$161,700 Mortgage for 30 Years

What is the monthly payment of a 161,700 dollar loan?
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Loan Tables for a $161,700 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 162k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $161,700 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
161,700 at 2.01%$598.48
161,700 at 2.02%$599.29
161,700 at 2.03%$600.10
161,700 at 2.04%$600.91
161,700 at 2.05%$601.73
161,700 at 2.06%$602.54
161,700 at 2.07%$603.35
161,700 at 2.08%$604.16
161,700 at 2.09%$604.98
161,700 at 2.1%$605.79
161,700 at 2.11%$606.61
161,700 at 2.12%$607.42
161,700 at 2.13%$608.24
161,700 at 2.14%$609.06
161,700 at 2.15%$609.88
161,700 at 2.16%$610.70
161,700 at 2.17%$611.51
161,700 at 2.18%$612.33
161,700 at 2.19%$613.16
161,700 at 2.2%$613.98
161,700 at 2.21%$614.80
161,700 at 2.22%$615.62
161,700 at 2.23%$616.44
161,700 at 2.24%$617.27
161,700 at 2.25%$618.09
161,700 at 2.26%$618.92
161,700 at 2.27%$619.74
161,700 at 2.28%$620.57
161,700 at 2.29%$621.40
161,700 at 2.3%$622.22
161,700 at 2.31%$623.05
161,700 at 2.32%$623.88
161,700 at 2.33%$624.71
161,700 at 2.34%$625.54
161,700 at 2.35%$626.37
161,700 at 2.36%$627.20
161,700 at 2.37%$628.04
161,700 at 2.38%$628.87
161,700 at 2.39%$629.70
161,700 at 2.4%$630.54
161,700 at 2.41%$631.37
161,700 at 2.42%$632.21
161,700 at 2.43%$633.04
161,700 at 2.44%$633.88
161,700 at 2.45%$634.71
161,700 at 2.46%$635.55
161,700 at 2.47%$636.39
161,700 at 2.48%$637.23
161,700 at 2.49%$638.07
161,700 at 2.5%$638.91
161,700 at 2.51%$639.75
161,700 at 2.52%$640.59
161,700 at 2.53%$641.44
161,700 at 2.54%$642.28
161,700 at 2.55%$643.12
161,700 at 2.56%$643.97
161,700 at 2.57%$644.81
161,700 at 2.58%$645.66
161,700 at 2.59%$646.50
161,700 at 2.6%$647.35
161,700 at 2.61%$648.20
161,700 at 2.62%$649.04
161,700 at 2.63%$649.89
161,700 at 2.64%$650.74
161,700 at 2.65%$651.59
161,700 at 2.66%$652.44
161,700 at 2.67%$653.29
161,700 at 2.68%$654.15
161,700 at 2.69%$655.00
161,700 at 2.7%$655.85
161,700 at 2.71%$656.71
161,700 at 2.72%$657.56
161,700 at 2.73%$658.41
161,700 at 2.74%$659.27
161,700 at 2.75%$660.13
161,700 at 2.76%$660.98
161,700 at 2.77%$661.84
161,700 at 2.78%$662.70
161,700 at 2.79%$663.56
161,700 at 2.8%$664.42
161,700 at 2.81%$665.28
161,700 at 2.82%$666.14
161,700 at 2.83%$667.00
161,700 at 2.84%$667.86
161,700 at 2.85%$668.72
161,700 at 2.86%$669.59
161,700 at 2.87%$670.45
161,700 at 2.88%$671.31
161,700 at 2.89%$672.18
161,700 at 2.9%$673.04
161,700 at 2.91%$673.91
161,700 at 2.92%$674.78
161,700 at 2.93%$675.64
161,700 at 2.94%$676.51
161,700 at 2.95%$677.38
161,700 at 2.96%$678.25
161,700 at 2.97%$679.12
161,700 at 2.98%$679.99
161,700 at 2.99%$680.86
161,700 at 3%$681.73
161,700 at 3.01%$682.61
161,700 at 3.02%$683.48
161,700 at 3.03%$684.35
161,700 at 3.04%$685.23
161,700 at 3.05%$686.10
161,700 at 3.06%$686.98
161,700 at 3.07%$687.85
161,700 at 3.08%$688.73
161,700 at 3.09%$689.61
161,700 at 3.1%$690.49
161,700 at 3.11%$691.36
161,700 at 3.12%$692.24
161,700 at 3.13%$693.12
161,700 at 3.14%$694.00
161,700 at 3.15%$694.88
161,700 at 3.16%$695.77
161,700 at 3.17%$696.65
161,700 at 3.18%$697.53
161,700 at 3.19%$698.41
161,700 at 3.2%$699.30
161,700 at 3.21%$700.18
161,700 at 3.22%$701.07
161,700 at 3.23%$701.95
161,700 at 3.24%$702.84
161,700 at 3.25%$703.73
161,700 at 3.26%$704.62
161,700 at 3.27%$705.50
161,700 at 3.28%$706.39
161,700 at 3.29%$707.28
161,700 at 3.3%$708.17
161,700 at 3.31%$709.06
161,700 at 3.32%$709.96
161,700 at 3.33%$710.85
161,700 at 3.34%$711.74
161,700 at 3.35%$712.63
161,700 at 3.36%$713.53
161,700 at 3.37%$714.42
161,700 at 3.38%$715.32
161,700 at 3.39%$716.21
161,700 at 3.4%$717.11
161,700 at 3.41%$718.01
161,700 at 3.42%$718.90
161,700 at 3.43%$719.80
161,700 at 3.44%$720.70
161,700 at 3.45%$721.60
161,700 at 3.46%$722.50
161,700 at 3.47%$723.40
161,700 at 3.48%$724.30
161,700 at 3.49%$725.20
161,700 at 3.5%$726.11
Interest Rate 30 Year
161,700 at 3.51%$727.01
161,700 at 3.52%$727.91
161,700 at 3.53%$728.82
161,700 at 3.54%$729.72
161,700 at 3.55%$730.63
161,700 at 3.56%$731.53
161,700 at 3.57%$732.44
161,700 at 3.58%$733.35
161,700 at 3.59%$734.25
161,700 at 3.6%$735.16
161,700 at 3.61%$736.07
161,700 at 3.62%$736.98
161,700 at 3.63%$737.89
161,700 at 3.64%$738.80
161,700 at 3.65%$739.71
161,700 at 3.66%$740.62
161,700 at 3.67%$741.54
161,700 at 3.68%$742.45
161,700 at 3.69%$743.36
161,700 at 3.7%$744.28
161,700 at 3.71%$745.19
161,700 at 3.72%$746.11
161,700 at 3.73%$747.02
161,700 at 3.74%$747.94
161,700 at 3.75%$748.86
161,700 at 3.76%$749.78
161,700 at 3.77%$750.69
161,700 at 3.78%$751.61
161,700 at 3.79%$752.53
161,700 at 3.8%$753.45
161,700 at 3.81%$754.37
161,700 at 3.82%$755.30
161,700 at 3.83%$756.22
161,700 at 3.84%$757.14
161,700 at 3.85%$758.06
161,700 at 3.86%$758.99
161,700 at 3.87%$759.91
161,700 at 3.88%$760.84
161,700 at 3.89%$761.76
161,700 at 3.9%$762.69
161,700 at 3.91%$763.61
161,700 at 3.92%$764.54
161,700 at 3.93%$765.47
161,700 at 3.94%$766.40
161,700 at 3.95%$767.33
161,700 at 3.96%$768.26
161,700 at 3.97%$769.19
161,700 at 3.98%$770.12
161,700 at 3.99%$771.05
161,700 at 4%$771.98
161,700 at 4.01%$772.91
161,700 at 4.02%$773.85
161,700 at 4.03%$774.78
161,700 at 4.04%$775.71
161,700 at 4.05%$776.65
161,700 at 4.06%$777.58
161,700 at 4.07%$778.52
161,700 at 4.08%$779.46
161,700 at 4.09%$780.39
161,700 at 4.1%$781.33
161,700 at 4.11%$782.27
161,700 at 4.12%$783.21
161,700 at 4.13%$784.15
161,700 at 4.14%$785.09
161,700 at 4.15%$786.03
161,700 at 4.16%$786.97
161,700 at 4.17%$787.91
161,700 at 4.18%$788.85
161,700 at 4.19%$789.80
161,700 at 4.2%$790.74
161,700 at 4.21%$791.68
161,700 at 4.22%$792.63
161,700 at 4.23%$793.57
161,700 at 4.24%$794.52
161,700 at 4.25%$795.47
161,700 at 4.26%$796.41
161,700 at 4.27%$797.36
161,700 at 4.28%$798.31
161,700 at 4.29%$799.26
161,700 at 4.3%$800.21
161,700 at 4.31%$801.16
161,700 at 4.32%$802.11
161,700 at 4.33%$803.06
161,700 at 4.34%$804.01
161,700 at 4.35%$804.96
161,700 at 4.36%$805.91
161,700 at 4.37%$806.87
161,700 at 4.38%$807.82
161,700 at 4.39%$808.78
161,700 at 4.4%$809.73
161,700 at 4.41%$810.69
161,700 at 4.42%$811.64
161,700 at 4.43%$812.60
161,700 at 4.44%$813.56
161,700 at 4.45%$814.51
161,700 at 4.46%$815.47
161,700 at 4.47%$816.43
161,700 at 4.48%$817.39
161,700 at 4.49%$818.35
161,700 at 4.5%$819.31
161,700 at 4.51%$820.27
161,700 at 4.52%$821.23
161,700 at 4.53%$822.20
161,700 at 4.54%$823.16
161,700 at 4.55%$824.12
161,700 at 4.56%$825.08
161,700 at 4.57%$826.05
161,700 at 4.58%$827.01
161,700 at 4.59%$827.98
161,700 at 4.6%$828.95
161,700 at 4.61%$829.91
161,700 at 4.62%$830.88
161,700 at 4.63%$831.85
161,700 at 4.64%$832.82
161,700 at 4.65%$833.78
161,700 at 4.66%$834.75
161,700 at 4.67%$835.72
161,700 at 4.68%$836.69
161,700 at 4.69%$837.67
161,700 at 4.7%$838.64
161,700 at 4.71%$839.61
161,700 at 4.72%$840.58
161,700 at 4.73%$841.56
161,700 at 4.74%$842.53
161,700 at 4.75%$843.50
161,700 at 4.76%$844.48
161,700 at 4.77%$845.45
161,700 at 4.78%$846.43
161,700 at 4.79%$847.41
161,700 at 4.8%$848.38
161,700 at 4.81%$849.36
161,700 at 4.82%$850.34
161,700 at 4.83%$851.32
161,700 at 4.84%$852.30
161,700 at 4.85%$853.28
161,700 at 4.86%$854.26
161,700 at 4.87%$855.24
161,700 at 4.88%$856.22
161,700 at 4.89%$857.20
161,700 at 4.9%$858.19
161,700 at 4.91%$859.17
161,700 at 4.92%$860.15
161,700 at 4.93%$861.14
161,700 at 4.94%$862.12
161,700 at 4.95%$863.11
161,700 at 4.96%$864.09
161,700 at 4.97%$865.08
161,700 at 4.98%$866.07
161,700 at 4.99%$867.05
161,700 at 5%$868.04
Interest Rate 30 Year
161,700 at 5.01%$869.03
161,700 at 5.02%$870.02
161,700 at 5.03%$871.01
161,700 at 5.04%$872.00
161,700 at 5.05%$872.99
161,700 at 5.06%$873.98
161,700 at 5.07%$874.97
161,700 at 5.08%$875.96
161,700 at 5.09%$876.96
161,700 at 5.1%$877.95
161,700 at 5.11%$878.94
161,700 at 5.12%$879.94
161,700 at 5.13%$880.93
161,700 at 5.14%$881.93
161,700 at 5.15%$882.92
161,700 at 5.16%$883.92
161,700 at 5.17%$884.92
161,700 at 5.18%$885.92
161,700 at 5.19%$886.91
161,700 at 5.2%$887.91
161,700 at 5.21%$888.91
161,700 at 5.22%$889.91
161,700 at 5.23%$890.91
161,700 at 5.24%$891.91
161,700 at 5.25%$892.91
161,700 at 5.26%$893.92
161,700 at 5.27%$894.92
161,700 at 5.28%$895.92
161,700 at 5.29%$896.92
161,700 at 5.3%$897.93
161,700 at 5.31%$898.93
161,700 at 5.32%$899.94
161,700 at 5.33%$900.94
161,700 at 5.34%$901.95
161,700 at 5.35%$902.95
161,700 at 5.36%$903.96
161,700 at 5.37%$904.97
161,700 at 5.38%$905.98
161,700 at 5.39%$906.99
161,700 at 5.4%$908.00
161,700 at 5.41%$909.00
161,700 at 5.42%$910.02
161,700 at 5.43%$911.03
161,700 at 5.44%$912.04
161,700 at 5.45%$913.05
161,700 at 5.46%$914.06
161,700 at 5.47%$915.07
161,700 at 5.48%$916.09
161,700 at 5.49%$917.10
161,700 at 5.5%$918.11
161,700 at 5.51%$919.13
161,700 at 5.52%$920.14
161,700 at 5.53%$921.16
161,700 at 5.54%$922.18
161,700 at 5.55%$923.19
161,700 at 5.56%$924.21
161,700 at 5.57%$925.23
161,700 at 5.58%$926.25
161,700 at 5.59%$927.27
161,700 at 5.6%$928.29
161,700 at 5.61%$929.31
161,700 at 5.62%$930.33
161,700 at 5.63%$931.35
161,700 at 5.64%$932.37
161,700 at 5.65%$933.39
161,700 at 5.66%$934.41
161,700 at 5.67%$935.44
161,700 at 5.68%$936.46
161,700 at 5.69%$937.48
161,700 at 5.7%$938.51
161,700 at 5.71%$939.53
161,700 at 5.72%$940.56
161,700 at 5.73%$941.58
161,700 at 5.74%$942.61
161,700 at 5.75%$943.64
161,700 at 5.76%$944.66
161,700 at 5.77%$945.69
161,700 at 5.78%$946.72
161,700 at 5.79%$947.75
161,700 at 5.8%$948.78
161,700 at 5.81%$949.81
161,700 at 5.82%$950.84
161,700 at 5.83%$951.87
161,700 at 5.84%$952.90
161,700 at 5.85%$953.93
161,700 at 5.86%$954.97
161,700 at 5.87%$956.00
161,700 at 5.88%$957.03
161,700 at 5.89%$958.07
161,700 at 5.9%$959.10
161,700 at 5.91%$960.14
161,700 at 5.92%$961.17
161,700 at 5.93%$962.21
161,700 at 5.94%$963.24
161,700 at 5.95%$964.28
161,700 at 5.96%$965.32
161,700 at 5.97%$966.36
161,700 at 5.98%$967.39
161,700 at 5.99%$968.43
161,700 at 6%$969.47
161,700 at 6.01%$970.51
161,700 at 6.02%$971.55
161,700 at 6.03%$972.59
161,700 at 6.04%$973.64
161,700 at 6.05%$974.68
161,700 at 6.06%$975.72
161,700 at 6.07%$976.76
161,700 at 6.08%$977.81
161,700 at 6.09%$978.85
161,700 at 6.1%$979.89
161,700 at 6.11%$980.94
161,700 at 6.12%$981.98
161,700 at 6.13%$983.03
161,700 at 6.14%$984.08
161,700 at 6.15%$985.12
161,700 at 6.16%$986.17
161,700 at 6.17%$987.22
161,700 at 6.18%$988.26
161,700 at 6.19%$989.31
161,700 at 6.2%$990.36
161,700 at 6.21%$991.41
161,700 at 6.22%$992.46
161,700 at 6.23%$993.51
161,700 at 6.24%$994.56
161,700 at 6.25%$995.61
161,700 at 6.26%$996.67
161,700 at 6.27%$997.72
161,700 at 6.28%$998.77
161,700 at 6.29%$999.83
161,700 at 6.3%$1,000.88
161,700 at 6.31%$1,001.93
161,700 at 6.32%$1,002.99
161,700 at 6.33%$1,004.04
161,700 at 6.34%$1,005.10
161,700 at 6.35%$1,006.16
161,700 at 6.36%$1,007.21
161,700 at 6.37%$1,008.27
161,700 at 6.38%$1,009.33
161,700 at 6.39%$1,010.38
161,700 at 6.4%$1,011.44
161,700 at 6.41%$1,012.50
161,700 at 6.42%$1,013.56
161,700 at 6.43%$1,014.62
161,700 at 6.44%$1,015.68
161,700 at 6.45%$1,016.74
161,700 at 6.46%$1,017.80
161,700 at 6.47%$1,018.87
161,700 at 6.48%$1,019.93
161,700 at 6.49%$1,020.99
161,700 at 6.5%$1,022.05
Interest Rate 30 Year
161,700 at 6.51%$1,023.12
161,700 at 6.52%$1,024.18
161,700 at 6.53%$1,025.25
161,700 at 6.54%$1,026.31
161,700 at 6.55%$1,027.38
161,700 at 6.56%$1,028.44
161,700 at 6.57%$1,029.51
161,700 at 6.58%$1,030.58
161,700 at 6.59%$1,031.64
161,700 at 6.6%$1,032.71
161,700 at 6.61%$1,033.78
161,700 at 6.62%$1,034.85
161,700 at 6.63%$1,035.92
161,700 at 6.64%$1,036.99
161,700 at 6.65%$1,038.06
161,700 at 6.66%$1,039.13
161,700 at 6.67%$1,040.20
161,700 at 6.68%$1,041.27
161,700 at 6.69%$1,042.34
161,700 at 6.7%$1,043.41
161,700 at 6.71%$1,044.49
161,700 at 6.72%$1,045.56
161,700 at 6.73%$1,046.63
161,700 at 6.74%$1,047.71
161,700 at 6.75%$1,048.78
161,700 at 6.76%$1,049.86
161,700 at 6.77%$1,050.93
161,700 at 6.78%$1,052.01
161,700 at 6.79%$1,053.09
161,700 at 6.8%$1,054.16
161,700 at 6.81%$1,055.24
161,700 at 6.82%$1,056.32
161,700 at 6.83%$1,057.40
161,700 at 6.84%$1,058.48
161,700 at 6.85%$1,059.55
161,700 at 6.86%$1,060.63
161,700 at 6.87%$1,061.71
161,700 at 6.88%$1,062.79
161,700 at 6.89%$1,063.88
161,700 at 6.9%$1,064.96
161,700 at 6.91%$1,066.04
161,700 at 6.92%$1,067.12
161,700 at 6.93%$1,068.20
161,700 at 6.94%$1,069.29
161,700 at 6.95%$1,070.37
161,700 at 6.96%$1,071.45
161,700 at 6.97%$1,072.54
161,700 at 6.98%$1,073.62
161,700 at 6.99%$1,074.71
161,700 at 7%$1,075.79
161,700 at 7.01%$1,076.88
161,700 at 7.02%$1,077.97
161,700 at 7.03%$1,079.05
161,700 at 7.04%$1,080.14
161,700 at 7.05%$1,081.23
161,700 at 7.06%$1,082.32
161,700 at 7.07%$1,083.41
161,700 at 7.08%$1,084.50
161,700 at 7.09%$1,085.59
161,700 at 7.1%$1,086.68
161,700 at 7.11%$1,087.77
161,700 at 7.12%$1,088.86
161,700 at 7.13%$1,089.95
161,700 at 7.14%$1,091.04
161,700 at 7.15%$1,092.13
161,700 at 7.16%$1,093.23
161,700 at 7.17%$1,094.32
161,700 at 7.18%$1,095.41
161,700 at 7.19%$1,096.51
161,700 at 7.2%$1,097.60
161,700 at 7.21%$1,098.70
161,700 at 7.22%$1,099.79
161,700 at 7.23%$1,100.89
161,700 at 7.24%$1,101.98
161,700 at 7.25%$1,103.08
161,700 at 7.26%$1,104.18
161,700 at 7.27%$1,105.27
161,700 at 7.28%$1,106.37
161,700 at 7.29%$1,107.47
161,700 at 7.3%$1,108.57
161,700 at 7.31%$1,109.67
161,700 at 7.32%$1,110.77
161,700 at 7.33%$1,111.87
161,700 at 7.34%$1,112.97
161,700 at 7.35%$1,114.07
161,700 at 7.36%$1,115.17
161,700 at 7.37%$1,116.27
161,700 at 7.38%$1,117.37
161,700 at 7.39%$1,118.48
161,700 at 7.4%$1,119.58
161,700 at 7.41%$1,120.68
161,700 at 7.42%$1,121.79
161,700 at 7.43%$1,122.89
161,700 at 7.44%$1,123.99
161,700 at 7.45%$1,125.10
161,700 at 7.46%$1,126.20
161,700 at 7.47%$1,127.31
161,700 at 7.48%$1,128.42
161,700 at 7.49%$1,129.52
161,700 at 7.5%$1,130.63
161,700 at 7.51%$1,131.74
161,700 at 7.52%$1,132.85
161,700 at 7.53%$1,133.95
161,700 at 7.54%$1,135.06
161,700 at 7.55%$1,136.17
161,700 at 7.56%$1,137.28
161,700 at 7.57%$1,138.39
161,700 at 7.58%$1,139.50
161,700 at 7.59%$1,140.61
161,700 at 7.6%$1,141.72
161,700 at 7.61%$1,142.83
161,700 at 7.62%$1,143.95
161,700 at 7.63%$1,145.06
161,700 at 7.64%$1,146.17
161,700 at 7.65%$1,147.28
161,700 at 7.66%$1,148.40
161,700 at 7.67%$1,149.51
161,700 at 7.68%$1,150.63
161,700 at 7.69%$1,151.74
161,700 at 7.7%$1,152.86
161,700 at 7.71%$1,153.97
161,700 at 7.72%$1,155.09
161,700 at 7.73%$1,156.20
161,700 at 7.74%$1,157.32
161,700 at 7.75%$1,158.44
161,700 at 7.76%$1,159.56
161,700 at 7.77%$1,160.67
161,700 at 7.78%$1,161.79
161,700 at 7.79%$1,162.91
161,700 at 7.8%$1,164.03
161,700 at 7.81%$1,165.15
161,700 at 7.82%$1,166.27
161,700 at 7.83%$1,167.39
161,700 at 7.84%$1,168.51
161,700 at 7.85%$1,169.63
161,700 at 7.86%$1,170.75
161,700 at 7.87%$1,171.88
161,700 at 7.88%$1,173.00
161,700 at 7.89%$1,174.12
161,700 at 7.9%$1,175.24
161,700 at 7.91%$1,176.37
161,700 at 7.92%$1,177.49
161,700 at 7.93%$1,178.62
161,700 at 7.94%$1,179.74
161,700 at 7.95%$1,180.87
161,700 at 7.96%$1,181.99
161,700 at 7.97%$1,183.12
161,700 at 7.98%$1,184.24
161,700 at 7.99%$1,185.37
161,700 at 8%$1,186.50
More Amounts
What is the down payment for a $161,700 house? How much do you need to put down?
Percent Down Down Payment
1%1,617
2%3,234
3%4,851
4%6,468
5%8,085
6%9,702
7%11,319
8%12,936
9%14,553
10%16,170
11%17,787
12%19,404
13%21,021
14%22,638
15%24,255
16%25,872
17%27,489
18%29,106
19%30,723
20%32,340
Percent Down Down Payment
21%33,957
22%35,574
23%37,191
24%38,808
25%40,425
26%42,042
27%43,659
28%45,276
29%46,893
30%48,510
31%50,127
32%51,744
33%53,361
34%54,978
35%56,595
36%58,212
37%59,829
38%61,446
39%63,063
40%64,680
Percent Down Down Payment
41%66,297
42%67,914
43%69,531
44%71,148
45%72,765
46%74,382
47%75,999
48%77,616
49%79,233
50%80,850
51%82,467
52%84,084
53%85,701
54%87,318
55%88,935
56%90,552
57%92,169
58%93,786
59%95,403
60%97,020
Percent Down Down Payment
61%98,637
62%100,254
63%101,871
64%103,488
65%105,105
66%106,722
67%108,339
68%109,956
69%111,573
70%113,190
71%114,807
72%116,424
73%118,041
74%119,658
75%121,275
76%122,892
77%124,509
78%126,126
79%127,743
80%129,360
Percent Down Down Payment
81%130,977
82%132,594
83%134,211
84%135,828
85%137,445
86%139,062
87%140,679
88%142,296
89%143,913
90%145,530
91%147,147
92%148,764
93%150,381
94%151,998
95%153,615
96%155,232
97%156,849
98%158,466
99%160,083
100%161,700
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.