$159,650 Mortgage for 30 Years

What is the monthly payment of a 159,650 dollar loan?
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Loan Tables for a $159,650 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 $159,650 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
159,650 at 2.01%$590.90
159,650 at 2.02%$591.70
159,650 at 2.03%$592.50
159,650 at 2.04%$593.30
159,650 at 2.05%$594.10
159,650 at 2.06%$594.90
159,650 at 2.07%$595.70
159,650 at 2.08%$596.50
159,650 at 2.09%$597.31
159,650 at 2.1%$598.11
159,650 at 2.11%$598.92
159,650 at 2.12%$599.72
159,650 at 2.13%$600.53
159,650 at 2.14%$601.34
159,650 at 2.15%$602.14
159,650 at 2.16%$602.95
159,650 at 2.17%$603.76
159,650 at 2.18%$604.57
159,650 at 2.19%$605.38
159,650 at 2.2%$606.19
159,650 at 2.21%$607.00
159,650 at 2.22%$607.82
159,650 at 2.23%$608.63
159,650 at 2.24%$609.44
159,650 at 2.25%$610.26
159,650 at 2.26%$611.07
159,650 at 2.27%$611.89
159,650 at 2.28%$612.70
159,650 at 2.29%$613.52
159,650 at 2.3%$614.34
159,650 at 2.31%$615.15
159,650 at 2.32%$615.97
159,650 at 2.33%$616.79
159,650 at 2.34%$617.61
159,650 at 2.35%$618.43
159,650 at 2.36%$619.25
159,650 at 2.37%$620.07
159,650 at 2.38%$620.90
159,650 at 2.39%$621.72
159,650 at 2.4%$622.54
159,650 at 2.41%$623.37
159,650 at 2.42%$624.19
159,650 at 2.43%$625.02
159,650 at 2.44%$625.84
159,650 at 2.45%$626.67
159,650 at 2.46%$627.50
159,650 at 2.47%$628.32
159,650 at 2.48%$629.15
159,650 at 2.49%$629.98
159,650 at 2.5%$630.81
159,650 at 2.51%$631.64
159,650 at 2.52%$632.47
159,650 at 2.53%$633.30
159,650 at 2.54%$634.14
159,650 at 2.55%$634.97
159,650 at 2.56%$635.80
159,650 at 2.57%$636.64
159,650 at 2.58%$637.47
159,650 at 2.59%$638.31
159,650 at 2.6%$639.14
159,650 at 2.61%$639.98
159,650 at 2.62%$640.82
159,650 at 2.63%$641.65
159,650 at 2.64%$642.49
159,650 at 2.65%$643.33
159,650 at 2.66%$644.17
159,650 at 2.67%$645.01
159,650 at 2.68%$645.85
159,650 at 2.69%$646.69
159,650 at 2.7%$647.54
159,650 at 2.71%$648.38
159,650 at 2.72%$649.22
159,650 at 2.73%$650.07
159,650 at 2.74%$650.91
159,650 at 2.75%$651.76
159,650 at 2.76%$652.60
159,650 at 2.77%$653.45
159,650 at 2.78%$654.30
159,650 at 2.79%$655.14
159,650 at 2.8%$655.99
159,650 at 2.81%$656.84
159,650 at 2.82%$657.69
159,650 at 2.83%$658.54
159,650 at 2.84%$659.39
159,650 at 2.85%$660.24
159,650 at 2.86%$661.10
159,650 at 2.87%$661.95
159,650 at 2.88%$662.80
159,650 at 2.89%$663.66
159,650 at 2.9%$664.51
159,650 at 2.91%$665.37
159,650 at 2.92%$666.22
159,650 at 2.93%$667.08
159,650 at 2.94%$667.94
159,650 at 2.95%$668.79
159,650 at 2.96%$669.65
159,650 at 2.97%$670.51
159,650 at 2.98%$671.37
159,650 at 2.99%$672.23
159,650 at 3%$673.09
159,650 at 3.01%$673.95
159,650 at 3.02%$674.81
159,650 at 3.03%$675.68
159,650 at 3.04%$676.54
159,650 at 3.05%$677.40
159,650 at 3.06%$678.27
159,650 at 3.07%$679.13
159,650 at 3.08%$680.00
159,650 at 3.09%$680.86
159,650 at 3.1%$681.73
159,650 at 3.11%$682.60
159,650 at 3.12%$683.47
159,650 at 3.13%$684.34
159,650 at 3.14%$685.21
159,650 at 3.15%$686.07
159,650 at 3.16%$686.95
159,650 at 3.17%$687.82
159,650 at 3.18%$688.69
159,650 at 3.19%$689.56
159,650 at 3.2%$690.43
159,650 at 3.21%$691.31
159,650 at 3.22%$692.18
159,650 at 3.23%$693.06
159,650 at 3.24%$693.93
159,650 at 3.25%$694.81
159,650 at 3.26%$695.68
159,650 at 3.27%$696.56
159,650 at 3.28%$697.44
159,650 at 3.29%$698.32
159,650 at 3.3%$699.20
159,650 at 3.31%$700.08
159,650 at 3.32%$700.96
159,650 at 3.33%$701.84
159,650 at 3.34%$702.72
159,650 at 3.35%$703.60
159,650 at 3.36%$704.48
159,650 at 3.37%$705.36
159,650 at 3.38%$706.25
159,650 at 3.39%$707.13
159,650 at 3.4%$708.02
159,650 at 3.41%$708.90
159,650 at 3.42%$709.79
159,650 at 3.43%$710.68
159,650 at 3.44%$711.56
159,650 at 3.45%$712.45
159,650 at 3.46%$713.34
159,650 at 3.47%$714.23
159,650 at 3.48%$715.12
159,650 at 3.49%$716.01
159,650 at 3.5%$716.90
Interest Rate 30 Year
159,650 at 3.51%$717.79
159,650 at 3.52%$718.68
159,650 at 3.53%$719.58
159,650 at 3.54%$720.47
159,650 at 3.55%$721.36
159,650 at 3.56%$722.26
159,650 at 3.57%$723.15
159,650 at 3.58%$724.05
159,650 at 3.59%$724.94
159,650 at 3.6%$725.84
159,650 at 3.61%$726.74
159,650 at 3.62%$727.64
159,650 at 3.63%$728.54
159,650 at 3.64%$729.43
159,650 at 3.65%$730.33
159,650 at 3.66%$731.23
159,650 at 3.67%$732.14
159,650 at 3.68%$733.04
159,650 at 3.69%$733.94
159,650 at 3.7%$734.84
159,650 at 3.71%$735.75
159,650 at 3.72%$736.65
159,650 at 3.73%$737.55
159,650 at 3.74%$738.46
159,650 at 3.75%$739.36
159,650 at 3.76%$740.27
159,650 at 3.77%$741.18
159,650 at 3.78%$742.08
159,650 at 3.79%$742.99
159,650 at 3.8%$743.90
159,650 at 3.81%$744.81
159,650 at 3.82%$745.72
159,650 at 3.83%$746.63
159,650 at 3.84%$747.54
159,650 at 3.85%$748.45
159,650 at 3.86%$749.36
159,650 at 3.87%$750.28
159,650 at 3.88%$751.19
159,650 at 3.89%$752.10
159,650 at 3.9%$753.02
159,650 at 3.91%$753.93
159,650 at 3.92%$754.85
159,650 at 3.93%$755.76
159,650 at 3.94%$756.68
159,650 at 3.95%$757.60
159,650 at 3.96%$758.52
159,650 at 3.97%$759.43
159,650 at 3.98%$760.35
159,650 at 3.99%$761.27
159,650 at 4%$762.19
159,650 at 4.01%$763.11
159,650 at 4.02%$764.04
159,650 at 4.03%$764.96
159,650 at 4.04%$765.88
159,650 at 4.05%$766.80
159,650 at 4.06%$767.73
159,650 at 4.07%$768.65
159,650 at 4.08%$769.58
159,650 at 4.09%$770.50
159,650 at 4.1%$771.43
159,650 at 4.11%$772.35
159,650 at 4.12%$773.28
159,650 at 4.13%$774.21
159,650 at 4.14%$775.14
159,650 at 4.15%$776.06
159,650 at 4.16%$776.99
159,650 at 4.17%$777.92
159,650 at 4.18%$778.85
159,650 at 4.19%$779.78
159,650 at 4.2%$780.72
159,650 at 4.21%$781.65
159,650 at 4.22%$782.58
159,650 at 4.23%$783.51
159,650 at 4.24%$784.45
159,650 at 4.25%$785.38
159,650 at 4.26%$786.32
159,650 at 4.27%$787.25
159,650 at 4.28%$788.19
159,650 at 4.29%$789.13
159,650 at 4.3%$790.06
159,650 at 4.31%$791.00
159,650 at 4.32%$791.94
159,650 at 4.33%$792.88
159,650 at 4.34%$793.82
159,650 at 4.35%$794.76
159,650 at 4.36%$795.70
159,650 at 4.37%$796.64
159,650 at 4.38%$797.58
159,650 at 4.39%$798.52
159,650 at 4.4%$799.46
159,650 at 4.41%$800.41
159,650 at 4.42%$801.35
159,650 at 4.43%$802.30
159,650 at 4.44%$803.24
159,650 at 4.45%$804.19
159,650 at 4.46%$805.13
159,650 at 4.47%$806.08
159,650 at 4.48%$807.03
159,650 at 4.49%$807.97
159,650 at 4.5%$808.92
159,650 at 4.51%$809.87
159,650 at 4.52%$810.82
159,650 at 4.53%$811.77
159,650 at 4.54%$812.72
159,650 at 4.55%$813.67
159,650 at 4.56%$814.62
159,650 at 4.57%$815.58
159,650 at 4.58%$816.53
159,650 at 4.59%$817.48
159,650 at 4.6%$818.44
159,650 at 4.61%$819.39
159,650 at 4.62%$820.35
159,650 at 4.63%$821.30
159,650 at 4.64%$822.26
159,650 at 4.65%$823.21
159,650 at 4.66%$824.17
159,650 at 4.67%$825.13
159,650 at 4.68%$826.09
159,650 at 4.69%$827.05
159,650 at 4.7%$828.01
159,650 at 4.71%$828.97
159,650 at 4.72%$829.93
159,650 at 4.73%$830.89
159,650 at 4.74%$831.85
159,650 at 4.75%$832.81
159,650 at 4.76%$833.77
159,650 at 4.77%$834.74
159,650 at 4.78%$835.70
159,650 at 4.79%$836.66
159,650 at 4.8%$837.63
159,650 at 4.81%$838.59
159,650 at 4.82%$839.56
159,650 at 4.83%$840.53
159,650 at 4.84%$841.49
159,650 at 4.85%$842.46
159,650 at 4.86%$843.43
159,650 at 4.87%$844.40
159,650 at 4.88%$845.37
159,650 at 4.89%$846.34
159,650 at 4.9%$847.31
159,650 at 4.91%$848.28
159,650 at 4.92%$849.25
159,650 at 4.93%$850.22
159,650 at 4.94%$851.19
159,650 at 4.95%$852.16
159,650 at 4.96%$853.14
159,650 at 4.97%$854.11
159,650 at 4.98%$855.09
159,650 at 4.99%$856.06
159,650 at 5%$857.04
Interest Rate 30 Year
159,650 at 5.01%$858.01
159,650 at 5.02%$858.99
159,650 at 5.03%$859.97
159,650 at 5.04%$860.94
159,650 at 5.05%$861.92
159,650 at 5.06%$862.90
159,650 at 5.07%$863.88
159,650 at 5.08%$864.86
159,650 at 5.09%$865.84
159,650 at 5.1%$866.82
159,650 at 5.11%$867.80
159,650 at 5.12%$868.78
159,650 at 5.13%$869.76
159,650 at 5.14%$870.75
159,650 at 5.15%$871.73
159,650 at 5.16%$872.71
159,650 at 5.17%$873.70
159,650 at 5.18%$874.68
159,650 at 5.19%$875.67
159,650 at 5.2%$876.66
159,650 at 5.21%$877.64
159,650 at 5.22%$878.63
159,650 at 5.23%$879.62
159,650 at 5.24%$880.60
159,650 at 5.25%$881.59
159,650 at 5.26%$882.58
159,650 at 5.27%$883.57
159,650 at 5.28%$884.56
159,650 at 5.29%$885.55
159,650 at 5.3%$886.54
159,650 at 5.31%$887.54
159,650 at 5.32%$888.53
159,650 at 5.33%$889.52
159,650 at 5.34%$890.51
159,650 at 5.35%$891.51
159,650 at 5.36%$892.50
159,650 at 5.37%$893.50
159,650 at 5.38%$894.49
159,650 at 5.39%$895.49
159,650 at 5.4%$896.48
159,650 at 5.41%$897.48
159,650 at 5.42%$898.48
159,650 at 5.43%$899.48
159,650 at 5.44%$900.47
159,650 at 5.45%$901.47
159,650 at 5.46%$902.47
159,650 at 5.47%$903.47
159,650 at 5.48%$904.47
159,650 at 5.49%$905.47
159,650 at 5.5%$906.48
159,650 at 5.51%$907.48
159,650 at 5.52%$908.48
159,650 at 5.53%$909.48
159,650 at 5.54%$910.49
159,650 at 5.55%$911.49
159,650 at 5.56%$912.49
159,650 at 5.57%$913.50
159,650 at 5.58%$914.50
159,650 at 5.59%$915.51
159,650 at 5.6%$916.52
159,650 at 5.61%$917.52
159,650 at 5.62%$918.53
159,650 at 5.63%$919.54
159,650 at 5.64%$920.55
159,650 at 5.65%$921.56
159,650 at 5.66%$922.57
159,650 at 5.67%$923.58
159,650 at 5.68%$924.59
159,650 at 5.69%$925.60
159,650 at 5.7%$926.61
159,650 at 5.71%$927.62
159,650 at 5.72%$928.63
159,650 at 5.73%$929.65
159,650 at 5.74%$930.66
159,650 at 5.75%$931.67
159,650 at 5.76%$932.69
159,650 at 5.77%$933.70
159,650 at 5.78%$934.72
159,650 at 5.79%$935.73
159,650 at 5.8%$936.75
159,650 at 5.81%$937.77
159,650 at 5.82%$938.79
159,650 at 5.83%$939.80
159,650 at 5.84%$940.82
159,650 at 5.85%$941.84
159,650 at 5.86%$942.86
159,650 at 5.87%$943.88
159,650 at 5.88%$944.90
159,650 at 5.89%$945.92
159,650 at 5.9%$946.94
159,650 at 5.91%$947.96
159,650 at 5.92%$948.99
159,650 at 5.93%$950.01
159,650 at 5.94%$951.03
159,650 at 5.95%$952.06
159,650 at 5.96%$953.08
159,650 at 5.97%$954.11
159,650 at 5.98%$955.13
159,650 at 5.99%$956.16
159,650 at 6%$957.18
159,650 at 6.01%$958.21
159,650 at 6.02%$959.24
159,650 at 6.03%$960.26
159,650 at 6.04%$961.29
159,650 at 6.05%$962.32
159,650 at 6.06%$963.35
159,650 at 6.07%$964.38
159,650 at 6.08%$965.41
159,650 at 6.09%$966.44
159,650 at 6.1%$967.47
159,650 at 6.11%$968.50
159,650 at 6.12%$969.53
159,650 at 6.13%$970.57
159,650 at 6.14%$971.60
159,650 at 6.15%$972.63
159,650 at 6.16%$973.67
159,650 at 6.17%$974.70
159,650 at 6.18%$975.74
159,650 at 6.19%$976.77
159,650 at 6.2%$977.81
159,650 at 6.21%$978.84
159,650 at 6.22%$979.88
159,650 at 6.23%$980.92
159,650 at 6.24%$981.95
159,650 at 6.25%$982.99
159,650 at 6.26%$984.03
159,650 at 6.27%$985.07
159,650 at 6.28%$986.11
159,650 at 6.29%$987.15
159,650 at 6.3%$988.19
159,650 at 6.31%$989.23
159,650 at 6.32%$990.27
159,650 at 6.33%$991.31
159,650 at 6.34%$992.36
159,650 at 6.35%$993.40
159,650 at 6.36%$994.44
159,650 at 6.37%$995.49
159,650 at 6.38%$996.53
159,650 at 6.39%$997.58
159,650 at 6.4%$998.62
159,650 at 6.41%$999.67
159,650 at 6.42%$1,000.71
159,650 at 6.43%$1,001.76
159,650 at 6.44%$1,002.81
159,650 at 6.45%$1,003.85
159,650 at 6.46%$1,004.90
159,650 at 6.47%$1,005.95
159,650 at 6.48%$1,007.00
159,650 at 6.49%$1,008.05
159,650 at 6.5%$1,009.10
Interest Rate 30 Year
159,650 at 6.51%$1,010.15
159,650 at 6.52%$1,011.20
159,650 at 6.53%$1,012.25
159,650 at 6.54%$1,013.30
159,650 at 6.55%$1,014.35
159,650 at 6.56%$1,015.40
159,650 at 6.57%$1,016.46
159,650 at 6.58%$1,017.51
159,650 at 6.59%$1,018.56
159,650 at 6.6%$1,019.62
159,650 at 6.61%$1,020.67
159,650 at 6.62%$1,021.73
159,650 at 6.63%$1,022.78
159,650 at 6.64%$1,023.84
159,650 at 6.65%$1,024.90
159,650 at 6.66%$1,025.95
159,650 at 6.67%$1,027.01
159,650 at 6.68%$1,028.07
159,650 at 6.69%$1,029.13
159,650 at 6.7%$1,030.19
159,650 at 6.71%$1,031.25
159,650 at 6.72%$1,032.31
159,650 at 6.73%$1,033.37
159,650 at 6.74%$1,034.43
159,650 at 6.75%$1,035.49
159,650 at 6.76%$1,036.55
159,650 at 6.77%$1,037.61
159,650 at 6.78%$1,038.67
159,650 at 6.79%$1,039.74
159,650 at 6.8%$1,040.80
159,650 at 6.81%$1,041.86
159,650 at 6.82%$1,042.93
159,650 at 6.83%$1,043.99
159,650 at 6.84%$1,045.06
159,650 at 6.85%$1,046.12
159,650 at 6.86%$1,047.19
159,650 at 6.87%$1,048.25
159,650 at 6.88%$1,049.32
159,650 at 6.89%$1,050.39
159,650 at 6.9%$1,051.46
159,650 at 6.91%$1,052.52
159,650 at 6.92%$1,053.59
159,650 at 6.93%$1,054.66
159,650 at 6.94%$1,055.73
159,650 at 6.95%$1,056.80
159,650 at 6.96%$1,057.87
159,650 at 6.97%$1,058.94
159,650 at 6.98%$1,060.01
159,650 at 6.99%$1,061.08
159,650 at 7%$1,062.16
159,650 at 7.01%$1,063.23
159,650 at 7.02%$1,064.30
159,650 at 7.03%$1,065.37
159,650 at 7.04%$1,066.45
159,650 at 7.05%$1,067.52
159,650 at 7.06%$1,068.60
159,650 at 7.07%$1,069.67
159,650 at 7.08%$1,070.75
159,650 at 7.09%$1,071.82
159,650 at 7.1%$1,072.90
159,650 at 7.11%$1,073.98
159,650 at 7.12%$1,075.05
159,650 at 7.13%$1,076.13
159,650 at 7.14%$1,077.21
159,650 at 7.15%$1,078.29
159,650 at 7.16%$1,079.37
159,650 at 7.17%$1,080.45
159,650 at 7.18%$1,081.52
159,650 at 7.19%$1,082.60
159,650 at 7.2%$1,083.69
159,650 at 7.21%$1,084.77
159,650 at 7.22%$1,085.85
159,650 at 7.23%$1,086.93
159,650 at 7.24%$1,088.01
159,650 at 7.25%$1,089.09
159,650 at 7.26%$1,090.18
159,650 at 7.27%$1,091.26
159,650 at 7.28%$1,092.34
159,650 at 7.29%$1,093.43
159,650 at 7.3%$1,094.51
159,650 at 7.31%$1,095.60
159,650 at 7.32%$1,096.68
159,650 at 7.33%$1,097.77
159,650 at 7.34%$1,098.86
159,650 at 7.35%$1,099.94
159,650 at 7.36%$1,101.03
159,650 at 7.37%$1,102.12
159,650 at 7.38%$1,103.21
159,650 at 7.39%$1,104.30
159,650 at 7.4%$1,105.38
159,650 at 7.41%$1,106.47
159,650 at 7.42%$1,107.56
159,650 at 7.43%$1,108.65
159,650 at 7.44%$1,109.74
159,650 at 7.45%$1,110.84
159,650 at 7.46%$1,111.93
159,650 at 7.47%$1,113.02
159,650 at 7.48%$1,114.11
159,650 at 7.49%$1,115.20
159,650 at 7.5%$1,116.30
159,650 at 7.51%$1,117.39
159,650 at 7.52%$1,118.48
159,650 at 7.53%$1,119.58
159,650 at 7.54%$1,120.67
159,650 at 7.55%$1,121.77
159,650 at 7.56%$1,122.86
159,650 at 7.57%$1,123.96
159,650 at 7.58%$1,125.05
159,650 at 7.59%$1,126.15
159,650 at 7.6%$1,127.25
159,650 at 7.61%$1,128.35
159,650 at 7.62%$1,129.44
159,650 at 7.63%$1,130.54
159,650 at 7.64%$1,131.64
159,650 at 7.65%$1,132.74
159,650 at 7.66%$1,133.84
159,650 at 7.67%$1,134.94
159,650 at 7.68%$1,136.04
159,650 at 7.69%$1,137.14
159,650 at 7.7%$1,138.24
159,650 at 7.71%$1,139.34
159,650 at 7.72%$1,140.44
159,650 at 7.73%$1,141.55
159,650 at 7.74%$1,142.65
159,650 at 7.75%$1,143.75
159,650 at 7.76%$1,144.86
159,650 at 7.77%$1,145.96
159,650 at 7.78%$1,147.06
159,650 at 7.79%$1,148.17
159,650 at 7.8%$1,149.27
159,650 at 7.81%$1,150.38
159,650 at 7.82%$1,151.48
159,650 at 7.83%$1,152.59
159,650 at 7.84%$1,153.70
159,650 at 7.85%$1,154.80
159,650 at 7.86%$1,155.91
159,650 at 7.87%$1,157.02
159,650 at 7.88%$1,158.13
159,650 at 7.89%$1,159.24
159,650 at 7.9%$1,160.34
159,650 at 7.91%$1,161.45
159,650 at 7.92%$1,162.56
159,650 at 7.93%$1,163.67
159,650 at 7.94%$1,164.78
159,650 at 7.95%$1,165.90
159,650 at 7.96%$1,167.01
159,650 at 7.97%$1,168.12
159,650 at 7.98%$1,169.23
159,650 at 7.99%$1,170.34
159,650 at 8%$1,171.46
More Amounts
What is the down payment for a $159,650 house? How much do you need to put down?
Percent Down Down Payment
1%1,597
2%3,193
3%4,790
4%6,386
5%7,983
6%9,579
7%11,176
8%12,772
9%14,369
10%15,965
11%17,562
12%19,158
13%20,755
14%22,351
15%23,948
16%25,544
17%27,141
18%28,737
19%30,334
20%31,930
Percent Down Down Payment
21%33,527
22%35,123
23%36,720
24%38,316
25%39,913
26%41,509
27%43,106
28%44,702
29%46,299
30%47,895
31%49,492
32%51,088
33%52,685
34%54,281
35%55,878
36%57,474
37%59,071
38%60,667
39%62,264
40%63,860
Percent Down Down Payment
41%65,457
42%67,053
43%68,650
44%70,246
45%71,843
46%73,439
47%75,036
48%76,632
49%78,229
50%79,825
51%81,422
52%83,018
53%84,615
54%86,211
55%87,808
56%89,404
57%91,001
58%92,597
59%94,194
60%95,790
Percent Down Down Payment
61%97,387
62%98,983
63%100,580
64%102,176
65%103,773
66%105,369
67%106,966
68%108,562
69%110,159
70%111,755
71%113,352
72%114,948
73%116,545
74%118,141
75%119,738
76%121,334
77%122,931
78%124,527
79%126,124
80%127,720
Percent Down Down Payment
81%129,317
82%130,913
83%132,510
84%134,106
85%135,703
86%137,299
87%138,896
88%140,492
89%142,089
90%143,685
91%145,282
92%146,878
93%148,475
94%150,071
95%151,668
96%153,264
97%154,861
98%156,457
99%158,054
100%159,650
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.