$160,450 Mortgage for 30 Years

What is the monthly payment of a 160,450 dollar loan?
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Loan Tables for a $160,450 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 $160,450 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
160,450 at 2.01%$593.86
160,450 at 2.02%$594.66
160,450 at 2.03%$595.46
160,450 at 2.04%$596.27
160,450 at 2.05%$597.07
160,450 at 2.06%$597.88
160,450 at 2.07%$598.69
160,450 at 2.08%$599.49
160,450 at 2.09%$600.30
160,450 at 2.1%$601.11
160,450 at 2.11%$601.92
160,450 at 2.12%$602.73
160,450 at 2.13%$603.54
160,450 at 2.14%$604.35
160,450 at 2.15%$605.16
160,450 at 2.16%$605.97
160,450 at 2.17%$606.79
160,450 at 2.18%$607.60
160,450 at 2.19%$608.42
160,450 at 2.2%$609.23
160,450 at 2.21%$610.05
160,450 at 2.22%$610.86
160,450 at 2.23%$611.68
160,450 at 2.24%$612.50
160,450 at 2.25%$613.31
160,450 at 2.26%$614.13
160,450 at 2.27%$614.95
160,450 at 2.28%$615.77
160,450 at 2.29%$616.59
160,450 at 2.3%$617.41
160,450 at 2.31%$618.24
160,450 at 2.32%$619.06
160,450 at 2.33%$619.88
160,450 at 2.34%$620.70
160,450 at 2.35%$621.53
160,450 at 2.36%$622.35
160,450 at 2.37%$623.18
160,450 at 2.38%$624.01
160,450 at 2.39%$624.83
160,450 at 2.4%$625.66
160,450 at 2.41%$626.49
160,450 at 2.42%$627.32
160,450 at 2.43%$628.15
160,450 at 2.44%$628.98
160,450 at 2.45%$629.81
160,450 at 2.46%$630.64
160,450 at 2.47%$631.47
160,450 at 2.48%$632.30
160,450 at 2.49%$633.14
160,450 at 2.5%$633.97
160,450 at 2.51%$634.81
160,450 at 2.52%$635.64
160,450 at 2.53%$636.48
160,450 at 2.54%$637.31
160,450 at 2.55%$638.15
160,450 at 2.56%$638.99
160,450 at 2.57%$639.83
160,450 at 2.58%$640.67
160,450 at 2.59%$641.50
160,450 at 2.6%$642.35
160,450 at 2.61%$643.19
160,450 at 2.62%$644.03
160,450 at 2.63%$644.87
160,450 at 2.64%$645.71
160,450 at 2.65%$646.56
160,450 at 2.66%$647.40
160,450 at 2.67%$648.24
160,450 at 2.68%$649.09
160,450 at 2.69%$649.93
160,450 at 2.7%$650.78
160,450 at 2.71%$651.63
160,450 at 2.72%$652.48
160,450 at 2.73%$653.32
160,450 at 2.74%$654.17
160,450 at 2.75%$655.02
160,450 at 2.76%$655.87
160,450 at 2.77%$656.72
160,450 at 2.78%$657.58
160,450 at 2.79%$658.43
160,450 at 2.8%$659.28
160,450 at 2.81%$660.13
160,450 at 2.82%$660.99
160,450 at 2.83%$661.84
160,450 at 2.84%$662.70
160,450 at 2.85%$663.55
160,450 at 2.86%$664.41
160,450 at 2.87%$665.27
160,450 at 2.88%$666.12
160,450 at 2.89%$666.98
160,450 at 2.9%$667.84
160,450 at 2.91%$668.70
160,450 at 2.92%$669.56
160,450 at 2.93%$670.42
160,450 at 2.94%$671.28
160,450 at 2.95%$672.14
160,450 at 2.96%$673.01
160,450 at 2.97%$673.87
160,450 at 2.98%$674.73
160,450 at 2.99%$675.60
160,450 at 3%$676.46
160,450 at 3.01%$677.33
160,450 at 3.02%$678.20
160,450 at 3.03%$679.06
160,450 at 3.04%$679.93
160,450 at 3.05%$680.80
160,450 at 3.06%$681.67
160,450 at 3.07%$682.54
160,450 at 3.08%$683.41
160,450 at 3.09%$684.28
160,450 at 3.1%$685.15
160,450 at 3.11%$686.02
160,450 at 3.12%$686.89
160,450 at 3.13%$687.76
160,450 at 3.14%$688.64
160,450 at 3.15%$689.51
160,450 at 3.16%$690.39
160,450 at 3.17%$691.26
160,450 at 3.18%$692.14
160,450 at 3.19%$693.02
160,450 at 3.2%$693.89
160,450 at 3.21%$694.77
160,450 at 3.22%$695.65
160,450 at 3.23%$696.53
160,450 at 3.24%$697.41
160,450 at 3.25%$698.29
160,450 at 3.26%$699.17
160,450 at 3.27%$700.05
160,450 at 3.28%$700.93
160,450 at 3.29%$701.82
160,450 at 3.3%$702.70
160,450 at 3.31%$703.58
160,450 at 3.32%$704.47
160,450 at 3.33%$705.35
160,450 at 3.34%$706.24
160,450 at 3.35%$707.12
160,450 at 3.36%$708.01
160,450 at 3.37%$708.90
160,450 at 3.38%$709.79
160,450 at 3.39%$710.68
160,450 at 3.4%$711.57
160,450 at 3.41%$712.46
160,450 at 3.42%$713.35
160,450 at 3.43%$714.24
160,450 at 3.44%$715.13
160,450 at 3.45%$716.02
160,450 at 3.46%$716.91
160,450 at 3.47%$717.81
160,450 at 3.48%$718.70
160,450 at 3.49%$719.60
160,450 at 3.5%$720.49
Interest Rate 30 Year
160,450 at 3.51%$721.39
160,450 at 3.52%$722.28
160,450 at 3.53%$723.18
160,450 at 3.54%$724.08
160,450 at 3.55%$724.98
160,450 at 3.56%$725.88
160,450 at 3.57%$726.78
160,450 at 3.58%$727.68
160,450 at 3.59%$728.58
160,450 at 3.6%$729.48
160,450 at 3.61%$730.38
160,450 at 3.62%$731.28
160,450 at 3.63%$732.19
160,450 at 3.64%$733.09
160,450 at 3.65%$733.99
160,450 at 3.66%$734.90
160,450 at 3.67%$735.80
160,450 at 3.68%$736.71
160,450 at 3.69%$737.62
160,450 at 3.7%$738.52
160,450 at 3.71%$739.43
160,450 at 3.72%$740.34
160,450 at 3.73%$741.25
160,450 at 3.74%$742.16
160,450 at 3.75%$743.07
160,450 at 3.76%$743.98
160,450 at 3.77%$744.89
160,450 at 3.78%$745.80
160,450 at 3.79%$746.72
160,450 at 3.8%$747.63
160,450 at 3.81%$748.54
160,450 at 3.82%$749.46
160,450 at 3.83%$750.37
160,450 at 3.84%$751.29
160,450 at 3.85%$752.20
160,450 at 3.86%$753.12
160,450 at 3.87%$754.04
160,450 at 3.88%$754.95
160,450 at 3.89%$755.87
160,450 at 3.9%$756.79
160,450 at 3.91%$757.71
160,450 at 3.92%$758.63
160,450 at 3.93%$759.55
160,450 at 3.94%$760.47
160,450 at 3.95%$761.39
160,450 at 3.96%$762.32
160,450 at 3.97%$763.24
160,450 at 3.98%$764.16
160,450 at 3.99%$765.09
160,450 at 4%$766.01
160,450 at 4.01%$766.94
160,450 at 4.02%$767.86
160,450 at 4.03%$768.79
160,450 at 4.04%$769.72
160,450 at 4.05%$770.65
160,450 at 4.06%$771.57
160,450 at 4.07%$772.50
160,450 at 4.08%$773.43
160,450 at 4.09%$774.36
160,450 at 4.1%$775.29
160,450 at 4.11%$776.22
160,450 at 4.12%$777.15
160,450 at 4.13%$778.09
160,450 at 4.14%$779.02
160,450 at 4.15%$779.95
160,450 at 4.16%$780.89
160,450 at 4.17%$781.82
160,450 at 4.18%$782.76
160,450 at 4.19%$783.69
160,450 at 4.2%$784.63
160,450 at 4.21%$785.56
160,450 at 4.22%$786.50
160,450 at 4.23%$787.44
160,450 at 4.24%$788.38
160,450 at 4.25%$789.32
160,450 at 4.26%$790.26
160,450 at 4.27%$791.20
160,450 at 4.28%$792.14
160,450 at 4.29%$793.08
160,450 at 4.3%$794.02
160,450 at 4.31%$794.96
160,450 at 4.32%$795.91
160,450 at 4.33%$796.85
160,450 at 4.34%$797.79
160,450 at 4.35%$798.74
160,450 at 4.36%$799.68
160,450 at 4.37%$800.63
160,450 at 4.38%$801.58
160,450 at 4.39%$802.52
160,450 at 4.4%$803.47
160,450 at 4.41%$804.42
160,450 at 4.42%$805.37
160,450 at 4.43%$806.32
160,450 at 4.44%$807.27
160,450 at 4.45%$808.22
160,450 at 4.46%$809.17
160,450 at 4.47%$810.12
160,450 at 4.48%$811.07
160,450 at 4.49%$812.02
160,450 at 4.5%$812.98
160,450 at 4.51%$813.93
160,450 at 4.52%$814.88
160,450 at 4.53%$815.84
160,450 at 4.54%$816.79
160,450 at 4.55%$817.75
160,450 at 4.56%$818.71
160,450 at 4.57%$819.66
160,450 at 4.58%$820.62
160,450 at 4.59%$821.58
160,450 at 4.6%$822.54
160,450 at 4.61%$823.50
160,450 at 4.62%$824.46
160,450 at 4.63%$825.42
160,450 at 4.64%$826.38
160,450 at 4.65%$827.34
160,450 at 4.66%$828.30
160,450 at 4.67%$829.26
160,450 at 4.68%$830.23
160,450 at 4.69%$831.19
160,450 at 4.7%$832.15
160,450 at 4.71%$833.12
160,450 at 4.72%$834.08
160,450 at 4.73%$835.05
160,450 at 4.74%$836.02
160,450 at 4.75%$836.98
160,450 at 4.76%$837.95
160,450 at 4.77%$838.92
160,450 at 4.78%$839.89
160,450 at 4.79%$840.86
160,450 at 4.8%$841.83
160,450 at 4.81%$842.80
160,450 at 4.82%$843.77
160,450 at 4.83%$844.74
160,450 at 4.84%$845.71
160,450 at 4.85%$846.68
160,450 at 4.86%$847.65
160,450 at 4.87%$848.63
160,450 at 4.88%$849.60
160,450 at 4.89%$850.58
160,450 at 4.9%$851.55
160,450 at 4.91%$852.53
160,450 at 4.92%$853.50
160,450 at 4.93%$854.48
160,450 at 4.94%$855.46
160,450 at 4.95%$856.43
160,450 at 4.96%$857.41
160,450 at 4.97%$858.39
160,450 at 4.98%$859.37
160,450 at 4.99%$860.35
160,450 at 5%$861.33
Interest Rate 30 Year
160,450 at 5.01%$862.31
160,450 at 5.02%$863.29
160,450 at 5.03%$864.27
160,450 at 5.04%$865.26
160,450 at 5.05%$866.24
160,450 at 5.06%$867.22
160,450 at 5.07%$868.21
160,450 at 5.08%$869.19
160,450 at 5.09%$870.18
160,450 at 5.1%$871.16
160,450 at 5.11%$872.15
160,450 at 5.12%$873.14
160,450 at 5.13%$874.12
160,450 at 5.14%$875.11
160,450 at 5.15%$876.10
160,450 at 5.16%$877.09
160,450 at 5.17%$878.08
160,450 at 5.18%$879.07
160,450 at 5.19%$880.06
160,450 at 5.2%$881.05
160,450 at 5.21%$882.04
160,450 at 5.22%$883.03
160,450 at 5.23%$884.02
160,450 at 5.24%$885.02
160,450 at 5.25%$886.01
160,450 at 5.26%$887.00
160,450 at 5.27%$888.00
160,450 at 5.28%$888.99
160,450 at 5.29%$889.99
160,450 at 5.3%$890.99
160,450 at 5.31%$891.98
160,450 at 5.32%$892.98
160,450 at 5.33%$893.98
160,450 at 5.34%$894.98
160,450 at 5.35%$895.97
160,450 at 5.36%$896.97
160,450 at 5.37%$897.97
160,450 at 5.38%$898.97
160,450 at 5.39%$899.97
160,450 at 5.4%$900.98
160,450 at 5.41%$901.98
160,450 at 5.42%$902.98
160,450 at 5.43%$903.98
160,450 at 5.44%$904.99
160,450 at 5.45%$905.99
160,450 at 5.46%$906.99
160,450 at 5.47%$908.00
160,450 at 5.48%$909.01
160,450 at 5.49%$910.01
160,450 at 5.5%$911.02
160,450 at 5.51%$912.02
160,450 at 5.52%$913.03
160,450 at 5.53%$914.04
160,450 at 5.54%$915.05
160,450 at 5.55%$916.06
160,450 at 5.56%$917.07
160,450 at 5.57%$918.08
160,450 at 5.58%$919.09
160,450 at 5.59%$920.10
160,450 at 5.6%$921.11
160,450 at 5.61%$922.12
160,450 at 5.62%$923.13
160,450 at 5.63%$924.15
160,450 at 5.64%$925.16
160,450 at 5.65%$926.17
160,450 at 5.66%$927.19
160,450 at 5.67%$928.20
160,450 at 5.68%$929.22
160,450 at 5.69%$930.24
160,450 at 5.7%$931.25
160,450 at 5.71%$932.27
160,450 at 5.72%$933.29
160,450 at 5.73%$934.31
160,450 at 5.74%$935.32
160,450 at 5.75%$936.34
160,450 at 5.76%$937.36
160,450 at 5.77%$938.38
160,450 at 5.78%$939.40
160,450 at 5.79%$940.42
160,450 at 5.8%$941.45
160,450 at 5.81%$942.47
160,450 at 5.82%$943.49
160,450 at 5.83%$944.51
160,450 at 5.84%$945.54
160,450 at 5.85%$946.56
160,450 at 5.86%$947.58
160,450 at 5.87%$948.61
160,450 at 5.88%$949.64
160,450 at 5.89%$950.66
160,450 at 5.9%$951.69
160,450 at 5.91%$952.71
160,450 at 5.92%$953.74
160,450 at 5.93%$954.77
160,450 at 5.94%$955.80
160,450 at 5.95%$956.83
160,450 at 5.96%$957.86
160,450 at 5.97%$958.89
160,450 at 5.98%$959.92
160,450 at 5.99%$960.95
160,450 at 6%$961.98
160,450 at 6.01%$963.01
160,450 at 6.02%$964.04
160,450 at 6.03%$965.08
160,450 at 6.04%$966.11
160,450 at 6.05%$967.14
160,450 at 6.06%$968.18
160,450 at 6.07%$969.21
160,450 at 6.08%$970.25
160,450 at 6.09%$971.28
160,450 at 6.1%$972.32
160,450 at 6.11%$973.36
160,450 at 6.12%$974.39
160,450 at 6.13%$975.43
160,450 at 6.14%$976.47
160,450 at 6.15%$977.51
160,450 at 6.16%$978.55
160,450 at 6.17%$979.59
160,450 at 6.18%$980.63
160,450 at 6.19%$981.67
160,450 at 6.2%$982.71
160,450 at 6.21%$983.75
160,450 at 6.22%$984.79
160,450 at 6.23%$985.83
160,450 at 6.24%$986.87
160,450 at 6.25%$987.92
160,450 at 6.26%$988.96
160,450 at 6.27%$990.01
160,450 at 6.28%$991.05
160,450 at 6.29%$992.10
160,450 at 6.3%$993.14
160,450 at 6.31%$994.19
160,450 at 6.32%$995.23
160,450 at 6.33%$996.28
160,450 at 6.34%$997.33
160,450 at 6.35%$998.38
160,450 at 6.36%$999.43
160,450 at 6.37%$1,000.47
160,450 at 6.38%$1,001.52
160,450 at 6.39%$1,002.57
160,450 at 6.4%$1,003.62
160,450 at 6.41%$1,004.68
160,450 at 6.42%$1,005.73
160,450 at 6.43%$1,006.78
160,450 at 6.44%$1,007.83
160,450 at 6.45%$1,008.88
160,450 at 6.46%$1,009.94
160,450 at 6.47%$1,010.99
160,450 at 6.48%$1,012.04
160,450 at 6.49%$1,013.10
160,450 at 6.5%$1,014.15
Interest Rate 30 Year
160,450 at 6.51%$1,015.21
160,450 at 6.52%$1,016.26
160,450 at 6.53%$1,017.32
160,450 at 6.54%$1,018.38
160,450 at 6.55%$1,019.43
160,450 at 6.56%$1,020.49
160,450 at 6.57%$1,021.55
160,450 at 6.58%$1,022.61
160,450 at 6.59%$1,023.67
160,450 at 6.6%$1,024.73
160,450 at 6.61%$1,025.79
160,450 at 6.62%$1,026.85
160,450 at 6.63%$1,027.91
160,450 at 6.64%$1,028.97
160,450 at 6.65%$1,030.03
160,450 at 6.66%$1,031.09
160,450 at 6.67%$1,032.16
160,450 at 6.68%$1,033.22
160,450 at 6.69%$1,034.28
160,450 at 6.7%$1,035.35
160,450 at 6.71%$1,036.41
160,450 at 6.72%$1,037.48
160,450 at 6.73%$1,038.54
160,450 at 6.74%$1,039.61
160,450 at 6.75%$1,040.68
160,450 at 6.76%$1,041.74
160,450 at 6.77%$1,042.81
160,450 at 6.78%$1,043.88
160,450 at 6.79%$1,044.95
160,450 at 6.8%$1,046.01
160,450 at 6.81%$1,047.08
160,450 at 6.82%$1,048.15
160,450 at 6.83%$1,049.22
160,450 at 6.84%$1,050.29
160,450 at 6.85%$1,051.36
160,450 at 6.86%$1,052.43
160,450 at 6.87%$1,053.51
160,450 at 6.88%$1,054.58
160,450 at 6.89%$1,055.65
160,450 at 6.9%$1,056.72
160,450 at 6.91%$1,057.80
160,450 at 6.92%$1,058.87
160,450 at 6.93%$1,059.95
160,450 at 6.94%$1,061.02
160,450 at 6.95%$1,062.10
160,450 at 6.96%$1,063.17
160,450 at 6.97%$1,064.25
160,450 at 6.98%$1,065.32
160,450 at 6.99%$1,066.40
160,450 at 7%$1,067.48
160,450 at 7.01%$1,068.56
160,450 at 7.02%$1,069.63
160,450 at 7.03%$1,070.71
160,450 at 7.04%$1,071.79
160,450 at 7.05%$1,072.87
160,450 at 7.06%$1,073.95
160,450 at 7.07%$1,075.03
160,450 at 7.08%$1,076.11
160,450 at 7.09%$1,077.19
160,450 at 7.1%$1,078.28
160,450 at 7.11%$1,079.36
160,450 at 7.12%$1,080.44
160,450 at 7.13%$1,081.52
160,450 at 7.14%$1,082.61
160,450 at 7.15%$1,083.69
160,450 at 7.16%$1,084.77
160,450 at 7.17%$1,085.86
160,450 at 7.18%$1,086.94
160,450 at 7.19%$1,088.03
160,450 at 7.2%$1,089.12
160,450 at 7.21%$1,090.20
160,450 at 7.22%$1,091.29
160,450 at 7.23%$1,092.38
160,450 at 7.24%$1,093.46
160,450 at 7.25%$1,094.55
160,450 at 7.26%$1,095.64
160,450 at 7.27%$1,096.73
160,450 at 7.28%$1,097.82
160,450 at 7.29%$1,098.91
160,450 at 7.3%$1,100.00
160,450 at 7.31%$1,101.09
160,450 at 7.32%$1,102.18
160,450 at 7.33%$1,103.27
160,450 at 7.34%$1,104.36
160,450 at 7.35%$1,105.46
160,450 at 7.36%$1,106.55
160,450 at 7.37%$1,107.64
160,450 at 7.38%$1,108.74
160,450 at 7.39%$1,109.83
160,450 at 7.4%$1,110.92
160,450 at 7.41%$1,112.02
160,450 at 7.42%$1,113.11
160,450 at 7.43%$1,114.21
160,450 at 7.44%$1,115.30
160,450 at 7.45%$1,116.40
160,450 at 7.46%$1,117.50
160,450 at 7.47%$1,118.60
160,450 at 7.48%$1,119.69
160,450 at 7.49%$1,120.79
160,450 at 7.5%$1,121.89
160,450 at 7.51%$1,122.99
160,450 at 7.52%$1,124.09
160,450 at 7.53%$1,125.19
160,450 at 7.54%$1,126.29
160,450 at 7.55%$1,127.39
160,450 at 7.56%$1,128.49
160,450 at 7.57%$1,129.59
160,450 at 7.58%$1,130.69
160,450 at 7.59%$1,131.79
160,450 at 7.6%$1,132.90
160,450 at 7.61%$1,134.00
160,450 at 7.62%$1,135.10
160,450 at 7.63%$1,136.21
160,450 at 7.64%$1,137.31
160,450 at 7.65%$1,138.42
160,450 at 7.66%$1,139.52
160,450 at 7.67%$1,140.63
160,450 at 7.68%$1,141.73
160,450 at 7.69%$1,142.84
160,450 at 7.7%$1,143.94
160,450 at 7.71%$1,145.05
160,450 at 7.72%$1,146.16
160,450 at 7.73%$1,147.27
160,450 at 7.74%$1,148.37
160,450 at 7.75%$1,149.48
160,450 at 7.76%$1,150.59
160,450 at 7.77%$1,151.70
160,450 at 7.78%$1,152.81
160,450 at 7.79%$1,153.92
160,450 at 7.8%$1,155.03
160,450 at 7.81%$1,156.14
160,450 at 7.82%$1,157.25
160,450 at 7.83%$1,158.37
160,450 at 7.84%$1,159.48
160,450 at 7.85%$1,160.59
160,450 at 7.86%$1,161.70
160,450 at 7.87%$1,162.82
160,450 at 7.88%$1,163.93
160,450 at 7.89%$1,165.04
160,450 at 7.9%$1,166.16
160,450 at 7.91%$1,167.27
160,450 at 7.92%$1,168.39
160,450 at 7.93%$1,169.51
160,450 at 7.94%$1,170.62
160,450 at 7.95%$1,171.74
160,450 at 7.96%$1,172.85
160,450 at 7.97%$1,173.97
160,450 at 7.98%$1,175.09
160,450 at 7.99%$1,176.21
160,450 at 8%$1,177.33
More Amounts
What is the down payment for a $160,450 house? How much do you need to put down?
Percent Down Down Payment
1%1,605
2%3,209
3%4,814
4%6,418
5%8,023
6%9,627
7%11,232
8%12,836
9%14,441
10%16,045
11%17,650
12%19,254
13%20,859
14%22,463
15%24,068
16%25,672
17%27,277
18%28,881
19%30,486
20%32,090
Percent Down Down Payment
21%33,695
22%35,299
23%36,904
24%38,508
25%40,113
26%41,717
27%43,322
28%44,926
29%46,531
30%48,135
31%49,740
32%51,344
33%52,949
34%54,553
35%56,158
36%57,762
37%59,367
38%60,971
39%62,576
40%64,180
Percent Down Down Payment
41%65,785
42%67,389
43%68,994
44%70,598
45%72,203
46%73,807
47%75,412
48%77,016
49%78,621
50%80,225
51%81,830
52%83,434
53%85,039
54%86,643
55%88,248
56%89,852
57%91,457
58%93,061
59%94,666
60%96,270
Percent Down Down Payment
61%97,875
62%99,479
63%101,084
64%102,688
65%104,293
66%105,897
67%107,502
68%109,106
69%110,711
70%112,315
71%113,920
72%115,524
73%117,129
74%118,733
75%120,338
76%121,942
77%123,547
78%125,151
79%126,756
80%128,360
Percent Down Down Payment
81%129,965
82%131,569
83%133,174
84%134,778
85%136,383
86%137,987
87%139,592
88%141,196
89%142,801
90%144,405
91%146,010
92%147,614
93%149,219
94%150,823
95%152,428
96%154,032
97%155,637
98%157,241
99%158,846
100%160,450
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.