$159,600 Mortgage for 30 Years

What is the monthly payment of a 159,600 dollar loan?
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Loan Tables for a $159,600 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 160k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $159,600 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
159,600 at 2.01%$590.71
159,600 at 2.02%$591.51
159,600 at 2.03%$592.31
159,600 at 2.04%$593.11
159,600 at 2.05%$593.91
159,600 at 2.06%$594.71
159,600 at 2.07%$595.52
159,600 at 2.08%$596.32
159,600 at 2.09%$597.12
159,600 at 2.1%$597.93
159,600 at 2.11%$598.73
159,600 at 2.12%$599.54
159,600 at 2.13%$600.34
159,600 at 2.14%$601.15
159,600 at 2.15%$601.96
159,600 at 2.16%$602.76
159,600 at 2.17%$603.57
159,600 at 2.18%$604.38
159,600 at 2.19%$605.19
159,600 at 2.2%$606.00
159,600 at 2.21%$606.81
159,600 at 2.22%$607.63
159,600 at 2.23%$608.44
159,600 at 2.24%$609.25
159,600 at 2.25%$610.06
159,600 at 2.26%$610.88
159,600 at 2.27%$611.69
159,600 at 2.28%$612.51
159,600 at 2.29%$613.33
159,600 at 2.3%$614.14
159,600 at 2.31%$614.96
159,600 at 2.32%$615.78
159,600 at 2.33%$616.60
159,600 at 2.34%$617.42
159,600 at 2.35%$618.24
159,600 at 2.36%$619.06
159,600 at 2.37%$619.88
159,600 at 2.38%$620.70
159,600 at 2.39%$621.52
159,600 at 2.4%$622.35
159,600 at 2.41%$623.17
159,600 at 2.42%$623.99
159,600 at 2.43%$624.82
159,600 at 2.44%$625.65
159,600 at 2.45%$626.47
159,600 at 2.46%$627.30
159,600 at 2.47%$628.13
159,600 at 2.48%$628.95
159,600 at 2.49%$629.78
159,600 at 2.5%$630.61
159,600 at 2.51%$631.44
159,600 at 2.52%$632.27
159,600 at 2.53%$633.11
159,600 at 2.54%$633.94
159,600 at 2.55%$634.77
159,600 at 2.56%$635.60
159,600 at 2.57%$636.44
159,600 at 2.58%$637.27
159,600 at 2.59%$638.11
159,600 at 2.6%$638.94
159,600 at 2.61%$639.78
159,600 at 2.62%$640.62
159,600 at 2.63%$641.45
159,600 at 2.64%$642.29
159,600 at 2.65%$643.13
159,600 at 2.66%$643.97
159,600 at 2.67%$644.81
159,600 at 2.68%$645.65
159,600 at 2.69%$646.49
159,600 at 2.7%$647.33
159,600 at 2.71%$648.18
159,600 at 2.72%$649.02
159,600 at 2.73%$649.86
159,600 at 2.74%$650.71
159,600 at 2.75%$651.55
159,600 at 2.76%$652.40
159,600 at 2.77%$653.24
159,600 at 2.78%$654.09
159,600 at 2.79%$654.94
159,600 at 2.8%$655.79
159,600 at 2.81%$656.64
159,600 at 2.82%$657.49
159,600 at 2.83%$658.34
159,600 at 2.84%$659.19
159,600 at 2.85%$660.04
159,600 at 2.86%$660.89
159,600 at 2.87%$661.74
159,600 at 2.88%$662.60
159,600 at 2.89%$663.45
159,600 at 2.9%$664.30
159,600 at 2.91%$665.16
159,600 at 2.92%$666.01
159,600 at 2.93%$666.87
159,600 at 2.94%$667.73
159,600 at 2.95%$668.58
159,600 at 2.96%$669.44
159,600 at 2.97%$670.30
159,600 at 2.98%$671.16
159,600 at 2.99%$672.02
159,600 at 3%$672.88
159,600 at 3.01%$673.74
159,600 at 3.02%$674.60
159,600 at 3.03%$675.47
159,600 at 3.04%$676.33
159,600 at 3.05%$677.19
159,600 at 3.06%$678.06
159,600 at 3.07%$678.92
159,600 at 3.08%$679.79
159,600 at 3.09%$680.65
159,600 at 3.1%$681.52
159,600 at 3.11%$682.39
159,600 at 3.12%$683.25
159,600 at 3.13%$684.12
159,600 at 3.14%$684.99
159,600 at 3.15%$685.86
159,600 at 3.16%$686.73
159,600 at 3.17%$687.60
159,600 at 3.18%$688.47
159,600 at 3.19%$689.34
159,600 at 3.2%$690.22
159,600 at 3.21%$691.09
159,600 at 3.22%$691.96
159,600 at 3.23%$692.84
159,600 at 3.24%$693.71
159,600 at 3.25%$694.59
159,600 at 3.26%$695.47
159,600 at 3.27%$696.34
159,600 at 3.28%$697.22
159,600 at 3.29%$698.10
159,600 at 3.3%$698.98
159,600 at 3.31%$699.86
159,600 at 3.32%$700.74
159,600 at 3.33%$701.62
159,600 at 3.34%$702.50
159,600 at 3.35%$703.38
159,600 at 3.36%$704.26
159,600 at 3.37%$705.14
159,600 at 3.38%$706.03
159,600 at 3.39%$706.91
159,600 at 3.4%$707.80
159,600 at 3.41%$708.68
159,600 at 3.42%$709.57
159,600 at 3.43%$710.45
159,600 at 3.44%$711.34
159,600 at 3.45%$712.23
159,600 at 3.46%$713.12
159,600 at 3.47%$714.01
159,600 at 3.48%$714.89
159,600 at 3.49%$715.78
159,600 at 3.5%$716.68
Interest Rate 30 Year
159,600 at 3.51%$717.57
159,600 at 3.52%$718.46
159,600 at 3.53%$719.35
159,600 at 3.54%$720.24
159,600 at 3.55%$721.14
159,600 at 3.56%$722.03
159,600 at 3.57%$722.93
159,600 at 3.58%$723.82
159,600 at 3.59%$724.72
159,600 at 3.6%$725.61
159,600 at 3.61%$726.51
159,600 at 3.62%$727.41
159,600 at 3.63%$728.31
159,600 at 3.64%$729.21
159,600 at 3.65%$730.11
159,600 at 3.66%$731.01
159,600 at 3.67%$731.91
159,600 at 3.68%$732.81
159,600 at 3.69%$733.71
159,600 at 3.7%$734.61
159,600 at 3.71%$735.51
159,600 at 3.72%$736.42
159,600 at 3.73%$737.32
159,600 at 3.74%$738.23
159,600 at 3.75%$739.13
159,600 at 3.76%$740.04
159,600 at 3.77%$740.94
159,600 at 3.78%$741.85
159,600 at 3.79%$742.76
159,600 at 3.8%$743.67
159,600 at 3.81%$744.58
159,600 at 3.82%$745.49
159,600 at 3.83%$746.40
159,600 at 3.84%$747.31
159,600 at 3.85%$748.22
159,600 at 3.86%$749.13
159,600 at 3.87%$750.04
159,600 at 3.88%$750.95
159,600 at 3.89%$751.87
159,600 at 3.9%$752.78
159,600 at 3.91%$753.70
159,600 at 3.92%$754.61
159,600 at 3.93%$755.53
159,600 at 3.94%$756.44
159,600 at 3.95%$757.36
159,600 at 3.96%$758.28
159,600 at 3.97%$759.20
159,600 at 3.98%$760.12
159,600 at 3.99%$761.03
159,600 at 4%$761.95
159,600 at 4.01%$762.88
159,600 at 4.02%$763.80
159,600 at 4.03%$764.72
159,600 at 4.04%$765.64
159,600 at 4.05%$766.56
159,600 at 4.06%$767.49
159,600 at 4.07%$768.41
159,600 at 4.08%$769.33
159,600 at 4.09%$770.26
159,600 at 4.1%$771.18
159,600 at 4.11%$772.11
159,600 at 4.12%$773.04
159,600 at 4.13%$773.96
159,600 at 4.14%$774.89
159,600 at 4.15%$775.82
159,600 at 4.16%$776.75
159,600 at 4.17%$777.68
159,600 at 4.18%$778.61
159,600 at 4.19%$779.54
159,600 at 4.2%$780.47
159,600 at 4.21%$781.40
159,600 at 4.22%$782.34
159,600 at 4.23%$783.27
159,600 at 4.24%$784.20
159,600 at 4.25%$785.14
159,600 at 4.26%$786.07
159,600 at 4.27%$787.01
159,600 at 4.28%$787.94
159,600 at 4.29%$788.88
159,600 at 4.3%$789.81
159,600 at 4.31%$790.75
159,600 at 4.32%$791.69
159,600 at 4.33%$792.63
159,600 at 4.34%$793.57
159,600 at 4.35%$794.51
159,600 at 4.36%$795.45
159,600 at 4.37%$796.39
159,600 at 4.38%$797.33
159,600 at 4.39%$798.27
159,600 at 4.4%$799.21
159,600 at 4.41%$800.16
159,600 at 4.42%$801.10
159,600 at 4.43%$802.05
159,600 at 4.44%$802.99
159,600 at 4.45%$803.94
159,600 at 4.46%$804.88
159,600 at 4.47%$805.83
159,600 at 4.48%$806.77
159,600 at 4.49%$807.72
159,600 at 4.5%$808.67
159,600 at 4.51%$809.62
159,600 at 4.52%$810.57
159,600 at 4.53%$811.52
159,600 at 4.54%$812.47
159,600 at 4.55%$813.42
159,600 at 4.56%$814.37
159,600 at 4.57%$815.32
159,600 at 4.58%$816.27
159,600 at 4.59%$817.23
159,600 at 4.6%$818.18
159,600 at 4.61%$819.13
159,600 at 4.62%$820.09
159,600 at 4.63%$821.04
159,600 at 4.64%$822.00
159,600 at 4.65%$822.96
159,600 at 4.66%$823.91
159,600 at 4.67%$824.87
159,600 at 4.68%$825.83
159,600 at 4.69%$826.79
159,600 at 4.7%$827.75
159,600 at 4.71%$828.71
159,600 at 4.72%$829.67
159,600 at 4.73%$830.63
159,600 at 4.74%$831.59
159,600 at 4.75%$832.55
159,600 at 4.76%$833.51
159,600 at 4.77%$834.47
159,600 at 4.78%$835.44
159,600 at 4.79%$836.40
159,600 at 4.8%$837.37
159,600 at 4.81%$838.33
159,600 at 4.82%$839.30
159,600 at 4.83%$840.26
159,600 at 4.84%$841.23
159,600 at 4.85%$842.20
159,600 at 4.86%$843.16
159,600 at 4.87%$844.13
159,600 at 4.88%$845.10
159,600 at 4.89%$846.07
159,600 at 4.9%$847.04
159,600 at 4.91%$848.01
159,600 at 4.92%$848.98
159,600 at 4.93%$849.95
159,600 at 4.94%$850.92
159,600 at 4.95%$851.90
159,600 at 4.96%$852.87
159,600 at 4.97%$853.84
159,600 at 4.98%$854.82
159,600 at 4.99%$855.79
159,600 at 5%$856.77
Interest Rate 30 Year
159,600 at 5.01%$857.74
159,600 at 5.02%$858.72
159,600 at 5.03%$859.70
159,600 at 5.04%$860.67
159,600 at 5.05%$861.65
159,600 at 5.06%$862.63
159,600 at 5.07%$863.61
159,600 at 5.08%$864.59
159,600 at 5.09%$865.57
159,600 at 5.1%$866.55
159,600 at 5.11%$867.53
159,600 at 5.12%$868.51
159,600 at 5.13%$869.49
159,600 at 5.14%$870.47
159,600 at 5.15%$871.46
159,600 at 5.16%$872.44
159,600 at 5.17%$873.43
159,600 at 5.18%$874.41
159,600 at 5.19%$875.40
159,600 at 5.2%$876.38
159,600 at 5.21%$877.37
159,600 at 5.22%$878.35
159,600 at 5.23%$879.34
159,600 at 5.24%$880.33
159,600 at 5.25%$881.32
159,600 at 5.26%$882.31
159,600 at 5.27%$883.30
159,600 at 5.28%$884.29
159,600 at 5.29%$885.28
159,600 at 5.3%$886.27
159,600 at 5.31%$887.26
159,600 at 5.32%$888.25
159,600 at 5.33%$889.24
159,600 at 5.34%$890.23
159,600 at 5.35%$891.23
159,600 at 5.36%$892.22
159,600 at 5.37%$893.22
159,600 at 5.38%$894.21
159,600 at 5.39%$895.21
159,600 at 5.4%$896.20
159,600 at 5.41%$897.20
159,600 at 5.42%$898.20
159,600 at 5.43%$899.19
159,600 at 5.44%$900.19
159,600 at 5.45%$901.19
159,600 at 5.46%$902.19
159,600 at 5.47%$903.19
159,600 at 5.48%$904.19
159,600 at 5.49%$905.19
159,600 at 5.5%$906.19
159,600 at 5.51%$907.19
159,600 at 5.52%$908.19
159,600 at 5.53%$909.20
159,600 at 5.54%$910.20
159,600 at 5.55%$911.20
159,600 at 5.56%$912.21
159,600 at 5.57%$913.21
159,600 at 5.58%$914.22
159,600 at 5.59%$915.22
159,600 at 5.6%$916.23
159,600 at 5.61%$917.24
159,600 at 5.62%$918.24
159,600 at 5.63%$919.25
159,600 at 5.64%$920.26
159,600 at 5.65%$921.27
159,600 at 5.66%$922.28
159,600 at 5.67%$923.29
159,600 at 5.68%$924.30
159,600 at 5.69%$925.31
159,600 at 5.7%$926.32
159,600 at 5.71%$927.33
159,600 at 5.72%$928.34
159,600 at 5.73%$929.36
159,600 at 5.74%$930.37
159,600 at 5.75%$931.38
159,600 at 5.76%$932.40
159,600 at 5.77%$933.41
159,600 at 5.78%$934.43
159,600 at 5.79%$935.44
159,600 at 5.8%$936.46
159,600 at 5.81%$937.47
159,600 at 5.82%$938.49
159,600 at 5.83%$939.51
159,600 at 5.84%$940.53
159,600 at 5.85%$941.55
159,600 at 5.86%$942.56
159,600 at 5.87%$943.58
159,600 at 5.88%$944.60
159,600 at 5.89%$945.62
159,600 at 5.9%$946.65
159,600 at 5.91%$947.67
159,600 at 5.92%$948.69
159,600 at 5.93%$949.71
159,600 at 5.94%$950.73
159,600 at 5.95%$951.76
159,600 at 5.96%$952.78
159,600 at 5.97%$953.81
159,600 at 5.98%$954.83
159,600 at 5.99%$955.86
159,600 at 6%$956.88
159,600 at 6.01%$957.91
159,600 at 6.02%$958.94
159,600 at 6.03%$959.96
159,600 at 6.04%$960.99
159,600 at 6.05%$962.02
159,600 at 6.06%$963.05
159,600 at 6.07%$964.08
159,600 at 6.08%$965.11
159,600 at 6.09%$966.14
159,600 at 6.1%$967.17
159,600 at 6.11%$968.20
159,600 at 6.12%$969.23
159,600 at 6.13%$970.26
159,600 at 6.14%$971.30
159,600 at 6.15%$972.33
159,600 at 6.16%$973.36
159,600 at 6.17%$974.40
159,600 at 6.18%$975.43
159,600 at 6.19%$976.47
159,600 at 6.2%$977.50
159,600 at 6.21%$978.54
159,600 at 6.22%$979.57
159,600 at 6.23%$980.61
159,600 at 6.24%$981.65
159,600 at 6.25%$982.68
159,600 at 6.26%$983.72
159,600 at 6.27%$984.76
159,600 at 6.28%$985.80
159,600 at 6.29%$986.84
159,600 at 6.3%$987.88
159,600 at 6.31%$988.92
159,600 at 6.32%$989.96
159,600 at 6.33%$991.00
159,600 at 6.34%$992.05
159,600 at 6.35%$993.09
159,600 at 6.36%$994.13
159,600 at 6.37%$995.17
159,600 at 6.38%$996.22
159,600 at 6.39%$997.26
159,600 at 6.4%$998.31
159,600 at 6.41%$999.35
159,600 at 6.42%$1,000.40
159,600 at 6.43%$1,001.44
159,600 at 6.44%$1,002.49
159,600 at 6.45%$1,003.54
159,600 at 6.46%$1,004.59
159,600 at 6.47%$1,005.63
159,600 at 6.48%$1,006.68
159,600 at 6.49%$1,007.73
159,600 at 6.5%$1,008.78
Interest Rate 30 Year
159,600 at 6.51%$1,009.83
159,600 at 6.52%$1,010.88
159,600 at 6.53%$1,011.93
159,600 at 6.54%$1,012.98
159,600 at 6.55%$1,014.03
159,600 at 6.56%$1,015.09
159,600 at 6.57%$1,016.14
159,600 at 6.58%$1,017.19
159,600 at 6.59%$1,018.25
159,600 at 6.6%$1,019.30
159,600 at 6.61%$1,020.35
159,600 at 6.62%$1,021.41
159,600 at 6.63%$1,022.46
159,600 at 6.64%$1,023.52
159,600 at 6.65%$1,024.58
159,600 at 6.66%$1,025.63
159,600 at 6.67%$1,026.69
159,600 at 6.68%$1,027.75
159,600 at 6.69%$1,028.81
159,600 at 6.7%$1,029.86
159,600 at 6.71%$1,030.92
159,600 at 6.72%$1,031.98
159,600 at 6.73%$1,033.04
159,600 at 6.74%$1,034.10
159,600 at 6.75%$1,035.16
159,600 at 6.76%$1,036.22
159,600 at 6.77%$1,037.29
159,600 at 6.78%$1,038.35
159,600 at 6.79%$1,039.41
159,600 at 6.8%$1,040.47
159,600 at 6.81%$1,041.54
159,600 at 6.82%$1,042.60
159,600 at 6.83%$1,043.66
159,600 at 6.84%$1,044.73
159,600 at 6.85%$1,045.79
159,600 at 6.86%$1,046.86
159,600 at 6.87%$1,047.93
159,600 at 6.88%$1,048.99
159,600 at 6.89%$1,050.06
159,600 at 6.9%$1,051.13
159,600 at 6.91%$1,052.19
159,600 at 6.92%$1,053.26
159,600 at 6.93%$1,054.33
159,600 at 6.94%$1,055.40
159,600 at 6.95%$1,056.47
159,600 at 6.96%$1,057.54
159,600 at 6.97%$1,058.61
159,600 at 6.98%$1,059.68
159,600 at 6.99%$1,060.75
159,600 at 7%$1,061.82
159,600 at 7.01%$1,062.89
159,600 at 7.02%$1,063.97
159,600 at 7.03%$1,065.04
159,600 at 7.04%$1,066.11
159,600 at 7.05%$1,067.19
159,600 at 7.06%$1,068.26
159,600 at 7.07%$1,069.34
159,600 at 7.08%$1,070.41
159,600 at 7.09%$1,071.49
159,600 at 7.1%$1,072.56
159,600 at 7.11%$1,073.64
159,600 at 7.12%$1,074.72
159,600 at 7.13%$1,075.79
159,600 at 7.14%$1,076.87
159,600 at 7.15%$1,077.95
159,600 at 7.16%$1,079.03
159,600 at 7.17%$1,080.11
159,600 at 7.18%$1,081.19
159,600 at 7.19%$1,082.27
159,600 at 7.2%$1,083.35
159,600 at 7.21%$1,084.43
159,600 at 7.22%$1,085.51
159,600 at 7.23%$1,086.59
159,600 at 7.24%$1,087.67
159,600 at 7.25%$1,088.75
159,600 at 7.26%$1,089.84
159,600 at 7.27%$1,090.92
159,600 at 7.28%$1,092.00
159,600 at 7.29%$1,093.09
159,600 at 7.3%$1,094.17
159,600 at 7.31%$1,095.26
159,600 at 7.32%$1,096.34
159,600 at 7.33%$1,097.43
159,600 at 7.34%$1,098.51
159,600 at 7.35%$1,099.60
159,600 at 7.36%$1,100.69
159,600 at 7.37%$1,101.77
159,600 at 7.38%$1,102.86
159,600 at 7.39%$1,103.95
159,600 at 7.4%$1,105.04
159,600 at 7.41%$1,106.13
159,600 at 7.42%$1,107.22
159,600 at 7.43%$1,108.31
159,600 at 7.44%$1,109.40
159,600 at 7.45%$1,110.49
159,600 at 7.46%$1,111.58
159,600 at 7.47%$1,112.67
159,600 at 7.48%$1,113.76
159,600 at 7.49%$1,114.85
159,600 at 7.5%$1,115.95
159,600 at 7.51%$1,117.04
159,600 at 7.52%$1,118.13
159,600 at 7.53%$1,119.23
159,600 at 7.54%$1,120.32
159,600 at 7.55%$1,121.42
159,600 at 7.56%$1,122.51
159,600 at 7.57%$1,123.61
159,600 at 7.58%$1,124.70
159,600 at 7.59%$1,125.80
159,600 at 7.6%$1,126.90
159,600 at 7.61%$1,127.99
159,600 at 7.62%$1,129.09
159,600 at 7.63%$1,130.19
159,600 at 7.64%$1,131.29
159,600 at 7.65%$1,132.38
159,600 at 7.66%$1,133.48
159,600 at 7.67%$1,134.58
159,600 at 7.68%$1,135.68
159,600 at 7.69%$1,136.78
159,600 at 7.7%$1,137.88
159,600 at 7.71%$1,138.99
159,600 at 7.72%$1,140.09
159,600 at 7.73%$1,141.19
159,600 at 7.74%$1,142.29
159,600 at 7.75%$1,143.39
159,600 at 7.76%$1,144.50
159,600 at 7.77%$1,145.60
159,600 at 7.78%$1,146.70
159,600 at 7.79%$1,147.81
159,600 at 7.8%$1,148.91
159,600 at 7.81%$1,150.02
159,600 at 7.82%$1,151.12
159,600 at 7.83%$1,152.23
159,600 at 7.84%$1,153.34
159,600 at 7.85%$1,154.44
159,600 at 7.86%$1,155.55
159,600 at 7.87%$1,156.66
159,600 at 7.88%$1,157.76
159,600 at 7.89%$1,158.87
159,600 at 7.9%$1,159.98
159,600 at 7.91%$1,161.09
159,600 at 7.92%$1,162.20
159,600 at 7.93%$1,163.31
159,600 at 7.94%$1,164.42
159,600 at 7.95%$1,165.53
159,600 at 7.96%$1,166.64
159,600 at 7.97%$1,167.75
159,600 at 7.98%$1,168.86
159,600 at 7.99%$1,169.98
159,600 at 8%$1,171.09
More Amounts
What is the down payment for a $159,600 house? How much do you need to put down?
Percent Down Down Payment
1%1,596
2%3,192
3%4,788
4%6,384
5%7,980
6%9,576
7%11,172
8%12,768
9%14,364
10%15,960
11%17,556
12%19,152
13%20,748
14%22,344
15%23,940
16%25,536
17%27,132
18%28,728
19%30,324
20%31,920
Percent Down Down Payment
21%33,516
22%35,112
23%36,708
24%38,304
25%39,900
26%41,496
27%43,092
28%44,688
29%46,284
30%47,880
31%49,476
32%51,072
33%52,668
34%54,264
35%55,860
36%57,456
37%59,052
38%60,648
39%62,244
40%63,840
Percent Down Down Payment
41%65,436
42%67,032
43%68,628
44%70,224
45%71,820
46%73,416
47%75,012
48%76,608
49%78,204
50%79,800
51%81,396
52%82,992
53%84,588
54%86,184
55%87,780
56%89,376
57%90,972
58%92,568
59%94,164
60%95,760
Percent Down Down Payment
61%97,356
62%98,952
63%100,548
64%102,144
65%103,740
66%105,336
67%106,932
68%108,528
69%110,124
70%111,720
71%113,316
72%114,912
73%116,508
74%118,104
75%119,700
76%121,296
77%122,892
78%124,488
79%126,084
80%127,680
Percent Down Down Payment
81%129,276
82%130,872
83%132,468
84%134,064
85%135,660
86%137,256
87%138,852
88%140,448
89%142,044
90%143,640
91%145,236
92%146,832
93%148,428
94%150,024
95%151,620
96%153,216
97%154,812
98%156,408
99%158,004
100%159,600
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.