$162,500 Mortgage for 30 Years

What is the monthly payment of a 162,500 dollar loan?
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Loan Tables for a $162,500 Mortgage Loan for 30 Years
See the monthly payment for a thirty year, 163k loan by interest rate. What's the monthly payment? What are the costs? Can I afford a $162,500 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
162,500 at 2.01%$601.44
162,500 at 2.02%$602.26
162,500 at 2.03%$603.07
162,500 at 2.04%$603.89
162,500 at 2.05%$604.70
162,500 at 2.06%$605.52
162,500 at 2.07%$606.34
162,500 at 2.08%$607.15
162,500 at 2.09%$607.97
162,500 at 2.1%$608.79
162,500 at 2.11%$609.61
162,500 at 2.12%$610.43
162,500 at 2.13%$611.25
162,500 at 2.14%$612.07
162,500 at 2.15%$612.89
162,500 at 2.16%$613.72
162,500 at 2.17%$614.54
162,500 at 2.18%$615.36
162,500 at 2.19%$616.19
162,500 at 2.2%$617.01
162,500 at 2.21%$617.84
162,500 at 2.22%$618.67
162,500 at 2.23%$619.49
162,500 at 2.24%$620.32
162,500 at 2.25%$621.15
162,500 at 2.26%$621.98
162,500 at 2.27%$622.81
162,500 at 2.28%$623.64
162,500 at 2.29%$624.47
162,500 at 2.3%$625.30
162,500 at 2.31%$626.13
162,500 at 2.32%$626.97
162,500 at 2.33%$627.80
162,500 at 2.34%$628.64
162,500 at 2.35%$629.47
162,500 at 2.36%$630.31
162,500 at 2.37%$631.14
162,500 at 2.38%$631.98
162,500 at 2.39%$632.82
162,500 at 2.4%$633.65
162,500 at 2.41%$634.49
162,500 at 2.42%$635.33
162,500 at 2.43%$636.17
162,500 at 2.44%$637.01
162,500 at 2.45%$637.86
162,500 at 2.46%$638.70
162,500 at 2.47%$639.54
162,500 at 2.48%$640.38
162,500 at 2.49%$641.23
162,500 at 2.5%$642.07
162,500 at 2.51%$642.92
162,500 at 2.52%$643.76
162,500 at 2.53%$644.61
162,500 at 2.54%$645.46
162,500 at 2.55%$646.30
162,500 at 2.56%$647.15
162,500 at 2.57%$648.00
162,500 at 2.58%$648.85
162,500 at 2.59%$649.70
162,500 at 2.6%$650.55
162,500 at 2.61%$651.40
162,500 at 2.62%$652.26
162,500 at 2.63%$653.11
162,500 at 2.64%$653.96
162,500 at 2.65%$654.82
162,500 at 2.66%$655.67
162,500 at 2.67%$656.53
162,500 at 2.68%$657.38
162,500 at 2.69%$658.24
162,500 at 2.7%$659.10
162,500 at 2.71%$659.95
162,500 at 2.72%$660.81
162,500 at 2.73%$661.67
162,500 at 2.74%$662.53
162,500 at 2.75%$663.39
162,500 at 2.76%$664.25
162,500 at 2.77%$665.11
162,500 at 2.78%$665.98
162,500 at 2.79%$666.84
162,500 at 2.8%$667.70
162,500 at 2.81%$668.57
162,500 at 2.82%$669.43
162,500 at 2.83%$670.30
162,500 at 2.84%$671.16
162,500 at 2.85%$672.03
162,500 at 2.86%$672.90
162,500 at 2.87%$673.77
162,500 at 2.88%$674.63
162,500 at 2.89%$675.50
162,500 at 2.9%$676.37
162,500 at 2.91%$677.24
162,500 at 2.92%$678.12
162,500 at 2.93%$678.99
162,500 at 2.94%$679.86
162,500 at 2.95%$680.73
162,500 at 2.96%$681.61
162,500 at 2.97%$682.48
162,500 at 2.98%$683.35
162,500 at 2.99%$684.23
162,500 at 3%$685.11
162,500 at 3.01%$685.98
162,500 at 3.02%$686.86
162,500 at 3.03%$687.74
162,500 at 3.04%$688.62
162,500 at 3.05%$689.50
162,500 at 3.06%$690.38
162,500 at 3.07%$691.26
162,500 at 3.08%$692.14
162,500 at 3.09%$693.02
162,500 at 3.1%$693.90
162,500 at 3.11%$694.78
162,500 at 3.12%$695.67
162,500 at 3.13%$696.55
162,500 at 3.14%$697.44
162,500 at 3.15%$698.32
162,500 at 3.16%$699.21
162,500 at 3.17%$700.10
162,500 at 3.18%$700.98
162,500 at 3.19%$701.87
162,500 at 3.2%$702.76
162,500 at 3.21%$703.65
162,500 at 3.22%$704.54
162,500 at 3.23%$705.43
162,500 at 3.24%$706.32
162,500 at 3.25%$707.21
162,500 at 3.26%$708.10
162,500 at 3.27%$709.00
162,500 at 3.28%$709.89
162,500 at 3.29%$710.78
162,500 at 3.3%$711.68
162,500 at 3.31%$712.57
162,500 at 3.32%$713.47
162,500 at 3.33%$714.36
162,500 at 3.34%$715.26
162,500 at 3.35%$716.16
162,500 at 3.36%$717.06
162,500 at 3.37%$717.96
162,500 at 3.38%$718.86
162,500 at 3.39%$719.76
162,500 at 3.4%$720.66
162,500 at 3.41%$721.56
162,500 at 3.42%$722.46
162,500 at 3.43%$723.36
162,500 at 3.44%$724.27
162,500 at 3.45%$725.17
162,500 at 3.46%$726.07
162,500 at 3.47%$726.98
162,500 at 3.48%$727.88
162,500 at 3.49%$728.79
162,500 at 3.5%$729.70
Interest Rate 30 Year
162,500 at 3.51%$730.61
162,500 at 3.52%$731.51
162,500 at 3.53%$732.42
162,500 at 3.54%$733.33
162,500 at 3.55%$734.24
162,500 at 3.56%$735.15
162,500 at 3.57%$736.06
162,500 at 3.58%$736.97
162,500 at 3.59%$737.89
162,500 at 3.6%$738.80
162,500 at 3.61%$739.71
162,500 at 3.62%$740.63
162,500 at 3.63%$741.54
162,500 at 3.64%$742.46
162,500 at 3.65%$743.37
162,500 at 3.66%$744.29
162,500 at 3.67%$745.21
162,500 at 3.68%$746.12
162,500 at 3.69%$747.04
162,500 at 3.7%$747.96
162,500 at 3.71%$748.88
162,500 at 3.72%$749.80
162,500 at 3.73%$750.72
162,500 at 3.74%$751.64
162,500 at 3.75%$752.56
162,500 at 3.76%$753.49
162,500 at 3.77%$754.41
162,500 at 3.78%$755.33
162,500 at 3.79%$756.26
162,500 at 3.8%$757.18
162,500 at 3.81%$758.11
162,500 at 3.82%$759.03
162,500 at 3.83%$759.96
162,500 at 3.84%$760.89
162,500 at 3.85%$761.81
162,500 at 3.86%$762.74
162,500 at 3.87%$763.67
162,500 at 3.88%$764.60
162,500 at 3.89%$765.53
162,500 at 3.9%$766.46
162,500 at 3.91%$767.39
162,500 at 3.92%$768.32
162,500 at 3.93%$769.26
162,500 at 3.94%$770.19
162,500 at 3.95%$771.12
162,500 at 3.96%$772.06
162,500 at 3.97%$772.99
162,500 at 3.98%$773.93
162,500 at 3.99%$774.86
162,500 at 4%$775.80
162,500 at 4.01%$776.74
162,500 at 4.02%$777.67
162,500 at 4.03%$778.61
162,500 at 4.04%$779.55
162,500 at 4.05%$780.49
162,500 at 4.06%$781.43
162,500 at 4.07%$782.37
162,500 at 4.08%$783.31
162,500 at 4.09%$784.25
162,500 at 4.1%$785.20
162,500 at 4.11%$786.14
162,500 at 4.12%$787.08
162,500 at 4.13%$788.03
162,500 at 4.14%$788.97
162,500 at 4.15%$789.92
162,500 at 4.16%$790.86
162,500 at 4.17%$791.81
162,500 at 4.18%$792.76
162,500 at 4.19%$793.70
162,500 at 4.2%$794.65
162,500 at 4.21%$795.60
162,500 at 4.22%$796.55
162,500 at 4.23%$797.50
162,500 at 4.24%$798.45
162,500 at 4.25%$799.40
162,500 at 4.26%$800.35
162,500 at 4.27%$801.31
162,500 at 4.28%$802.26
162,500 at 4.29%$803.21
162,500 at 4.3%$804.17
162,500 at 4.31%$805.12
162,500 at 4.32%$806.08
162,500 at 4.33%$807.03
162,500 at 4.34%$807.99
162,500 at 4.35%$808.94
162,500 at 4.36%$809.90
162,500 at 4.37%$810.86
162,500 at 4.38%$811.82
162,500 at 4.39%$812.78
162,500 at 4.4%$813.74
162,500 at 4.41%$814.70
162,500 at 4.42%$815.66
162,500 at 4.43%$816.62
162,500 at 4.44%$817.58
162,500 at 4.45%$818.54
162,500 at 4.46%$819.51
162,500 at 4.47%$820.47
162,500 at 4.48%$821.43
162,500 at 4.49%$822.40
162,500 at 4.5%$823.36
162,500 at 4.51%$824.33
162,500 at 4.52%$825.30
162,500 at 4.53%$826.26
162,500 at 4.54%$827.23
162,500 at 4.55%$828.20
162,500 at 4.56%$829.17
162,500 at 4.57%$830.14
162,500 at 4.58%$831.11
162,500 at 4.59%$832.08
162,500 at 4.6%$833.05
162,500 at 4.61%$834.02
162,500 at 4.62%$834.99
162,500 at 4.63%$835.96
162,500 at 4.64%$836.94
162,500 at 4.65%$837.91
162,500 at 4.66%$838.88
162,500 at 4.67%$839.86
162,500 at 4.68%$840.83
162,500 at 4.69%$841.81
162,500 at 4.7%$842.79
162,500 at 4.71%$843.76
162,500 at 4.72%$844.74
162,500 at 4.73%$845.72
162,500 at 4.74%$846.70
162,500 at 4.75%$847.68
162,500 at 4.76%$848.66
162,500 at 4.77%$849.64
162,500 at 4.78%$850.62
162,500 at 4.79%$851.60
162,500 at 4.8%$852.58
162,500 at 4.81%$853.56
162,500 at 4.82%$854.55
162,500 at 4.83%$855.53
162,500 at 4.84%$856.51
162,500 at 4.85%$857.50
162,500 at 4.86%$858.48
162,500 at 4.87%$859.47
162,500 at 4.88%$860.46
162,500 at 4.89%$861.44
162,500 at 4.9%$862.43
162,500 at 4.91%$863.42
162,500 at 4.92%$864.41
162,500 at 4.93%$865.40
162,500 at 4.94%$866.39
162,500 at 4.95%$867.38
162,500 at 4.96%$868.37
162,500 at 4.97%$869.36
162,500 at 4.98%$870.35
162,500 at 4.99%$871.34
162,500 at 5%$872.34
Interest Rate 30 Year
162,500 at 5.01%$873.33
162,500 at 5.02%$874.32
162,500 at 5.03%$875.32
162,500 at 5.04%$876.31
162,500 at 5.05%$877.31
162,500 at 5.06%$878.30
162,500 at 5.07%$879.30
162,500 at 5.08%$880.30
162,500 at 5.09%$881.30
162,500 at 5.1%$882.29
162,500 at 5.11%$883.29
162,500 at 5.12%$884.29
162,500 at 5.13%$885.29
162,500 at 5.14%$886.29
162,500 at 5.15%$887.29
162,500 at 5.16%$888.29
162,500 at 5.17%$889.30
162,500 at 5.18%$890.30
162,500 at 5.19%$891.30
162,500 at 5.2%$892.31
162,500 at 5.21%$893.31
162,500 at 5.22%$894.31
162,500 at 5.23%$895.32
162,500 at 5.24%$896.32
162,500 at 5.25%$897.33
162,500 at 5.26%$898.34
162,500 at 5.27%$899.35
162,500 at 5.28%$900.35
162,500 at 5.29%$901.36
162,500 at 5.3%$902.37
162,500 at 5.31%$903.38
162,500 at 5.32%$904.39
162,500 at 5.33%$905.40
162,500 at 5.34%$906.41
162,500 at 5.35%$907.42
162,500 at 5.36%$908.43
162,500 at 5.37%$909.45
162,500 at 5.38%$910.46
162,500 at 5.39%$911.47
162,500 at 5.4%$912.49
162,500 at 5.41%$913.50
162,500 at 5.42%$914.52
162,500 at 5.43%$915.53
162,500 at 5.44%$916.55
162,500 at 5.45%$917.57
162,500 at 5.46%$918.58
162,500 at 5.47%$919.60
162,500 at 5.48%$920.62
162,500 at 5.49%$921.64
162,500 at 5.5%$922.66
162,500 at 5.51%$923.68
162,500 at 5.52%$924.70
162,500 at 5.53%$925.72
162,500 at 5.54%$926.74
162,500 at 5.55%$927.76
162,500 at 5.56%$928.78
162,500 at 5.57%$929.81
162,500 at 5.58%$930.83
162,500 at 5.59%$931.85
162,500 at 5.6%$932.88
162,500 at 5.61%$933.90
162,500 at 5.62%$934.93
162,500 at 5.63%$935.95
162,500 at 5.64%$936.98
162,500 at 5.65%$938.01
162,500 at 5.66%$939.04
162,500 at 5.67%$940.06
162,500 at 5.68%$941.09
162,500 at 5.69%$942.12
162,500 at 5.7%$943.15
162,500 at 5.71%$944.18
162,500 at 5.72%$945.21
162,500 at 5.73%$946.24
162,500 at 5.74%$947.27
162,500 at 5.75%$948.31
162,500 at 5.76%$949.34
162,500 at 5.77%$950.37
162,500 at 5.78%$951.41
162,500 at 5.79%$952.44
162,500 at 5.8%$953.47
162,500 at 5.81%$954.51
162,500 at 5.82%$955.54
162,500 at 5.83%$956.58
162,500 at 5.84%$957.62
162,500 at 5.85%$958.65
162,500 at 5.86%$959.69
162,500 at 5.87%$960.73
162,500 at 5.88%$961.77
162,500 at 5.89%$962.81
162,500 at 5.9%$963.85
162,500 at 5.91%$964.89
162,500 at 5.92%$965.93
162,500 at 5.93%$966.97
162,500 at 5.94%$968.01
162,500 at 5.95%$969.05
162,500 at 5.96%$970.09
162,500 at 5.97%$971.14
162,500 at 5.98%$972.18
162,500 at 5.99%$973.23
162,500 at 6%$974.27
162,500 at 6.01%$975.31
162,500 at 6.02%$976.36
162,500 at 6.03%$977.41
162,500 at 6.04%$978.45
162,500 at 6.05%$979.50
162,500 at 6.06%$980.55
162,500 at 6.07%$981.59
162,500 at 6.08%$982.64
162,500 at 6.09%$983.69
162,500 at 6.1%$984.74
162,500 at 6.11%$985.79
162,500 at 6.12%$986.84
162,500 at 6.13%$987.89
162,500 at 6.14%$988.94
162,500 at 6.15%$990.00
162,500 at 6.16%$991.05
162,500 at 6.17%$992.10
162,500 at 6.18%$993.15
162,500 at 6.19%$994.21
162,500 at 6.2%$995.26
162,500 at 6.21%$996.32
162,500 at 6.22%$997.37
162,500 at 6.23%$998.43
162,500 at 6.24%$999.48
162,500 at 6.25%$1,000.54
162,500 at 6.26%$1,001.60
162,500 at 6.27%$1,002.66
162,500 at 6.28%$1,003.71
162,500 at 6.29%$1,004.77
162,500 at 6.3%$1,005.83
162,500 at 6.31%$1,006.89
162,500 at 6.32%$1,007.95
162,500 at 6.33%$1,009.01
162,500 at 6.34%$1,010.07
162,500 at 6.35%$1,011.13
162,500 at 6.36%$1,012.19
162,500 at 6.37%$1,013.26
162,500 at 6.38%$1,014.32
162,500 at 6.39%$1,015.38
162,500 at 6.4%$1,016.45
162,500 at 6.41%$1,017.51
162,500 at 6.42%$1,018.58
162,500 at 6.43%$1,019.64
162,500 at 6.44%$1,020.71
162,500 at 6.45%$1,021.77
162,500 at 6.46%$1,022.84
162,500 at 6.47%$1,023.91
162,500 at 6.48%$1,024.97
162,500 at 6.49%$1,026.04
162,500 at 6.5%$1,027.11
Interest Rate 30 Year
162,500 at 6.51%$1,028.18
162,500 at 6.52%$1,029.25
162,500 at 6.53%$1,030.32
162,500 at 6.54%$1,031.39
162,500 at 6.55%$1,032.46
162,500 at 6.56%$1,033.53
162,500 at 6.57%$1,034.60
162,500 at 6.58%$1,035.67
162,500 at 6.59%$1,036.75
162,500 at 6.6%$1,037.82
162,500 at 6.61%$1,038.89
162,500 at 6.62%$1,039.97
162,500 at 6.63%$1,041.04
162,500 at 6.64%$1,042.12
162,500 at 6.65%$1,043.19
162,500 at 6.66%$1,044.27
162,500 at 6.67%$1,045.35
162,500 at 6.68%$1,046.42
162,500 at 6.69%$1,047.50
162,500 at 6.7%$1,048.58
162,500 at 6.71%$1,049.65
162,500 at 6.72%$1,050.73
162,500 at 6.73%$1,051.81
162,500 at 6.74%$1,052.89
162,500 at 6.75%$1,053.97
162,500 at 6.76%$1,055.05
162,500 at 6.77%$1,056.13
162,500 at 6.78%$1,057.21
162,500 at 6.79%$1,058.30
162,500 at 6.8%$1,059.38
162,500 at 6.81%$1,060.46
162,500 at 6.82%$1,061.54
162,500 at 6.83%$1,062.63
162,500 at 6.84%$1,063.71
162,500 at 6.85%$1,064.80
162,500 at 6.86%$1,065.88
162,500 at 6.87%$1,066.97
162,500 at 6.88%$1,068.05
162,500 at 6.89%$1,069.14
162,500 at 6.9%$1,070.23
162,500 at 6.91%$1,071.31
162,500 at 6.92%$1,072.40
162,500 at 6.93%$1,073.49
162,500 at 6.94%$1,074.58
162,500 at 6.95%$1,075.67
162,500 at 6.96%$1,076.75
162,500 at 6.97%$1,077.84
162,500 at 6.98%$1,078.93
162,500 at 6.99%$1,080.03
162,500 at 7%$1,081.12
162,500 at 7.01%$1,082.21
162,500 at 7.02%$1,083.30
162,500 at 7.03%$1,084.39
162,500 at 7.04%$1,085.49
162,500 at 7.05%$1,086.58
162,500 at 7.06%$1,087.67
162,500 at 7.07%$1,088.77
162,500 at 7.08%$1,089.86
162,500 at 7.09%$1,090.96
162,500 at 7.1%$1,092.05
162,500 at 7.11%$1,093.15
162,500 at 7.12%$1,094.24
162,500 at 7.13%$1,095.34
162,500 at 7.14%$1,096.44
162,500 at 7.15%$1,097.54
162,500 at 7.16%$1,098.63
162,500 at 7.17%$1,099.73
162,500 at 7.18%$1,100.83
162,500 at 7.19%$1,101.93
162,500 at 7.2%$1,103.03
162,500 at 7.21%$1,104.13
162,500 at 7.22%$1,105.23
162,500 at 7.23%$1,106.33
162,500 at 7.24%$1,107.43
162,500 at 7.25%$1,108.54
162,500 at 7.26%$1,109.64
162,500 at 7.27%$1,110.74
162,500 at 7.28%$1,111.84
162,500 at 7.29%$1,112.95
162,500 at 7.3%$1,114.05
162,500 at 7.31%$1,115.16
162,500 at 7.32%$1,116.26
162,500 at 7.33%$1,117.37
162,500 at 7.34%$1,118.47
162,500 at 7.35%$1,119.58
162,500 at 7.36%$1,120.69
162,500 at 7.37%$1,121.79
162,500 at 7.38%$1,122.90
162,500 at 7.39%$1,124.01
162,500 at 7.4%$1,125.12
162,500 at 7.41%$1,126.23
162,500 at 7.42%$1,127.34
162,500 at 7.43%$1,128.44
162,500 at 7.44%$1,129.55
162,500 at 7.45%$1,130.67
162,500 at 7.46%$1,131.78
162,500 at 7.47%$1,132.89
162,500 at 7.48%$1,134.00
162,500 at 7.49%$1,135.11
162,500 at 7.5%$1,136.22
162,500 at 7.51%$1,137.34
162,500 at 7.52%$1,138.45
162,500 at 7.53%$1,139.56
162,500 at 7.54%$1,140.68
162,500 at 7.55%$1,141.79
162,500 at 7.56%$1,142.91
162,500 at 7.57%$1,144.02
162,500 at 7.58%$1,145.14
162,500 at 7.59%$1,146.25
162,500 at 7.6%$1,147.37
162,500 at 7.61%$1,148.49
162,500 at 7.62%$1,149.61
162,500 at 7.63%$1,150.72
162,500 at 7.64%$1,151.84
162,500 at 7.65%$1,152.96
162,500 at 7.66%$1,154.08
162,500 at 7.67%$1,155.20
162,500 at 7.68%$1,156.32
162,500 at 7.69%$1,157.44
162,500 at 7.7%$1,158.56
162,500 at 7.71%$1,159.68
162,500 at 7.72%$1,160.80
162,500 at 7.73%$1,161.92
162,500 at 7.74%$1,163.05
162,500 at 7.75%$1,164.17
162,500 at 7.76%$1,165.29
162,500 at 7.77%$1,166.42
162,500 at 7.78%$1,167.54
162,500 at 7.79%$1,168.66
162,500 at 7.8%$1,169.79
162,500 at 7.81%$1,170.91
162,500 at 7.82%$1,172.04
162,500 at 7.83%$1,173.17
162,500 at 7.84%$1,174.29
162,500 at 7.85%$1,175.42
162,500 at 7.86%$1,176.55
162,500 at 7.87%$1,177.67
162,500 at 7.88%$1,178.80
162,500 at 7.89%$1,179.93
162,500 at 7.9%$1,181.06
162,500 at 7.91%$1,182.19
162,500 at 7.92%$1,183.32
162,500 at 7.93%$1,184.45
162,500 at 7.94%$1,185.58
162,500 at 7.95%$1,186.71
162,500 at 7.96%$1,187.84
162,500 at 7.97%$1,188.97
162,500 at 7.98%$1,190.10
162,500 at 7.99%$1,191.23
162,500 at 8%$1,192.37
More Amounts
What is the down payment for a $162,500 house? How much do you need to put down?
Percent Down Down Payment
1%1,625
2%3,250
3%4,875
4%6,500
5%8,125
6%9,750
7%11,375
8%13,000
9%14,625
10%16,250
11%17,875
12%19,500
13%21,125
14%22,750
15%24,375
16%26,000
17%27,625
18%29,250
19%30,875
20%32,500
Percent Down Down Payment
21%34,125
22%35,750
23%37,375
24%39,000
25%40,625
26%42,250
27%43,875
28%45,500
29%47,125
30%48,750
31%50,375
32%52,000
33%53,625
34%55,250
35%56,875
36%58,500
37%60,125
38%61,750
39%63,375
40%65,000
Percent Down Down Payment
41%66,625
42%68,250
43%69,875
44%71,500
45%73,125
46%74,750
47%76,375
48%78,000
49%79,625
50%81,250
51%82,875
52%84,500
53%86,125
54%87,750
55%89,375
56%91,000
57%92,625
58%94,250
59%95,875
60%97,500
Percent Down Down Payment
61%99,125
62%100,750
63%102,375
64%104,000
65%105,625
66%107,250
67%108,875
68%110,500
69%112,125
70%113,750
71%115,375
72%117,000
73%118,625
74%120,250
75%121,875
76%123,500
77%125,125
78%126,750
79%128,375
80%130,000
Percent Down Down Payment
81%131,625
82%133,250
83%134,875
84%136,500
85%138,125
86%139,750
87%141,375
88%143,000
89%144,625
90%146,250
91%147,875
92%149,500
93%151,125
94%152,750
95%154,375
96%156,000
97%157,625
98%159,250
99%160,875
100%162,500
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.