$159,200 Mortgage for 30 Years

What is the monthly payment of a 159,200 dollar loan?
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Loan Tables for a $159,200 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 $159,200 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
159,200 at 2.01%$589.23
159,200 at 2.02%$590.03
159,200 at 2.03%$590.83
159,200 at 2.04%$591.62
159,200 at 2.05%$592.42
159,200 at 2.06%$593.22
159,200 at 2.07%$594.02
159,200 at 2.08%$594.82
159,200 at 2.09%$595.63
159,200 at 2.1%$596.43
159,200 at 2.11%$597.23
159,200 at 2.12%$598.03
159,200 at 2.13%$598.84
159,200 at 2.14%$599.64
159,200 at 2.15%$600.45
159,200 at 2.16%$601.25
159,200 at 2.17%$602.06
159,200 at 2.18%$602.87
159,200 at 2.19%$603.68
159,200 at 2.2%$604.48
159,200 at 2.21%$605.29
159,200 at 2.22%$606.10
159,200 at 2.23%$606.91
159,200 at 2.24%$607.72
159,200 at 2.25%$608.54
159,200 at 2.26%$609.35
159,200 at 2.27%$610.16
159,200 at 2.28%$610.97
159,200 at 2.29%$611.79
159,200 at 2.3%$612.60
159,200 at 2.31%$613.42
159,200 at 2.32%$614.24
159,200 at 2.33%$615.05
159,200 at 2.34%$615.87
159,200 at 2.35%$616.69
159,200 at 2.36%$617.51
159,200 at 2.37%$618.33
159,200 at 2.38%$619.15
159,200 at 2.39%$619.97
159,200 at 2.4%$620.79
159,200 at 2.41%$621.61
159,200 at 2.42%$622.43
159,200 at 2.43%$623.25
159,200 at 2.44%$624.08
159,200 at 2.45%$624.90
159,200 at 2.46%$625.73
159,200 at 2.47%$626.55
159,200 at 2.48%$627.38
159,200 at 2.49%$628.21
159,200 at 2.5%$629.03
159,200 at 2.51%$629.86
159,200 at 2.52%$630.69
159,200 at 2.53%$631.52
159,200 at 2.54%$632.35
159,200 at 2.55%$633.18
159,200 at 2.56%$634.01
159,200 at 2.57%$634.84
159,200 at 2.58%$635.67
159,200 at 2.59%$636.51
159,200 at 2.6%$637.34
159,200 at 2.61%$638.18
159,200 at 2.62%$639.01
159,200 at 2.63%$639.85
159,200 at 2.64%$640.68
159,200 at 2.65%$641.52
159,200 at 2.66%$642.36
159,200 at 2.67%$643.19
159,200 at 2.68%$644.03
159,200 at 2.69%$644.87
159,200 at 2.7%$645.71
159,200 at 2.71%$646.55
159,200 at 2.72%$647.39
159,200 at 2.73%$648.23
159,200 at 2.74%$649.08
159,200 at 2.75%$649.92
159,200 at 2.76%$650.76
159,200 at 2.77%$651.61
159,200 at 2.78%$652.45
159,200 at 2.79%$653.30
159,200 at 2.8%$654.14
159,200 at 2.81%$654.99
159,200 at 2.82%$655.84
159,200 at 2.83%$656.69
159,200 at 2.84%$657.53
159,200 at 2.85%$658.38
159,200 at 2.86%$659.23
159,200 at 2.87%$660.08
159,200 at 2.88%$660.93
159,200 at 2.89%$661.79
159,200 at 2.9%$662.64
159,200 at 2.91%$663.49
159,200 at 2.92%$664.34
159,200 at 2.93%$665.20
159,200 at 2.94%$666.05
159,200 at 2.95%$666.91
159,200 at 2.96%$667.76
159,200 at 2.97%$668.62
159,200 at 2.98%$669.48
159,200 at 2.99%$670.34
159,200 at 3%$671.19
159,200 at 3.01%$672.05
159,200 at 3.02%$672.91
159,200 at 3.03%$673.77
159,200 at 3.04%$674.63
159,200 at 3.05%$675.49
159,200 at 3.06%$676.36
159,200 at 3.07%$677.22
159,200 at 3.08%$678.08
159,200 at 3.09%$678.95
159,200 at 3.1%$679.81
159,200 at 3.11%$680.68
159,200 at 3.12%$681.54
159,200 at 3.13%$682.41
159,200 at 3.14%$683.27
159,200 at 3.15%$684.14
159,200 at 3.16%$685.01
159,200 at 3.17%$685.88
159,200 at 3.18%$686.75
159,200 at 3.19%$687.62
159,200 at 3.2%$688.49
159,200 at 3.21%$689.36
159,200 at 3.22%$690.23
159,200 at 3.23%$691.10
159,200 at 3.24%$691.98
159,200 at 3.25%$692.85
159,200 at 3.26%$693.72
159,200 at 3.27%$694.60
159,200 at 3.28%$695.47
159,200 at 3.29%$696.35
159,200 at 3.3%$697.22
159,200 at 3.31%$698.10
159,200 at 3.32%$698.98
159,200 at 3.33%$699.86
159,200 at 3.34%$700.74
159,200 at 3.35%$701.62
159,200 at 3.36%$702.50
159,200 at 3.37%$703.38
159,200 at 3.38%$704.26
159,200 at 3.39%$705.14
159,200 at 3.4%$706.02
159,200 at 3.41%$706.91
159,200 at 3.42%$707.79
159,200 at 3.43%$708.67
159,200 at 3.44%$709.56
159,200 at 3.45%$710.44
159,200 at 3.46%$711.33
159,200 at 3.47%$712.22
159,200 at 3.48%$713.10
159,200 at 3.49%$713.99
159,200 at 3.5%$714.88
Interest Rate 30 Year
159,200 at 3.51%$715.77
159,200 at 3.52%$716.66
159,200 at 3.53%$717.55
159,200 at 3.54%$718.44
159,200 at 3.55%$719.33
159,200 at 3.56%$720.22
159,200 at 3.57%$721.11
159,200 at 3.58%$722.01
159,200 at 3.59%$722.90
159,200 at 3.6%$723.80
159,200 at 3.61%$724.69
159,200 at 3.62%$725.59
159,200 at 3.63%$726.48
159,200 at 3.64%$727.38
159,200 at 3.65%$728.28
159,200 at 3.66%$729.17
159,200 at 3.67%$730.07
159,200 at 3.68%$730.97
159,200 at 3.69%$731.87
159,200 at 3.7%$732.77
159,200 at 3.71%$733.67
159,200 at 3.72%$734.57
159,200 at 3.73%$735.47
159,200 at 3.74%$736.38
159,200 at 3.75%$737.28
159,200 at 3.76%$738.18
159,200 at 3.77%$739.09
159,200 at 3.78%$739.99
159,200 at 3.79%$740.90
159,200 at 3.8%$741.80
159,200 at 3.81%$742.71
159,200 at 3.82%$743.62
159,200 at 3.83%$744.53
159,200 at 3.84%$745.43
159,200 at 3.85%$746.34
159,200 at 3.86%$747.25
159,200 at 3.87%$748.16
159,200 at 3.88%$749.07
159,200 at 3.89%$749.98
159,200 at 3.9%$750.90
159,200 at 3.91%$751.81
159,200 at 3.92%$752.72
159,200 at 3.93%$753.63
159,200 at 3.94%$754.55
159,200 at 3.95%$755.46
159,200 at 3.96%$756.38
159,200 at 3.97%$757.29
159,200 at 3.98%$758.21
159,200 at 3.99%$759.13
159,200 at 4%$760.05
159,200 at 4.01%$760.96
159,200 at 4.02%$761.88
159,200 at 4.03%$762.80
159,200 at 4.04%$763.72
159,200 at 4.05%$764.64
159,200 at 4.06%$765.56
159,200 at 4.07%$766.48
159,200 at 4.08%$767.41
159,200 at 4.09%$768.33
159,200 at 4.1%$769.25
159,200 at 4.11%$770.18
159,200 at 4.12%$771.10
159,200 at 4.13%$772.02
159,200 at 4.14%$772.95
159,200 at 4.15%$773.88
159,200 at 4.16%$774.80
159,200 at 4.17%$775.73
159,200 at 4.18%$776.66
159,200 at 4.19%$777.59
159,200 at 4.2%$778.52
159,200 at 4.21%$779.44
159,200 at 4.22%$780.37
159,200 at 4.23%$781.31
159,200 at 4.24%$782.24
159,200 at 4.25%$783.17
159,200 at 4.26%$784.10
159,200 at 4.27%$785.03
159,200 at 4.28%$785.97
159,200 at 4.29%$786.90
159,200 at 4.3%$787.84
159,200 at 4.31%$788.77
159,200 at 4.32%$789.71
159,200 at 4.33%$790.64
159,200 at 4.34%$791.58
159,200 at 4.35%$792.52
159,200 at 4.36%$793.45
159,200 at 4.37%$794.39
159,200 at 4.38%$795.33
159,200 at 4.39%$796.27
159,200 at 4.4%$797.21
159,200 at 4.41%$798.15
159,200 at 4.42%$799.09
159,200 at 4.43%$800.04
159,200 at 4.44%$800.98
159,200 at 4.45%$801.92
159,200 at 4.46%$802.86
159,200 at 4.47%$803.81
159,200 at 4.48%$804.75
159,200 at 4.49%$805.70
159,200 at 4.5%$806.64
159,200 at 4.51%$807.59
159,200 at 4.52%$808.54
159,200 at 4.53%$809.48
159,200 at 4.54%$810.43
159,200 at 4.55%$811.38
159,200 at 4.56%$812.33
159,200 at 4.57%$813.28
159,200 at 4.58%$814.23
159,200 at 4.59%$815.18
159,200 at 4.6%$816.13
159,200 at 4.61%$817.08
159,200 at 4.62%$818.03
159,200 at 4.63%$818.99
159,200 at 4.64%$819.94
159,200 at 4.65%$820.89
159,200 at 4.66%$821.85
159,200 at 4.67%$822.80
159,200 at 4.68%$823.76
159,200 at 4.69%$824.71
159,200 at 4.7%$825.67
159,200 at 4.71%$826.63
159,200 at 4.72%$827.59
159,200 at 4.73%$828.54
159,200 at 4.74%$829.50
159,200 at 4.75%$830.46
159,200 at 4.76%$831.42
159,200 at 4.77%$832.38
159,200 at 4.78%$833.34
159,200 at 4.79%$834.31
159,200 at 4.8%$835.27
159,200 at 4.81%$836.23
159,200 at 4.82%$837.19
159,200 at 4.83%$838.16
159,200 at 4.84%$839.12
159,200 at 4.85%$840.09
159,200 at 4.86%$841.05
159,200 at 4.87%$842.02
159,200 at 4.88%$842.98
159,200 at 4.89%$843.95
159,200 at 4.9%$844.92
159,200 at 4.91%$845.88
159,200 at 4.92%$846.85
159,200 at 4.93%$847.82
159,200 at 4.94%$848.79
159,200 at 4.95%$849.76
159,200 at 4.96%$850.73
159,200 at 4.97%$851.70
159,200 at 4.98%$852.68
159,200 at 4.99%$853.65
159,200 at 5%$854.62
Interest Rate 30 Year
159,200 at 5.01%$855.59
159,200 at 5.02%$856.57
159,200 at 5.03%$857.54
159,200 at 5.04%$858.52
159,200 at 5.05%$859.49
159,200 at 5.06%$860.47
159,200 at 5.07%$861.44
159,200 at 5.08%$862.42
159,200 at 5.09%$863.40
159,200 at 5.1%$864.38
159,200 at 5.11%$865.35
159,200 at 5.12%$866.33
159,200 at 5.13%$867.31
159,200 at 5.14%$868.29
159,200 at 5.15%$869.27
159,200 at 5.16%$870.25
159,200 at 5.17%$871.24
159,200 at 5.18%$872.22
159,200 at 5.19%$873.20
159,200 at 5.2%$874.18
159,200 at 5.21%$875.17
159,200 at 5.22%$876.15
159,200 at 5.23%$877.14
159,200 at 5.24%$878.12
159,200 at 5.25%$879.11
159,200 at 5.26%$880.09
159,200 at 5.27%$881.08
159,200 at 5.28%$882.07
159,200 at 5.29%$883.06
159,200 at 5.3%$884.05
159,200 at 5.31%$885.03
159,200 at 5.32%$886.02
159,200 at 5.33%$887.01
159,200 at 5.34%$888.00
159,200 at 5.35%$888.99
159,200 at 5.36%$889.99
159,200 at 5.37%$890.98
159,200 at 5.38%$891.97
159,200 at 5.39%$892.96
159,200 at 5.4%$893.96
159,200 at 5.41%$894.95
159,200 at 5.42%$895.95
159,200 at 5.43%$896.94
159,200 at 5.44%$897.94
159,200 at 5.45%$898.93
159,200 at 5.46%$899.93
159,200 at 5.47%$900.93
159,200 at 5.48%$901.92
159,200 at 5.49%$902.92
159,200 at 5.5%$903.92
159,200 at 5.51%$904.92
159,200 at 5.52%$905.92
159,200 at 5.53%$906.92
159,200 at 5.54%$907.92
159,200 at 5.55%$908.92
159,200 at 5.56%$909.92
159,200 at 5.57%$910.92
159,200 at 5.58%$911.93
159,200 at 5.59%$912.93
159,200 at 5.6%$913.93
159,200 at 5.61%$914.94
159,200 at 5.62%$915.94
159,200 at 5.63%$916.95
159,200 at 5.64%$917.95
159,200 at 5.65%$918.96
159,200 at 5.66%$919.97
159,200 at 5.67%$920.97
159,200 at 5.68%$921.98
159,200 at 5.69%$922.99
159,200 at 5.7%$924.00
159,200 at 5.71%$925.01
159,200 at 5.72%$926.02
159,200 at 5.73%$927.03
159,200 at 5.74%$928.04
159,200 at 5.75%$929.05
159,200 at 5.76%$930.06
159,200 at 5.77%$931.07
159,200 at 5.78%$932.08
159,200 at 5.79%$933.10
159,200 at 5.8%$934.11
159,200 at 5.81%$935.12
159,200 at 5.82%$936.14
159,200 at 5.83%$937.15
159,200 at 5.84%$938.17
159,200 at 5.85%$939.19
159,200 at 5.86%$940.20
159,200 at 5.87%$941.22
159,200 at 5.88%$942.24
159,200 at 5.89%$943.25
159,200 at 5.9%$944.27
159,200 at 5.91%$945.29
159,200 at 5.92%$946.31
159,200 at 5.93%$947.33
159,200 at 5.94%$948.35
159,200 at 5.95%$949.37
159,200 at 5.96%$950.39
159,200 at 5.97%$951.42
159,200 at 5.98%$952.44
159,200 at 5.99%$953.46
159,200 at 6%$954.48
159,200 at 6.01%$955.51
159,200 at 6.02%$956.53
159,200 at 6.03%$957.56
159,200 at 6.04%$958.58
159,200 at 6.05%$959.61
159,200 at 6.06%$960.63
159,200 at 6.07%$961.66
159,200 at 6.08%$962.69
159,200 at 6.09%$963.72
159,200 at 6.1%$964.74
159,200 at 6.11%$965.77
159,200 at 6.12%$966.80
159,200 at 6.13%$967.83
159,200 at 6.14%$968.86
159,200 at 6.15%$969.89
159,200 at 6.16%$970.92
159,200 at 6.17%$971.95
159,200 at 6.18%$972.99
159,200 at 6.19%$974.02
159,200 at 6.2%$975.05
159,200 at 6.21%$976.08
159,200 at 6.22%$977.12
159,200 at 6.23%$978.15
159,200 at 6.24%$979.19
159,200 at 6.25%$980.22
159,200 at 6.26%$981.26
159,200 at 6.27%$982.29
159,200 at 6.28%$983.33
159,200 at 6.29%$984.37
159,200 at 6.3%$985.40
159,200 at 6.31%$986.44
159,200 at 6.32%$987.48
159,200 at 6.33%$988.52
159,200 at 6.34%$989.56
159,200 at 6.35%$990.60
159,200 at 6.36%$991.64
159,200 at 6.37%$992.68
159,200 at 6.38%$993.72
159,200 at 6.39%$994.76
159,200 at 6.4%$995.81
159,200 at 6.41%$996.85
159,200 at 6.42%$997.89
159,200 at 6.43%$998.93
159,200 at 6.44%$999.98
159,200 at 6.45%$1,001.02
159,200 at 6.46%$1,002.07
159,200 at 6.47%$1,003.11
159,200 at 6.48%$1,004.16
159,200 at 6.49%$1,005.21
159,200 at 6.5%$1,006.25
Interest Rate 30 Year
159,200 at 6.51%$1,007.30
159,200 at 6.52%$1,008.35
159,200 at 6.53%$1,009.40
159,200 at 6.54%$1,010.44
159,200 at 6.55%$1,011.49
159,200 at 6.56%$1,012.54
159,200 at 6.57%$1,013.59
159,200 at 6.58%$1,014.64
159,200 at 6.59%$1,015.69
159,200 at 6.6%$1,016.74
159,200 at 6.61%$1,017.80
159,200 at 6.62%$1,018.85
159,200 at 6.63%$1,019.90
159,200 at 6.64%$1,020.95
159,200 at 6.65%$1,022.01
159,200 at 6.66%$1,023.06
159,200 at 6.67%$1,024.12
159,200 at 6.68%$1,025.17
159,200 at 6.69%$1,026.23
159,200 at 6.7%$1,027.28
159,200 at 6.71%$1,028.34
159,200 at 6.72%$1,029.40
159,200 at 6.73%$1,030.45
159,200 at 6.74%$1,031.51
159,200 at 6.75%$1,032.57
159,200 at 6.76%$1,033.63
159,200 at 6.77%$1,034.69
159,200 at 6.78%$1,035.74
159,200 at 6.79%$1,036.80
159,200 at 6.8%$1,037.86
159,200 at 6.81%$1,038.93
159,200 at 6.82%$1,039.99
159,200 at 6.83%$1,041.05
159,200 at 6.84%$1,042.11
159,200 at 6.85%$1,043.17
159,200 at 6.86%$1,044.24
159,200 at 6.87%$1,045.30
159,200 at 6.88%$1,046.36
159,200 at 6.89%$1,047.43
159,200 at 6.9%$1,048.49
159,200 at 6.91%$1,049.56
159,200 at 6.92%$1,050.62
159,200 at 6.93%$1,051.69
159,200 at 6.94%$1,052.75
159,200 at 6.95%$1,053.82
159,200 at 6.96%$1,054.89
159,200 at 6.97%$1,055.96
159,200 at 6.98%$1,057.02
159,200 at 6.99%$1,058.09
159,200 at 7%$1,059.16
159,200 at 7.01%$1,060.23
159,200 at 7.02%$1,061.30
159,200 at 7.03%$1,062.37
159,200 at 7.04%$1,063.44
159,200 at 7.05%$1,064.51
159,200 at 7.06%$1,065.58
159,200 at 7.07%$1,066.66
159,200 at 7.08%$1,067.73
159,200 at 7.09%$1,068.80
159,200 at 7.1%$1,069.87
159,200 at 7.11%$1,070.95
159,200 at 7.12%$1,072.02
159,200 at 7.13%$1,073.10
159,200 at 7.14%$1,074.17
159,200 at 7.15%$1,075.25
159,200 at 7.16%$1,076.32
159,200 at 7.17%$1,077.40
159,200 at 7.18%$1,078.48
159,200 at 7.19%$1,079.55
159,200 at 7.2%$1,080.63
159,200 at 7.21%$1,081.71
159,200 at 7.22%$1,082.79
159,200 at 7.23%$1,083.87
159,200 at 7.24%$1,084.95
159,200 at 7.25%$1,086.02
159,200 at 7.26%$1,087.10
159,200 at 7.27%$1,088.19
159,200 at 7.28%$1,089.27
159,200 at 7.29%$1,090.35
159,200 at 7.3%$1,091.43
159,200 at 7.31%$1,092.51
159,200 at 7.32%$1,093.59
159,200 at 7.33%$1,094.68
159,200 at 7.34%$1,095.76
159,200 at 7.35%$1,096.84
159,200 at 7.36%$1,097.93
159,200 at 7.37%$1,099.01
159,200 at 7.38%$1,100.10
159,200 at 7.39%$1,101.18
159,200 at 7.4%$1,102.27
159,200 at 7.41%$1,103.35
159,200 at 7.42%$1,104.44
159,200 at 7.43%$1,105.53
159,200 at 7.44%$1,106.62
159,200 at 7.45%$1,107.70
159,200 at 7.46%$1,108.79
159,200 at 7.47%$1,109.88
159,200 at 7.48%$1,110.97
159,200 at 7.49%$1,112.06
159,200 at 7.5%$1,113.15
159,200 at 7.51%$1,114.24
159,200 at 7.52%$1,115.33
159,200 at 7.53%$1,116.42
159,200 at 7.54%$1,117.51
159,200 at 7.55%$1,118.61
159,200 at 7.56%$1,119.70
159,200 at 7.57%$1,120.79
159,200 at 7.58%$1,121.88
159,200 at 7.59%$1,122.98
159,200 at 7.6%$1,124.07
159,200 at 7.61%$1,125.17
159,200 at 7.62%$1,126.26
159,200 at 7.63%$1,127.36
159,200 at 7.64%$1,128.45
159,200 at 7.65%$1,129.55
159,200 at 7.66%$1,130.64
159,200 at 7.67%$1,131.74
159,200 at 7.68%$1,132.84
159,200 at 7.69%$1,133.93
159,200 at 7.7%$1,135.03
159,200 at 7.71%$1,136.13
159,200 at 7.72%$1,137.23
159,200 at 7.73%$1,138.33
159,200 at 7.74%$1,139.43
159,200 at 7.75%$1,140.53
159,200 at 7.76%$1,141.63
159,200 at 7.77%$1,142.73
159,200 at 7.78%$1,143.83
159,200 at 7.79%$1,144.93
159,200 at 7.8%$1,146.03
159,200 at 7.81%$1,147.14
159,200 at 7.82%$1,148.24
159,200 at 7.83%$1,149.34
159,200 at 7.84%$1,150.45
159,200 at 7.85%$1,151.55
159,200 at 7.86%$1,152.65
159,200 at 7.87%$1,153.76
159,200 at 7.88%$1,154.86
159,200 at 7.89%$1,155.97
159,200 at 7.9%$1,157.07
159,200 at 7.91%$1,158.18
159,200 at 7.92%$1,159.29
159,200 at 7.93%$1,160.39
159,200 at 7.94%$1,161.50
159,200 at 7.95%$1,162.61
159,200 at 7.96%$1,163.72
159,200 at 7.97%$1,164.83
159,200 at 7.98%$1,165.93
159,200 at 7.99%$1,167.04
159,200 at 8%$1,168.15
More Amounts
What is the down payment for a $159,200 house? How much do you need to put down?
Percent Down Down Payment
1%1,592
2%3,184
3%4,776
4%6,368
5%7,960
6%9,552
7%11,144
8%12,736
9%14,328
10%15,920
11%17,512
12%19,104
13%20,696
14%22,288
15%23,880
16%25,472
17%27,064
18%28,656
19%30,248
20%31,840
Percent Down Down Payment
21%33,432
22%35,024
23%36,616
24%38,208
25%39,800
26%41,392
27%42,984
28%44,576
29%46,168
30%47,760
31%49,352
32%50,944
33%52,536
34%54,128
35%55,720
36%57,312
37%58,904
38%60,496
39%62,088
40%63,680
Percent Down Down Payment
41%65,272
42%66,864
43%68,456
44%70,048
45%71,640
46%73,232
47%74,824
48%76,416
49%78,008
50%79,600
51%81,192
52%82,784
53%84,376
54%85,968
55%87,560
56%89,152
57%90,744
58%92,336
59%93,928
60%95,520
Percent Down Down Payment
61%97,112
62%98,704
63%100,296
64%101,888
65%103,480
66%105,072
67%106,664
68%108,256
69%109,848
70%111,440
71%113,032
72%114,624
73%116,216
74%117,808
75%119,400
76%120,992
77%122,584
78%124,176
79%125,768
80%127,360
Percent Down Down Payment
81%128,952
82%130,544
83%132,136
84%133,728
85%135,320
86%136,912
87%138,504
88%140,096
89%141,688
90%143,280
91%144,872
92%146,464
93%148,056
94%149,648
95%151,240
96%152,832
97%154,424
98%156,016
99%157,608
100%159,200
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.