159,050 at 4.74%$828.72
159,050 at 4.75%$829.68
159,050 at 4.76%$830.64
159,050 at 4.77%$831.60
159,050 at 4.78%$832.56
159,050 at 4.79%$833.52
159,050 at 4.8%$834.48
159,050 at 4.81%$835.44
159,050 at 4.82%$836.40
159,050 at 4.83%$837.37
159,050 at 4.84%$838.33
159,050 at 4.85%$839.29
159,050 at 4.86%$840.26
159,050 at 4.87%$841.22
159,050 at 4.88%$842.19
159,050 at 4.89%$843.15
159,050 at 4.9%$844.12
159,050 at 4.91%$845.09
159,050 at 4.92%$846.06
159,050 at 4.93%$847.02
159,050 at 4.94%$847.99
159,050 at 4.95%$848.96
159,050 at 4.96%$849.93
159,050 at 4.97%$850.90
159,050 at 4.98%$851.87
159,050 at 4.99%$852.84
159,050 at 5%$853.81
Interest Rate 30 Year
159,050 at 5.01%$854.79
159,050 at 5.02%$855.76
159,050 at 5.03%$856.73
159,050 at 5.04%$857.71
159,050 at 5.05%$858.68
159,050 at 5.06%$859.66
159,050 at 5.07%$860.63
159,050 at 5.08%$861.61
159,050 at 5.09%$862.58
159,050 at 5.1%$863.56
159,050 at 5.11%$864.54
159,050 at 5.12%$865.52
159,050 at 5.13%$866.50
159,050 at 5.14%$867.48
159,050 at 5.15%$868.45
159,050 at 5.16%$869.43
159,050 at 5.17%$870.42
159,050 at 5.18%$871.40
159,050 at 5.19%$872.38
159,050 at 5.2%$873.36
159,050 at 5.21%$874.34
159,050 at 5.22%$875.33
159,050 at 5.23%$876.31
159,050 at 5.24%$877.30
159,050 at 5.25%$878.28
159,050 at 5.26%$879.27
159,050 at 5.27%$880.25
159,050 at 5.28%$881.24
159,050 at 5.29%$882.22
159,050 at 5.3%$883.21
159,050 at 5.31%$884.20
159,050 at 5.32%$885.19
159,050 at 5.33%$886.18
159,050 at 5.34%$887.17
159,050 at 5.35%$888.16
159,050 at 5.36%$889.15
159,050 at 5.37%$890.14
159,050 at 5.38%$891.13
159,050 at 5.39%$892.12
159,050 at 5.4%$893.11
159,050 at 5.41%$894.11
159,050 at 5.42%$895.10
159,050 at 5.43%$896.10
159,050 at 5.44%$897.09
159,050 at 5.45%$898.09
159,050 at 5.46%$899.08
159,050 at 5.47%$900.08
159,050 at 5.48%$901.07
159,050 at 5.49%$902.07
159,050 at 5.5%$903.07
159,050 at 5.51%$904.07
159,050 at 5.52%$905.07
159,050 at 5.53%$906.06
159,050 at 5.54%$907.06
159,050 at 5.55%$908.06
159,050 at 5.56%$909.06
159,050 at 5.57%$910.07
159,050 at 5.58%$911.07
159,050 at 5.59%$912.07
159,050 at 5.6%$913.07
159,050 at 5.61%$914.08
159,050 at 5.62%$915.08
159,050 at 5.63%$916.08
159,050 at 5.64%$917.09
159,050 at 5.65%$918.09
159,050 at 5.66%$919.10
159,050 at 5.67%$920.11
159,050 at 5.68%$921.11
159,050 at 5.69%$922.12
159,050 at 5.7%$923.13
159,050 at 5.71%$924.14
159,050 at 5.72%$925.14
159,050 at 5.73%$926.15
159,050 at 5.74%$927.16
159,050 at 5.75%$928.17
159,050 at 5.76%$929.18
159,050 at 5.77%$930.19
159,050 at 5.78%$931.21
159,050 at 5.79%$932.22
159,050 at 5.8%$933.23
159,050 at 5.81%$934.24
159,050 at 5.82%$935.26
159,050 at 5.83%$936.27
159,050 at 5.84%$937.29
159,050 at 5.85%$938.30
159,050 at 5.86%$939.32
159,050 at 5.87%$940.33
159,050 at 5.88%$941.35
159,050 at 5.89%$942.37
159,050 at 5.9%$943.38
159,050 at 5.91%$944.40
159,050 at 5.92%$945.42
159,050 at 5.93%$946.44
159,050 at 5.94%$947.46
159,050 at 5.95%$948.48
159,050 at 5.96%$949.50
159,050 at 5.97%$950.52
159,050 at 5.98%$951.54
159,050 at 5.99%$952.56
159,050 at 6%$953.59
159,050 at 6.01%$954.61
159,050 at 6.02%$955.63
159,050 at 6.03%$956.65
159,050 at 6.04%$957.68
159,050 at 6.05%$958.70
159,050 at 6.06%$959.73
159,050 at 6.07%$960.75
159,050 at 6.08%$961.78
159,050 at 6.09%$962.81
159,050 at 6.1%$963.83
159,050 at 6.11%$964.86
159,050 at 6.12%$965.89
159,050 at 6.13%$966.92
159,050 at 6.14%$967.95
159,050 at 6.15%$968.98
159,050 at 6.16%$970.01
159,050 at 6.17%$971.04
159,050 at 6.18%$972.07
159,050 at 6.19%$973.10
159,050 at 6.2%$974.13
159,050 at 6.21%$975.16
159,050 at 6.22%$976.20
159,050 at 6.23%$977.23
159,050 at 6.24%$978.26
159,050 at 6.25%$979.30
159,050 at 6.26%$980.33
159,050 at 6.27%$981.37
159,050 at 6.28%$982.40
159,050 at 6.29%$983.44
159,050 at 6.3%$984.48
159,050 at 6.31%$985.51
159,050 at 6.32%$986.55
159,050 at 6.33%$987.59
159,050 at 6.34%$988.63
159,050 at 6.35%$989.67
159,050 at 6.36%$990.71
159,050 at 6.37%$991.75
159,050 at 6.38%$992.79
159,050 at 6.39%$993.83
159,050 at 6.4%$994.87
159,050 at 6.41%$995.91
159,050 at 6.42%$996.95
159,050 at 6.43%$997.99
159,050 at 6.44%$999.04
159,050 at 6.45%$1,000.08
159,050 at 6.46%$1,001.12
159,050 at 6.47%$1,002.17
159,050 at 6.48%$1,003.21
159,050 at 6.49%$1,004.26
159,050 at 6.5%$1,005.30
Interest Rate 30 Year
159,050 at 6.51%$1,006.35
159,050 at 6.52%$1,007.40
159,050 at 6.53%$1,008.44
159,050 at 6.54%$1,009.49
159,050 at 6.55%$1,010.54
159,050 at 6.56%$1,011.59
159,050 at 6.57%$1,012.64
159,050 at 6.58%$1,013.69
159,050 at 6.59%$1,014.74
159,050 at 6.6%$1,015.79
159,050 at 6.61%$1,016.84
159,050 at 6.62%$1,017.89
159,050 at 6.63%$1,018.94
159,050 at 6.64%$1,019.99
159,050 at 6.65%$1,021.05
159,050 at 6.66%$1,022.10
159,050 at 6.67%$1,023.15
159,050 at 6.68%$1,024.21
159,050 at 6.69%$1,025.26
159,050 at 6.7%$1,026.31
159,050 at 6.71%$1,027.37
159,050 at 6.72%$1,028.43
159,050 at 6.73%$1,029.48
159,050 at 6.74%$1,030.54
159,050 at 6.75%$1,031.60
159,050 at 6.76%$1,032.65
159,050 at 6.77%$1,033.71
159,050 at 6.78%$1,034.77
159,050 at 6.79%$1,035.83
159,050 at 6.8%$1,036.89
159,050 at 6.81%$1,037.95
159,050 at 6.82%$1,039.01
159,050 at 6.83%$1,040.07
159,050 at 6.84%$1,041.13
159,050 at 6.85%$1,042.19
159,050 at 6.86%$1,043.25
159,050 at 6.87%$1,044.31
159,050 at 6.88%$1,045.38
159,050 at 6.89%$1,046.44
159,050 at 6.9%$1,047.50
159,050 at 6.91%$1,048.57
159,050 at 6.92%$1,049.63
159,050 at 6.93%$1,050.70
159,050 at 6.94%$1,051.76
159,050 at 6.95%$1,052.83
159,050 at 6.96%$1,053.89
159,050 at 6.97%$1,054.96
159,050 at 6.98%$1,056.03
159,050 at 6.99%$1,057.10
159,050 at 7%$1,058.16
159,050 at 7.01%$1,059.23
159,050 at 7.02%$1,060.30
159,050 at 7.03%$1,061.37
159,050 at 7.04%$1,062.44
159,050 at 7.05%$1,063.51
159,050 at 7.06%$1,064.58
159,050 at 7.07%$1,065.65
159,050 at 7.08%$1,066.72
159,050 at 7.09%$1,067.79
159,050 at 7.1%$1,068.87
159,050 at 7.11%$1,069.94
159,050 at 7.12%$1,071.01
159,050 at 7.13%$1,072.09
159,050 at 7.14%$1,073.16
159,050 at 7.15%$1,074.23
159,050 at 7.16%$1,075.31
159,050 at 7.17%$1,076.38
159,050 at 7.18%$1,077.46
159,050 at 7.19%$1,078.54
159,050 at 7.2%$1,079.61
159,050 at 7.21%$1,080.69
159,050 at 7.22%$1,081.77
159,050 at 7.23%$1,082.84
159,050 at 7.24%$1,083.92
159,050 at 7.25%$1,085.00
159,050 at 7.26%$1,086.08
159,050 at 7.27%$1,087.16
159,050 at 7.28%$1,088.24
159,050 at 7.29%$1,089.32
159,050 at 7.3%$1,090.40
159,050 at 7.31%$1,091.48
159,050 at 7.32%$1,092.56
159,050 at 7.33%$1,093.65
159,050 at 7.34%$1,094.73
159,050 at 7.35%$1,095.81
159,050 at 7.36%$1,096.89
159,050 at 7.37%$1,097.98
159,050 at 7.38%$1,099.06
159,050 at 7.39%$1,100.15
159,050 at 7.4%$1,101.23
159,050 at 7.41%$1,102.32
159,050 at 7.42%$1,103.40
159,050 at 7.43%$1,104.49
159,050 at 7.44%$1,105.57
159,050 at 7.45%$1,106.66
159,050 at 7.46%$1,107.75
159,050 at 7.47%$1,108.84
159,050 at 7.48%$1,109.92
159,050 at 7.49%$1,111.01
159,050 at 7.5%$1,112.10
159,050 at 7.51%$1,113.19
159,050 at 7.52%$1,114.28
159,050 at 7.53%$1,115.37
159,050 at 7.54%$1,116.46
159,050 at 7.55%$1,117.55
159,050 at 7.56%$1,118.64
159,050 at 7.57%$1,119.73
159,050 at 7.58%$1,120.83
159,050 at 7.59%$1,121.92
159,050 at 7.6%$1,123.01
159,050 at 7.61%$1,124.11
159,050 at 7.62%$1,125.20
159,050 at 7.63%$1,126.29
159,050 at 7.64%$1,127.39
159,050 at 7.65%$1,128.48
159,050 at 7.66%$1,129.58
159,050 at 7.67%$1,130.67
159,050 at 7.68%$1,131.77
159,050 at 7.69%$1,132.87
159,050 at 7.7%$1,133.96
159,050 at 7.71%$1,135.06
159,050 at 7.72%$1,136.16
159,050 at 7.73%$1,137.26
159,050 at 7.74%$1,138.35
159,050 at 7.75%$1,139.45
159,050 at 7.76%$1,140.55
159,050 at 7.77%$1,141.65
159,050 at 7.78%$1,142.75
159,050 at 7.79%$1,143.85
159,050 at 7.8%$1,144.95
159,050 at 7.81%$1,146.06
159,050 at 7.82%$1,147.16
159,050 at 7.83%$1,148.26
159,050 at 7.84%$1,149.36
159,050 at 7.85%$1,150.46
159,050 at 7.86%$1,151.57
159,050 at 7.87%$1,152.67
159,050 at 7.88%$1,153.77
159,050 at 7.89%$1,154.88
159,050 at 7.9%$1,155.98
159,050 at 7.91%$1,157.09
159,050 at 7.92%$1,158.19
159,050 at 7.93%$1,159.30
159,050 at 7.94%$1,160.41
159,050 at 7.95%$1,161.51
159,050 at 7.96%$1,162.62
159,050 at 7.97%$1,163.73
159,050 at 7.98%$1,164.84
159,050 at 7.99%$1,165.94
159,050 at 8%$1,167.05
More Amounts
What is the down payment for a $159,050 house? How much do you need to put down?
Percent Down Down Payment
1%1,591
2%3,181
3%4,772
4%6,362
5%7,953
6%9,543
7%11,134
8%12,724
9%14,315
10%15,905
11%17,496
12%19,086
13%20,677
14%22,267
15%23,858
16%25,448
17%27,039
18%28,629
19%30,220
20%31,810
Percent Down Down Payment
21%33,401
22%34,991
23%36,582
24%38,172
25%39,763
26%41,353
27%42,944
28%44,534
29%46,125
30%47,715
31%49,306
32%50,896
33%52,487
34%54,077
35%55,668
36%57,258
37%58,849
38%60,439
39%62,030
40%63,620
Percent Down Down Payment
41%65,211
42%66,801
43%68,392
44%69,982
45%71,573
46%73,163
47%74,754
48%76,344
49%77,935
50%79,525
51%81,116
52%82,706
53%84,297
54%85,887
55%87,478
56%89,068
57%90,659
58%92,249
59%93,840
60%95,430
Percent Down Down Payment
61%97,021
62%98,611
63%100,202
64%101,792
65%103,383
66%104,973
67%106,564
68%108,154
69%109,745
70%111,335
71%112,926
72%114,516
73%116,107
74%117,697
75%119,288
76%120,878
77%122,469
78%124,059
79%125,650
80%127,240
Percent Down Down Payment
81%128,831
82%130,421
83%132,012
84%133,602
85%135,193
86%136,783
87%138,374
88%139,964
89%141,555
90%143,145
91%144,736
92%146,326
93%147,917
94%149,507
95%151,098
96%152,688
97%154,279
98%155,869
99%157,460
100%159,050
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.