$162,000 Mortgage for 30 Years

What is the monthly payment of a 162,000 dollar loan?
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Loan Tables for a $162,000 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 $162,000 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
162,000 at 2.01%$599.59
162,000 at 2.02%$600.41
162,000 at 2.03%$601.22
162,000 at 2.04%$602.03
162,000 at 2.05%$602.84
162,000 at 2.06%$603.66
162,000 at 2.07%$604.47
162,000 at 2.08%$605.29
162,000 at 2.09%$606.10
162,000 at 2.1%$606.92
162,000 at 2.11%$607.73
162,000 at 2.12%$608.55
162,000 at 2.13%$609.37
162,000 at 2.14%$610.19
162,000 at 2.15%$611.01
162,000 at 2.16%$611.83
162,000 at 2.17%$612.65
162,000 at 2.18%$613.47
162,000 at 2.19%$614.29
162,000 at 2.2%$615.12
162,000 at 2.21%$615.94
162,000 at 2.22%$616.76
162,000 at 2.23%$617.59
162,000 at 2.24%$618.41
162,000 at 2.25%$619.24
162,000 at 2.26%$620.07
162,000 at 2.27%$620.89
162,000 at 2.28%$621.72
162,000 at 2.29%$622.55
162,000 at 2.3%$623.38
162,000 at 2.31%$624.21
162,000 at 2.32%$625.04
162,000 at 2.33%$625.87
162,000 at 2.34%$626.70
162,000 at 2.35%$627.53
162,000 at 2.36%$628.37
162,000 at 2.37%$629.20
162,000 at 2.38%$630.03
162,000 at 2.39%$630.87
162,000 at 2.4%$631.71
162,000 at 2.41%$632.54
162,000 at 2.42%$633.38
162,000 at 2.43%$634.22
162,000 at 2.44%$635.05
162,000 at 2.45%$635.89
162,000 at 2.46%$636.73
162,000 at 2.47%$637.57
162,000 at 2.48%$638.41
162,000 at 2.49%$639.25
162,000 at 2.5%$640.10
162,000 at 2.51%$640.94
162,000 at 2.52%$641.78
162,000 at 2.53%$642.63
162,000 at 2.54%$643.47
162,000 at 2.55%$644.32
162,000 at 2.56%$645.16
162,000 at 2.57%$646.01
162,000 at 2.58%$646.85
162,000 at 2.59%$647.70
162,000 at 2.6%$648.55
162,000 at 2.61%$649.40
162,000 at 2.62%$650.25
162,000 at 2.63%$651.10
162,000 at 2.64%$651.95
162,000 at 2.65%$652.80
162,000 at 2.66%$653.65
162,000 at 2.67%$654.51
162,000 at 2.68%$655.36
162,000 at 2.69%$656.21
162,000 at 2.7%$657.07
162,000 at 2.71%$657.92
162,000 at 2.72%$658.78
162,000 at 2.73%$659.64
162,000 at 2.74%$660.49
162,000 at 2.75%$661.35
162,000 at 2.76%$662.21
162,000 at 2.77%$663.07
162,000 at 2.78%$663.93
162,000 at 2.79%$664.79
162,000 at 2.8%$665.65
162,000 at 2.81%$666.51
162,000 at 2.82%$667.37
162,000 at 2.83%$668.24
162,000 at 2.84%$669.10
162,000 at 2.85%$669.96
162,000 at 2.86%$670.83
162,000 at 2.87%$671.69
162,000 at 2.88%$672.56
162,000 at 2.89%$673.43
162,000 at 2.9%$674.29
162,000 at 2.91%$675.16
162,000 at 2.92%$676.03
162,000 at 2.93%$676.90
162,000 at 2.94%$677.77
162,000 at 2.95%$678.64
162,000 at 2.96%$679.51
162,000 at 2.97%$680.38
162,000 at 2.98%$681.25
162,000 at 2.99%$682.13
162,000 at 3%$683.00
162,000 at 3.01%$683.87
162,000 at 3.02%$684.75
162,000 at 3.03%$685.62
162,000 at 3.04%$686.50
162,000 at 3.05%$687.37
162,000 at 3.06%$688.25
162,000 at 3.07%$689.13
162,000 at 3.08%$690.01
162,000 at 3.09%$690.89
162,000 at 3.1%$691.77
162,000 at 3.11%$692.65
162,000 at 3.12%$693.53
162,000 at 3.13%$694.41
162,000 at 3.14%$695.29
162,000 at 3.15%$696.17
162,000 at 3.16%$697.06
162,000 at 3.17%$697.94
162,000 at 3.18%$698.83
162,000 at 3.19%$699.71
162,000 at 3.2%$700.60
162,000 at 3.21%$701.48
162,000 at 3.22%$702.37
162,000 at 3.23%$703.26
162,000 at 3.24%$704.15
162,000 at 3.25%$705.03
162,000 at 3.26%$705.92
162,000 at 3.27%$706.81
162,000 at 3.28%$707.70
162,000 at 3.29%$708.60
162,000 at 3.3%$709.49
162,000 at 3.31%$710.38
162,000 at 3.32%$711.27
162,000 at 3.33%$712.17
162,000 at 3.34%$713.06
162,000 at 3.35%$713.96
162,000 at 3.36%$714.85
162,000 at 3.37%$715.75
162,000 at 3.38%$716.64
162,000 at 3.39%$717.54
162,000 at 3.4%$718.44
162,000 at 3.41%$719.34
162,000 at 3.42%$720.24
162,000 at 3.43%$721.14
162,000 at 3.44%$722.04
162,000 at 3.45%$722.94
162,000 at 3.46%$723.84
162,000 at 3.47%$724.74
162,000 at 3.48%$725.65
162,000 at 3.49%$726.55
162,000 at 3.5%$727.45
Interest Rate 30 Year
162,000 at 3.51%$728.36
162,000 at 3.52%$729.26
162,000 at 3.53%$730.17
162,000 at 3.54%$731.07
162,000 at 3.55%$731.98
162,000 at 3.56%$732.89
162,000 at 3.57%$733.80
162,000 at 3.58%$734.71
162,000 at 3.59%$735.62
162,000 at 3.6%$736.53
162,000 at 3.61%$737.44
162,000 at 3.62%$738.35
162,000 at 3.63%$739.26
162,000 at 3.64%$740.17
162,000 at 3.65%$741.08
162,000 at 3.66%$742.00
162,000 at 3.67%$742.91
162,000 at 3.68%$743.83
162,000 at 3.69%$744.74
162,000 at 3.7%$745.66
162,000 at 3.71%$746.58
162,000 at 3.72%$747.49
162,000 at 3.73%$748.41
162,000 at 3.74%$749.33
162,000 at 3.75%$750.25
162,000 at 3.76%$751.17
162,000 at 3.77%$752.09
162,000 at 3.78%$753.01
162,000 at 3.79%$753.93
162,000 at 3.8%$754.85
162,000 at 3.81%$755.77
162,000 at 3.82%$756.70
162,000 at 3.83%$757.62
162,000 at 3.84%$758.54
162,000 at 3.85%$759.47
162,000 at 3.86%$760.39
162,000 at 3.87%$761.32
162,000 at 3.88%$762.25
162,000 at 3.89%$763.17
162,000 at 3.9%$764.10
162,000 at 3.91%$765.03
162,000 at 3.92%$765.96
162,000 at 3.93%$766.89
162,000 at 3.94%$767.82
162,000 at 3.95%$768.75
162,000 at 3.96%$769.68
162,000 at 3.97%$770.61
162,000 at 3.98%$771.55
162,000 at 3.99%$772.48
162,000 at 4%$773.41
162,000 at 4.01%$774.35
162,000 at 4.02%$775.28
162,000 at 4.03%$776.22
162,000 at 4.04%$777.15
162,000 at 4.05%$778.09
162,000 at 4.06%$779.03
162,000 at 4.07%$779.96
162,000 at 4.08%$780.90
162,000 at 4.09%$781.84
162,000 at 4.1%$782.78
162,000 at 4.11%$783.72
162,000 at 4.12%$784.66
162,000 at 4.13%$785.60
162,000 at 4.14%$786.55
162,000 at 4.15%$787.49
162,000 at 4.16%$788.43
162,000 at 4.17%$789.37
162,000 at 4.18%$790.32
162,000 at 4.19%$791.26
162,000 at 4.2%$792.21
162,000 at 4.21%$793.15
162,000 at 4.22%$794.10
162,000 at 4.23%$795.05
162,000 at 4.24%$795.99
162,000 at 4.25%$796.94
162,000 at 4.26%$797.89
162,000 at 4.27%$798.84
162,000 at 4.28%$799.79
162,000 at 4.29%$800.74
162,000 at 4.3%$801.69
162,000 at 4.31%$802.64
162,000 at 4.32%$803.60
162,000 at 4.33%$804.55
162,000 at 4.34%$805.50
162,000 at 4.35%$806.46
162,000 at 4.36%$807.41
162,000 at 4.37%$808.36
162,000 at 4.38%$809.32
162,000 at 4.39%$810.28
162,000 at 4.4%$811.23
162,000 at 4.41%$812.19
162,000 at 4.42%$813.15
162,000 at 4.43%$814.11
162,000 at 4.44%$815.06
162,000 at 4.45%$816.02
162,000 at 4.46%$816.98
162,000 at 4.47%$817.95
162,000 at 4.48%$818.91
162,000 at 4.49%$819.87
162,000 at 4.5%$820.83
162,000 at 4.51%$821.79
162,000 at 4.52%$822.76
162,000 at 4.53%$823.72
162,000 at 4.54%$824.68
162,000 at 4.55%$825.65
162,000 at 4.56%$826.62
162,000 at 4.57%$827.58
162,000 at 4.58%$828.55
162,000 at 4.59%$829.52
162,000 at 4.6%$830.48
162,000 at 4.61%$831.45
162,000 at 4.62%$832.42
162,000 at 4.63%$833.39
162,000 at 4.64%$834.36
162,000 at 4.65%$835.33
162,000 at 4.66%$836.30
162,000 at 4.67%$837.27
162,000 at 4.68%$838.25
162,000 at 4.69%$839.22
162,000 at 4.7%$840.19
162,000 at 4.71%$841.17
162,000 at 4.72%$842.14
162,000 at 4.73%$843.12
162,000 at 4.74%$844.09
162,000 at 4.75%$845.07
162,000 at 4.76%$846.05
162,000 at 4.77%$847.02
162,000 at 4.78%$848.00
162,000 at 4.79%$848.98
162,000 at 4.8%$849.96
162,000 at 4.81%$850.94
162,000 at 4.82%$851.92
162,000 at 4.83%$852.90
162,000 at 4.84%$853.88
162,000 at 4.85%$854.86
162,000 at 4.86%$855.84
162,000 at 4.87%$856.83
162,000 at 4.88%$857.81
162,000 at 4.89%$858.79
162,000 at 4.9%$859.78
162,000 at 4.91%$860.76
162,000 at 4.92%$861.75
162,000 at 4.93%$862.73
162,000 at 4.94%$863.72
162,000 at 4.95%$864.71
162,000 at 4.96%$865.70
162,000 at 4.97%$866.68
162,000 at 4.98%$867.67
162,000 at 4.99%$868.66
162,000 at 5%$869.65
Interest Rate 30 Year
162,000 at 5.01%$870.64
162,000 at 5.02%$871.63
162,000 at 5.03%$872.62
162,000 at 5.04%$873.62
162,000 at 5.05%$874.61
162,000 at 5.06%$875.60
162,000 at 5.07%$876.59
162,000 at 5.08%$877.59
162,000 at 5.09%$878.58
162,000 at 5.1%$879.58
162,000 at 5.11%$880.57
162,000 at 5.12%$881.57
162,000 at 5.13%$882.57
162,000 at 5.14%$883.56
162,000 at 5.15%$884.56
162,000 at 5.16%$885.56
162,000 at 5.17%$886.56
162,000 at 5.18%$887.56
162,000 at 5.19%$888.56
162,000 at 5.2%$889.56
162,000 at 5.21%$890.56
162,000 at 5.22%$891.56
162,000 at 5.23%$892.56
162,000 at 5.24%$893.57
162,000 at 5.25%$894.57
162,000 at 5.26%$895.57
162,000 at 5.27%$896.58
162,000 at 5.28%$897.58
162,000 at 5.29%$898.59
162,000 at 5.3%$899.59
162,000 at 5.31%$900.60
162,000 at 5.32%$901.61
162,000 at 5.33%$902.61
162,000 at 5.34%$903.62
162,000 at 5.35%$904.63
162,000 at 5.36%$905.64
162,000 at 5.37%$906.65
162,000 at 5.38%$907.66
162,000 at 5.39%$908.67
162,000 at 5.4%$909.68
162,000 at 5.41%$910.69
162,000 at 5.42%$911.70
162,000 at 5.43%$912.72
162,000 at 5.44%$913.73
162,000 at 5.45%$914.74
162,000 at 5.46%$915.76
162,000 at 5.47%$916.77
162,000 at 5.48%$917.79
162,000 at 5.49%$918.80
162,000 at 5.5%$919.82
162,000 at 5.51%$920.83
162,000 at 5.52%$921.85
162,000 at 5.53%$922.87
162,000 at 5.54%$923.89
162,000 at 5.55%$924.91
162,000 at 5.56%$925.93
162,000 at 5.57%$926.95
162,000 at 5.58%$927.97
162,000 at 5.59%$928.99
162,000 at 5.6%$930.01
162,000 at 5.61%$931.03
162,000 at 5.62%$932.05
162,000 at 5.63%$933.07
162,000 at 5.64%$934.10
162,000 at 5.65%$935.12
162,000 at 5.66%$936.15
162,000 at 5.67%$937.17
162,000 at 5.68%$938.20
162,000 at 5.69%$939.22
162,000 at 5.7%$940.25
162,000 at 5.71%$941.28
162,000 at 5.72%$942.30
162,000 at 5.73%$943.33
162,000 at 5.74%$944.36
162,000 at 5.75%$945.39
162,000 at 5.76%$946.42
162,000 at 5.77%$947.45
162,000 at 5.78%$948.48
162,000 at 5.79%$949.51
162,000 at 5.8%$950.54
162,000 at 5.81%$951.57
162,000 at 5.82%$952.60
162,000 at 5.83%$953.64
162,000 at 5.84%$954.67
162,000 at 5.85%$955.70
162,000 at 5.86%$956.74
162,000 at 5.87%$957.77
162,000 at 5.88%$958.81
162,000 at 5.89%$959.84
162,000 at 5.9%$960.88
162,000 at 5.91%$961.92
162,000 at 5.92%$962.96
162,000 at 5.93%$963.99
162,000 at 5.94%$965.03
162,000 at 5.95%$966.07
162,000 at 5.96%$967.11
162,000 at 5.97%$968.15
162,000 at 5.98%$969.19
162,000 at 5.99%$970.23
162,000 at 6%$971.27
162,000 at 6.01%$972.31
162,000 at 6.02%$973.36
162,000 at 6.03%$974.40
162,000 at 6.04%$975.44
162,000 at 6.05%$976.49
162,000 at 6.06%$977.53
162,000 at 6.07%$978.57
162,000 at 6.08%$979.62
162,000 at 6.09%$980.67
162,000 at 6.1%$981.71
162,000 at 6.11%$982.76
162,000 at 6.12%$983.81
162,000 at 6.13%$984.85
162,000 at 6.14%$985.90
162,000 at 6.15%$986.95
162,000 at 6.16%$988.00
162,000 at 6.17%$989.05
162,000 at 6.18%$990.10
162,000 at 6.19%$991.15
162,000 at 6.2%$992.20
162,000 at 6.21%$993.25
162,000 at 6.22%$994.30
162,000 at 6.23%$995.36
162,000 at 6.24%$996.41
162,000 at 6.25%$997.46
162,000 at 6.26%$998.52
162,000 at 6.27%$999.57
162,000 at 6.28%$1,000.62
162,000 at 6.29%$1,001.68
162,000 at 6.3%$1,002.74
162,000 at 6.31%$1,003.79
162,000 at 6.32%$1,004.85
162,000 at 6.33%$1,005.91
162,000 at 6.34%$1,006.96
162,000 at 6.35%$1,008.02
162,000 at 6.36%$1,009.08
162,000 at 6.37%$1,010.14
162,000 at 6.38%$1,011.20
162,000 at 6.39%$1,012.26
162,000 at 6.4%$1,013.32
162,000 at 6.41%$1,014.38
162,000 at 6.42%$1,015.44
162,000 at 6.43%$1,016.50
162,000 at 6.44%$1,017.57
162,000 at 6.45%$1,018.63
162,000 at 6.46%$1,019.69
162,000 at 6.47%$1,020.76
162,000 at 6.48%$1,021.82
162,000 at 6.49%$1,022.89
162,000 at 6.5%$1,023.95
Interest Rate 30 Year
162,000 at 6.51%$1,025.02
162,000 at 6.52%$1,026.08
162,000 at 6.53%$1,027.15
162,000 at 6.54%$1,028.22
162,000 at 6.55%$1,029.28
162,000 at 6.56%$1,030.35
162,000 at 6.57%$1,031.42
162,000 at 6.58%$1,032.49
162,000 at 6.59%$1,033.56
162,000 at 6.6%$1,034.63
162,000 at 6.61%$1,035.70
162,000 at 6.62%$1,036.77
162,000 at 6.63%$1,037.84
162,000 at 6.64%$1,038.91
162,000 at 6.65%$1,039.98
162,000 at 6.66%$1,041.06
162,000 at 6.67%$1,042.13
162,000 at 6.68%$1,043.20
162,000 at 6.69%$1,044.28
162,000 at 6.7%$1,045.35
162,000 at 6.71%$1,046.43
162,000 at 6.72%$1,047.50
162,000 at 6.73%$1,048.58
162,000 at 6.74%$1,049.65
162,000 at 6.75%$1,050.73
162,000 at 6.76%$1,051.81
162,000 at 6.77%$1,052.88
162,000 at 6.78%$1,053.96
162,000 at 6.79%$1,055.04
162,000 at 6.8%$1,056.12
162,000 at 6.81%$1,057.20
162,000 at 6.82%$1,058.28
162,000 at 6.83%$1,059.36
162,000 at 6.84%$1,060.44
162,000 at 6.85%$1,061.52
162,000 at 6.86%$1,062.60
162,000 at 6.87%$1,063.68
162,000 at 6.88%$1,064.77
162,000 at 6.89%$1,065.85
162,000 at 6.9%$1,066.93
162,000 at 6.91%$1,068.02
162,000 at 6.92%$1,069.10
162,000 at 6.93%$1,070.18
162,000 at 6.94%$1,071.27
162,000 at 6.95%$1,072.36
162,000 at 6.96%$1,073.44
162,000 at 6.97%$1,074.53
162,000 at 6.98%$1,075.61
162,000 at 6.99%$1,076.70
162,000 at 7%$1,077.79
162,000 at 7.01%$1,078.88
162,000 at 7.02%$1,079.97
162,000 at 7.03%$1,081.06
162,000 at 7.04%$1,082.15
162,000 at 7.05%$1,083.24
162,000 at 7.06%$1,084.33
162,000 at 7.07%$1,085.42
162,000 at 7.08%$1,086.51
162,000 at 7.09%$1,087.60
162,000 at 7.1%$1,088.69
162,000 at 7.11%$1,089.78
162,000 at 7.12%$1,090.88
162,000 at 7.13%$1,091.97
162,000 at 7.14%$1,093.06
162,000 at 7.15%$1,094.16
162,000 at 7.16%$1,095.25
162,000 at 7.17%$1,096.35
162,000 at 7.18%$1,097.44
162,000 at 7.19%$1,098.54
162,000 at 7.2%$1,099.64
162,000 at 7.21%$1,100.73
162,000 at 7.22%$1,101.83
162,000 at 7.23%$1,102.93
162,000 at 7.24%$1,104.03
162,000 at 7.25%$1,105.13
162,000 at 7.26%$1,106.22
162,000 at 7.27%$1,107.32
162,000 at 7.28%$1,108.42
162,000 at 7.29%$1,109.52
162,000 at 7.3%$1,110.62
162,000 at 7.31%$1,111.73
162,000 at 7.32%$1,112.83
162,000 at 7.33%$1,113.93
162,000 at 7.34%$1,115.03
162,000 at 7.35%$1,116.13
162,000 at 7.36%$1,117.24
162,000 at 7.37%$1,118.34
162,000 at 7.38%$1,119.45
162,000 at 7.39%$1,120.55
162,000 at 7.4%$1,121.66
162,000 at 7.41%$1,122.76
162,000 at 7.42%$1,123.87
162,000 at 7.43%$1,124.97
162,000 at 7.44%$1,126.08
162,000 at 7.45%$1,127.19
162,000 at 7.46%$1,128.29
162,000 at 7.47%$1,129.40
162,000 at 7.48%$1,130.51
162,000 at 7.49%$1,131.62
162,000 at 7.5%$1,132.73
162,000 at 7.51%$1,133.84
162,000 at 7.52%$1,134.95
162,000 at 7.53%$1,136.06
162,000 at 7.54%$1,137.17
162,000 at 7.55%$1,138.28
162,000 at 7.56%$1,139.39
162,000 at 7.57%$1,140.50
162,000 at 7.58%$1,141.62
162,000 at 7.59%$1,142.73
162,000 at 7.6%$1,143.84
162,000 at 7.61%$1,144.95
162,000 at 7.62%$1,146.07
162,000 at 7.63%$1,147.18
162,000 at 7.64%$1,148.30
162,000 at 7.65%$1,149.41
162,000 at 7.66%$1,150.53
162,000 at 7.67%$1,151.64
162,000 at 7.68%$1,152.76
162,000 at 7.69%$1,153.88
162,000 at 7.7%$1,155.00
162,000 at 7.71%$1,156.11
162,000 at 7.72%$1,157.23
162,000 at 7.73%$1,158.35
162,000 at 7.74%$1,159.47
162,000 at 7.75%$1,160.59
162,000 at 7.76%$1,161.71
162,000 at 7.77%$1,162.83
162,000 at 7.78%$1,163.95
162,000 at 7.79%$1,165.07
162,000 at 7.8%$1,166.19
162,000 at 7.81%$1,167.31
162,000 at 7.82%$1,168.43
162,000 at 7.83%$1,169.56
162,000 at 7.84%$1,170.68
162,000 at 7.85%$1,171.80
162,000 at 7.86%$1,172.93
162,000 at 7.87%$1,174.05
162,000 at 7.88%$1,175.17
162,000 at 7.89%$1,176.30
162,000 at 7.9%$1,177.42
162,000 at 7.91%$1,178.55
162,000 at 7.92%$1,179.68
162,000 at 7.93%$1,180.80
162,000 at 7.94%$1,181.93
162,000 at 7.95%$1,183.06
162,000 at 7.96%$1,184.18
162,000 at 7.97%$1,185.31
162,000 at 7.98%$1,186.44
162,000 at 7.99%$1,187.57
162,000 at 8%$1,188.70
More Amounts
What is the down payment for a $162,000 house? How much do you need to put down?
Percent Down Down Payment
1%1,620
2%3,240
3%4,860
4%6,480
5%8,100
6%9,720
7%11,340
8%12,960
9%14,580
10%16,200
11%17,820
12%19,440
13%21,060
14%22,680
15%24,300
16%25,920
17%27,540
18%29,160
19%30,780
20%32,400
Percent Down Down Payment
21%34,020
22%35,640
23%37,260
24%38,880
25%40,500
26%42,120
27%43,740
28%45,360
29%46,980
30%48,600
31%50,220
32%51,840
33%53,460
34%55,080
35%56,700
36%58,320
37%59,940
38%61,560
39%63,180
40%64,800
Percent Down Down Payment
41%66,420
42%68,040
43%69,660
44%71,280
45%72,900
46%74,520
47%76,140
48%77,760
49%79,380
50%81,000
51%82,620
52%84,240
53%85,860
54%87,480
55%89,100
56%90,720
57%92,340
58%93,960
59%95,580
60%97,200
Percent Down Down Payment
61%98,820
62%100,440
63%102,060
64%103,680
65%105,300
66%106,920
67%108,540
68%110,160
69%111,780
70%113,400
71%115,020
72%116,640
73%118,260
74%119,880
75%121,500
76%123,120
77%124,740
78%126,360
79%127,980
80%129,600
Percent Down Down Payment
81%131,220
82%132,840
83%134,460
84%136,080
85%137,700
86%139,320
87%140,940
88%142,560
89%144,180
90%145,800
91%147,420
92%149,040
93%150,660
94%152,280
95%153,900
96%155,520
97%157,140
98%158,760
99%160,380
100%162,000
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.