$161,450 Mortgage for 30 Years

What is the monthly payment of a 161,450 dollar loan?
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Loan Tables for a $161,450 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 161k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $161,450 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
161,450 at 2.01%$597.56
161,450 at 2.02%$598.37
161,450 at 2.03%$599.18
161,450 at 2.04%$599.99
161,450 at 2.05%$600.80
161,450 at 2.06%$601.61
161,450 at 2.07%$602.42
161,450 at 2.08%$603.23
161,450 at 2.09%$604.04
161,450 at 2.1%$604.86
161,450 at 2.11%$605.67
161,450 at 2.12%$606.49
161,450 at 2.13%$607.30
161,450 at 2.14%$608.12
161,450 at 2.15%$608.93
161,450 at 2.16%$609.75
161,450 at 2.17%$610.57
161,450 at 2.18%$611.39
161,450 at 2.19%$612.21
161,450 at 2.2%$613.03
161,450 at 2.21%$613.85
161,450 at 2.22%$614.67
161,450 at 2.23%$615.49
161,450 at 2.24%$616.31
161,450 at 2.25%$617.14
161,450 at 2.26%$617.96
161,450 at 2.27%$618.78
161,450 at 2.28%$619.61
161,450 at 2.29%$620.44
161,450 at 2.3%$621.26
161,450 at 2.31%$622.09
161,450 at 2.32%$622.92
161,450 at 2.33%$623.74
161,450 at 2.34%$624.57
161,450 at 2.35%$625.40
161,450 at 2.36%$626.23
161,450 at 2.37%$627.06
161,450 at 2.38%$627.90
161,450 at 2.39%$628.73
161,450 at 2.4%$629.56
161,450 at 2.41%$630.39
161,450 at 2.42%$631.23
161,450 at 2.43%$632.06
161,450 at 2.44%$632.90
161,450 at 2.45%$633.73
161,450 at 2.46%$634.57
161,450 at 2.47%$635.41
161,450 at 2.48%$636.25
161,450 at 2.49%$637.08
161,450 at 2.5%$637.92
161,450 at 2.51%$638.76
161,450 at 2.52%$639.60
161,450 at 2.53%$640.44
161,450 at 2.54%$641.29
161,450 at 2.55%$642.13
161,450 at 2.56%$642.97
161,450 at 2.57%$643.81
161,450 at 2.58%$644.66
161,450 at 2.59%$645.50
161,450 at 2.6%$646.35
161,450 at 2.61%$647.19
161,450 at 2.62%$648.04
161,450 at 2.63%$648.89
161,450 at 2.64%$649.74
161,450 at 2.65%$650.59
161,450 at 2.66%$651.43
161,450 at 2.67%$652.28
161,450 at 2.68%$653.13
161,450 at 2.69%$653.99
161,450 at 2.7%$654.84
161,450 at 2.71%$655.69
161,450 at 2.72%$656.54
161,450 at 2.73%$657.40
161,450 at 2.74%$658.25
161,450 at 2.75%$659.11
161,450 at 2.76%$659.96
161,450 at 2.77%$660.82
161,450 at 2.78%$661.67
161,450 at 2.79%$662.53
161,450 at 2.8%$663.39
161,450 at 2.81%$664.25
161,450 at 2.82%$665.11
161,450 at 2.83%$665.97
161,450 at 2.84%$666.83
161,450 at 2.85%$667.69
161,450 at 2.86%$668.55
161,450 at 2.87%$669.41
161,450 at 2.88%$670.28
161,450 at 2.89%$671.14
161,450 at 2.9%$672.00
161,450 at 2.91%$672.87
161,450 at 2.92%$673.73
161,450 at 2.93%$674.60
161,450 at 2.94%$675.47
161,450 at 2.95%$676.33
161,450 at 2.96%$677.20
161,450 at 2.97%$678.07
161,450 at 2.98%$678.94
161,450 at 2.99%$679.81
161,450 at 3%$680.68
161,450 at 3.01%$681.55
161,450 at 3.02%$682.42
161,450 at 3.03%$683.29
161,450 at 3.04%$684.17
161,450 at 3.05%$685.04
161,450 at 3.06%$685.92
161,450 at 3.07%$686.79
161,450 at 3.08%$687.67
161,450 at 3.09%$688.54
161,450 at 3.1%$689.42
161,450 at 3.11%$690.30
161,450 at 3.12%$691.17
161,450 at 3.13%$692.05
161,450 at 3.14%$692.93
161,450 at 3.15%$693.81
161,450 at 3.16%$694.69
161,450 at 3.17%$695.57
161,450 at 3.18%$696.45
161,450 at 3.19%$697.34
161,450 at 3.2%$698.22
161,450 at 3.21%$699.10
161,450 at 3.22%$699.99
161,450 at 3.23%$700.87
161,450 at 3.24%$701.75
161,450 at 3.25%$702.64
161,450 at 3.26%$703.53
161,450 at 3.27%$704.41
161,450 at 3.28%$705.30
161,450 at 3.29%$706.19
161,450 at 3.3%$707.08
161,450 at 3.31%$707.97
161,450 at 3.32%$708.86
161,450 at 3.33%$709.75
161,450 at 3.34%$710.64
161,450 at 3.35%$711.53
161,450 at 3.36%$712.42
161,450 at 3.37%$713.32
161,450 at 3.38%$714.21
161,450 at 3.39%$715.11
161,450 at 3.4%$716.00
161,450 at 3.41%$716.90
161,450 at 3.42%$717.79
161,450 at 3.43%$718.69
161,450 at 3.44%$719.59
161,450 at 3.45%$720.48
161,450 at 3.46%$721.38
161,450 at 3.47%$722.28
161,450 at 3.48%$723.18
161,450 at 3.49%$724.08
161,450 at 3.5%$724.98
Interest Rate 30 Year
161,450 at 3.51%$725.88
161,450 at 3.52%$726.79
161,450 at 3.53%$727.69
161,450 at 3.54%$728.59
161,450 at 3.55%$729.50
161,450 at 3.56%$730.40
161,450 at 3.57%$731.31
161,450 at 3.58%$732.21
161,450 at 3.59%$733.12
161,450 at 3.6%$734.02
161,450 at 3.61%$734.93
161,450 at 3.62%$735.84
161,450 at 3.63%$736.75
161,450 at 3.64%$737.66
161,450 at 3.65%$738.57
161,450 at 3.66%$739.48
161,450 at 3.67%$740.39
161,450 at 3.68%$741.30
161,450 at 3.69%$742.21
161,450 at 3.7%$743.13
161,450 at 3.71%$744.04
161,450 at 3.72%$744.95
161,450 at 3.73%$745.87
161,450 at 3.74%$746.78
161,450 at 3.75%$747.70
161,450 at 3.76%$748.62
161,450 at 3.77%$749.53
161,450 at 3.78%$750.45
161,450 at 3.79%$751.37
161,450 at 3.8%$752.29
161,450 at 3.81%$753.21
161,450 at 3.82%$754.13
161,450 at 3.83%$755.05
161,450 at 3.84%$755.97
161,450 at 3.85%$756.89
161,450 at 3.86%$757.81
161,450 at 3.87%$758.74
161,450 at 3.88%$759.66
161,450 at 3.89%$760.58
161,450 at 3.9%$761.51
161,450 at 3.91%$762.43
161,450 at 3.92%$763.36
161,450 at 3.93%$764.29
161,450 at 3.94%$765.21
161,450 at 3.95%$766.14
161,450 at 3.96%$767.07
161,450 at 3.97%$768.00
161,450 at 3.98%$768.93
161,450 at 3.99%$769.86
161,450 at 4%$770.79
161,450 at 4.01%$771.72
161,450 at 4.02%$772.65
161,450 at 4.03%$773.58
161,450 at 4.04%$774.51
161,450 at 4.05%$775.45
161,450 at 4.06%$776.38
161,450 at 4.07%$777.32
161,450 at 4.08%$778.25
161,450 at 4.09%$779.19
161,450 at 4.1%$780.12
161,450 at 4.11%$781.06
161,450 at 4.12%$782.00
161,450 at 4.13%$782.94
161,450 at 4.14%$783.87
161,450 at 4.15%$784.81
161,450 at 4.16%$785.75
161,450 at 4.17%$786.69
161,450 at 4.18%$787.63
161,450 at 4.19%$788.58
161,450 at 4.2%$789.52
161,450 at 4.21%$790.46
161,450 at 4.22%$791.40
161,450 at 4.23%$792.35
161,450 at 4.24%$793.29
161,450 at 4.25%$794.24
161,450 at 4.26%$795.18
161,450 at 4.27%$796.13
161,450 at 4.28%$797.08
161,450 at 4.29%$798.02
161,450 at 4.3%$798.97
161,450 at 4.31%$799.92
161,450 at 4.32%$800.87
161,450 at 4.33%$801.82
161,450 at 4.34%$802.77
161,450 at 4.35%$803.72
161,450 at 4.36%$804.67
161,450 at 4.37%$805.62
161,450 at 4.38%$806.57
161,450 at 4.39%$807.53
161,450 at 4.4%$808.48
161,450 at 4.41%$809.43
161,450 at 4.42%$810.39
161,450 at 4.43%$811.34
161,450 at 4.44%$812.30
161,450 at 4.45%$813.25
161,450 at 4.46%$814.21
161,450 at 4.47%$815.17
161,450 at 4.48%$816.13
161,450 at 4.49%$817.08
161,450 at 4.5%$818.04
161,450 at 4.51%$819.00
161,450 at 4.52%$819.96
161,450 at 4.53%$820.92
161,450 at 4.54%$821.89
161,450 at 4.55%$822.85
161,450 at 4.56%$823.81
161,450 at 4.57%$824.77
161,450 at 4.58%$825.74
161,450 at 4.59%$826.70
161,450 at 4.6%$827.66
161,450 at 4.61%$828.63
161,450 at 4.62%$829.60
161,450 at 4.63%$830.56
161,450 at 4.64%$831.53
161,450 at 4.65%$832.50
161,450 at 4.66%$833.46
161,450 at 4.67%$834.43
161,450 at 4.68%$835.40
161,450 at 4.69%$836.37
161,450 at 4.7%$837.34
161,450 at 4.71%$838.31
161,450 at 4.72%$839.28
161,450 at 4.73%$840.25
161,450 at 4.74%$841.23
161,450 at 4.75%$842.20
161,450 at 4.76%$843.17
161,450 at 4.77%$844.15
161,450 at 4.78%$845.12
161,450 at 4.79%$846.10
161,450 at 4.8%$847.07
161,450 at 4.81%$848.05
161,450 at 4.82%$849.03
161,450 at 4.83%$850.00
161,450 at 4.84%$850.98
161,450 at 4.85%$851.96
161,450 at 4.86%$852.94
161,450 at 4.87%$853.92
161,450 at 4.88%$854.90
161,450 at 4.89%$855.88
161,450 at 4.9%$856.86
161,450 at 4.91%$857.84
161,450 at 4.92%$858.82
161,450 at 4.93%$859.80
161,450 at 4.94%$860.79
161,450 at 4.95%$861.77
161,450 at 4.96%$862.76
161,450 at 4.97%$863.74
161,450 at 4.98%$864.73
161,450 at 4.99%$865.71
161,450 at 5%$866.70
Interest Rate 30 Year
161,450 at 5.01%$867.69
161,450 at 5.02%$868.67
161,450 at 5.03%$869.66
161,450 at 5.04%$870.65
161,450 at 5.05%$871.64
161,450 at 5.06%$872.63
161,450 at 5.07%$873.62
161,450 at 5.08%$874.61
161,450 at 5.09%$875.60
161,450 at 5.1%$876.59
161,450 at 5.11%$877.58
161,450 at 5.12%$878.58
161,450 at 5.13%$879.57
161,450 at 5.14%$880.56
161,450 at 5.15%$881.56
161,450 at 5.16%$882.55
161,450 at 5.17%$883.55
161,450 at 5.18%$884.55
161,450 at 5.19%$885.54
161,450 at 5.2%$886.54
161,450 at 5.21%$887.54
161,450 at 5.22%$888.54
161,450 at 5.23%$889.53
161,450 at 5.24%$890.53
161,450 at 5.25%$891.53
161,450 at 5.26%$892.53
161,450 at 5.27%$893.53
161,450 at 5.28%$894.54
161,450 at 5.29%$895.54
161,450 at 5.3%$896.54
161,450 at 5.31%$897.54
161,450 at 5.32%$898.55
161,450 at 5.33%$899.55
161,450 at 5.34%$900.55
161,450 at 5.35%$901.56
161,450 at 5.36%$902.56
161,450 at 5.37%$903.57
161,450 at 5.38%$904.58
161,450 at 5.39%$905.58
161,450 at 5.4%$906.59
161,450 at 5.41%$907.60
161,450 at 5.42%$908.61
161,450 at 5.43%$909.62
161,450 at 5.44%$910.63
161,450 at 5.45%$911.64
161,450 at 5.46%$912.65
161,450 at 5.47%$913.66
161,450 at 5.48%$914.67
161,450 at 5.49%$915.68
161,450 at 5.5%$916.70
161,450 at 5.51%$917.71
161,450 at 5.52%$918.72
161,450 at 5.53%$919.74
161,450 at 5.54%$920.75
161,450 at 5.55%$921.77
161,450 at 5.56%$922.78
161,450 at 5.57%$923.80
161,450 at 5.58%$924.82
161,450 at 5.59%$925.83
161,450 at 5.6%$926.85
161,450 at 5.61%$927.87
161,450 at 5.62%$928.89
161,450 at 5.63%$929.91
161,450 at 5.64%$930.93
161,450 at 5.65%$931.95
161,450 at 5.66%$932.97
161,450 at 5.67%$933.99
161,450 at 5.68%$935.01
161,450 at 5.69%$936.03
161,450 at 5.7%$937.06
161,450 at 5.71%$938.08
161,450 at 5.72%$939.10
161,450 at 5.73%$940.13
161,450 at 5.74%$941.15
161,450 at 5.75%$942.18
161,450 at 5.76%$943.20
161,450 at 5.77%$944.23
161,450 at 5.78%$945.26
161,450 at 5.79%$946.28
161,450 at 5.8%$947.31
161,450 at 5.81%$948.34
161,450 at 5.82%$949.37
161,450 at 5.83%$950.40
161,450 at 5.84%$951.43
161,450 at 5.85%$952.46
161,450 at 5.86%$953.49
161,450 at 5.87%$954.52
161,450 at 5.88%$955.55
161,450 at 5.89%$956.59
161,450 at 5.9%$957.62
161,450 at 5.91%$958.65
161,450 at 5.92%$959.69
161,450 at 5.93%$960.72
161,450 at 5.94%$961.76
161,450 at 5.95%$962.79
161,450 at 5.96%$963.83
161,450 at 5.97%$964.86
161,450 at 5.98%$965.90
161,450 at 5.99%$966.94
161,450 at 6%$967.97
161,450 at 6.01%$969.01
161,450 at 6.02%$970.05
161,450 at 6.03%$971.09
161,450 at 6.04%$972.13
161,450 at 6.05%$973.17
161,450 at 6.06%$974.21
161,450 at 6.07%$975.25
161,450 at 6.08%$976.29
161,450 at 6.09%$977.34
161,450 at 6.1%$978.38
161,450 at 6.11%$979.42
161,450 at 6.12%$980.47
161,450 at 6.13%$981.51
161,450 at 6.14%$982.55
161,450 at 6.15%$983.60
161,450 at 6.16%$984.64
161,450 at 6.17%$985.69
161,450 at 6.18%$986.74
161,450 at 6.19%$987.78
161,450 at 6.2%$988.83
161,450 at 6.21%$989.88
161,450 at 6.22%$990.93
161,450 at 6.23%$991.98
161,450 at 6.24%$993.03
161,450 at 6.25%$994.08
161,450 at 6.26%$995.13
161,450 at 6.27%$996.18
161,450 at 6.28%$997.23
161,450 at 6.29%$998.28
161,450 at 6.3%$999.33
161,450 at 6.31%$1,000.38
161,450 at 6.32%$1,001.44
161,450 at 6.33%$1,002.49
161,450 at 6.34%$1,003.55
161,450 at 6.35%$1,004.60
161,450 at 6.36%$1,005.65
161,450 at 6.37%$1,006.71
161,450 at 6.38%$1,007.77
161,450 at 6.39%$1,008.82
161,450 at 6.4%$1,009.88
161,450 at 6.41%$1,010.94
161,450 at 6.42%$1,011.99
161,450 at 6.43%$1,013.05
161,450 at 6.44%$1,014.11
161,450 at 6.45%$1,015.17
161,450 at 6.46%$1,016.23
161,450 at 6.47%$1,017.29
161,450 at 6.48%$1,018.35
161,450 at 6.49%$1,019.41
161,450 at 6.5%$1,020.47
Interest Rate 30 Year
161,450 at 6.51%$1,021.54
161,450 at 6.52%$1,022.60
161,450 at 6.53%$1,023.66
161,450 at 6.54%$1,024.72
161,450 at 6.55%$1,025.79
161,450 at 6.56%$1,026.85
161,450 at 6.57%$1,027.92
161,450 at 6.58%$1,028.98
161,450 at 6.59%$1,030.05
161,450 at 6.6%$1,031.11
161,450 at 6.61%$1,032.18
161,450 at 6.62%$1,033.25
161,450 at 6.63%$1,034.32
161,450 at 6.64%$1,035.38
161,450 at 6.65%$1,036.45
161,450 at 6.66%$1,037.52
161,450 at 6.67%$1,038.59
161,450 at 6.68%$1,039.66
161,450 at 6.69%$1,040.73
161,450 at 6.7%$1,041.80
161,450 at 6.71%$1,042.87
161,450 at 6.72%$1,043.94
161,450 at 6.73%$1,045.02
161,450 at 6.74%$1,046.09
161,450 at 6.75%$1,047.16
161,450 at 6.76%$1,048.24
161,450 at 6.77%$1,049.31
161,450 at 6.78%$1,050.38
161,450 at 6.79%$1,051.46
161,450 at 6.8%$1,052.53
161,450 at 6.81%$1,053.61
161,450 at 6.82%$1,054.68
161,450 at 6.83%$1,055.76
161,450 at 6.84%$1,056.84
161,450 at 6.85%$1,057.92
161,450 at 6.86%$1,058.99
161,450 at 6.87%$1,060.07
161,450 at 6.88%$1,061.15
161,450 at 6.89%$1,062.23
161,450 at 6.9%$1,063.31
161,450 at 6.91%$1,064.39
161,450 at 6.92%$1,065.47
161,450 at 6.93%$1,066.55
161,450 at 6.94%$1,067.63
161,450 at 6.95%$1,068.71
161,450 at 6.96%$1,069.80
161,450 at 6.97%$1,070.88
161,450 at 6.98%$1,071.96
161,450 at 6.99%$1,073.05
161,450 at 7%$1,074.13
161,450 at 7.01%$1,075.22
161,450 at 7.02%$1,076.30
161,450 at 7.03%$1,077.39
161,450 at 7.04%$1,078.47
161,450 at 7.05%$1,079.56
161,450 at 7.06%$1,080.64
161,450 at 7.07%$1,081.73
161,450 at 7.08%$1,082.82
161,450 at 7.09%$1,083.91
161,450 at 7.1%$1,085.00
161,450 at 7.11%$1,086.08
161,450 at 7.12%$1,087.17
161,450 at 7.13%$1,088.26
161,450 at 7.14%$1,089.35
161,450 at 7.15%$1,090.44
161,450 at 7.16%$1,091.54
161,450 at 7.17%$1,092.63
161,450 at 7.18%$1,093.72
161,450 at 7.19%$1,094.81
161,450 at 7.2%$1,095.90
161,450 at 7.21%$1,097.00
161,450 at 7.22%$1,098.09
161,450 at 7.23%$1,099.18
161,450 at 7.24%$1,100.28
161,450 at 7.25%$1,101.37
161,450 at 7.26%$1,102.47
161,450 at 7.27%$1,103.56
161,450 at 7.28%$1,104.66
161,450 at 7.29%$1,105.76
161,450 at 7.3%$1,106.85
161,450 at 7.31%$1,107.95
161,450 at 7.32%$1,109.05
161,450 at 7.33%$1,110.15
161,450 at 7.34%$1,111.25
161,450 at 7.35%$1,112.35
161,450 at 7.36%$1,113.44
161,450 at 7.37%$1,114.54
161,450 at 7.38%$1,115.65
161,450 at 7.39%$1,116.75
161,450 at 7.4%$1,117.85
161,450 at 7.41%$1,118.95
161,450 at 7.42%$1,120.05
161,450 at 7.43%$1,121.15
161,450 at 7.44%$1,122.26
161,450 at 7.45%$1,123.36
161,450 at 7.46%$1,124.46
161,450 at 7.47%$1,125.57
161,450 at 7.48%$1,126.67
161,450 at 7.49%$1,127.78
161,450 at 7.5%$1,128.88
161,450 at 7.51%$1,129.99
161,450 at 7.52%$1,131.09
161,450 at 7.53%$1,132.20
161,450 at 7.54%$1,133.31
161,450 at 7.55%$1,134.41
161,450 at 7.56%$1,135.52
161,450 at 7.57%$1,136.63
161,450 at 7.58%$1,137.74
161,450 at 7.59%$1,138.85
161,450 at 7.6%$1,139.96
161,450 at 7.61%$1,141.07
161,450 at 7.62%$1,142.18
161,450 at 7.63%$1,143.29
161,450 at 7.64%$1,144.40
161,450 at 7.65%$1,145.51
161,450 at 7.66%$1,146.62
161,450 at 7.67%$1,147.73
161,450 at 7.68%$1,148.85
161,450 at 7.69%$1,149.96
161,450 at 7.7%$1,151.07
161,450 at 7.71%$1,152.19
161,450 at 7.72%$1,153.30
161,450 at 7.73%$1,154.42
161,450 at 7.74%$1,155.53
161,450 at 7.75%$1,156.65
161,450 at 7.76%$1,157.76
161,450 at 7.77%$1,158.88
161,450 at 7.78%$1,160.00
161,450 at 7.79%$1,161.11
161,450 at 7.8%$1,162.23
161,450 at 7.81%$1,163.35
161,450 at 7.82%$1,164.47
161,450 at 7.83%$1,165.59
161,450 at 7.84%$1,166.70
161,450 at 7.85%$1,167.82
161,450 at 7.86%$1,168.94
161,450 at 7.87%$1,170.06
161,450 at 7.88%$1,171.18
161,450 at 7.89%$1,172.31
161,450 at 7.9%$1,173.43
161,450 at 7.91%$1,174.55
161,450 at 7.92%$1,175.67
161,450 at 7.93%$1,176.79
161,450 at 7.94%$1,177.92
161,450 at 7.95%$1,179.04
161,450 at 7.96%$1,180.16
161,450 at 7.97%$1,181.29
161,450 at 7.98%$1,182.41
161,450 at 7.99%$1,183.54
161,450 at 8%$1,184.66
More Amounts
What is the down payment for a $161,450 house? How much do you need to put down?
Percent Down Down Payment
1%1,615
2%3,229
3%4,844
4%6,458
5%8,073
6%9,687
7%11,302
8%12,916
9%14,531
10%16,145
11%17,760
12%19,374
13%20,989
14%22,603
15%24,218
16%25,832
17%27,447
18%29,061
19%30,676
20%32,290
Percent Down Down Payment
21%33,905
22%35,519
23%37,134
24%38,748
25%40,363
26%41,977
27%43,592
28%45,206
29%46,821
30%48,435
31%50,050
32%51,664
33%53,279
34%54,893
35%56,508
36%58,122
37%59,737
38%61,351
39%62,966
40%64,580
Percent Down Down Payment
41%66,195
42%67,809
43%69,424
44%71,038
45%72,653
46%74,267
47%75,882
48%77,496
49%79,111
50%80,725
51%82,340
52%83,954
53%85,569
54%87,183
55%88,798
56%90,412
57%92,027
58%93,641
59%95,256
60%96,870
Percent Down Down Payment
61%98,485
62%100,099
63%101,714
64%103,328
65%104,943
66%106,557
67%108,172
68%109,786
69%111,401
70%113,015
71%114,630
72%116,244
73%117,859
74%119,473
75%121,088
76%122,702
77%124,317
78%125,931
79%127,546
80%129,160
Percent Down Down Payment
81%130,775
82%132,389
83%134,004
84%135,618
85%137,233
86%138,847
87%140,462
88%142,076
89%143,691
90%145,305
91%146,920
92%148,534
93%150,149
94%151,763
95%153,378
96%154,992
97%156,607
98%158,221
99%159,836
100%161,450
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.