Monthly payment chart - Keller Williams Realty

[Pages:1]Monthly Principal and Interest Rate Chart

If you're looking to buy your first home or even if you're an experienced home buyer, the chart below will help you determine the principal and interest based on the current interest rate. By giving your approximate house payment, this table helps you stay within your price range. To calculate the principal and interest portion of your monthly house payment, first divide the loan amount by $1,000. Then multiply that number by the principal and interest payment factor. For example, if a $120,000 house is being purchased with a 20 year mortgage term, take the following steps:

(1) $120,000/$1,000 = $120

(2) 20 year loan @ 6% interest = 7.16 P&I factor

(3) 7.16 P&I factor x $120 = $859

Monthly house payment for principal and interest would be approximately $859; taxes and insurance are calculated separately.

Interest Rate %

4.000 4.125 4.250 4.375 4.500 4.625 4.750 4.875 5.000 5.125 5.250 5.375 5.500 5.625 5.750 5.875 6.000 6.125 6.250 6.375 6.500 6.625

Monthly Principal and Interest Payment Factors (per $1,000)

15 Year Term 7.40 7.46 7.52 7.59 7.65 7.71 7.78 7.84 7.91 7.97 8.04 8.10 8.17 8.24 8.30 8.37 8.44 8.51 8.57 8.64 8.71 8.78

20 Year Term 6.06 6.13 6.19 6.26 6.33 6.39 6.46 6.53 6.60 6.67 6.74 6.81 6.88 6.95 7.02 7.09 7.16 7.24 7.31 7.38 7.46 7.53

30 Year Term 4.77 4.85 4.92 4.99 5.07 5.14 5.22 5.29 5.37 5.44 5.52 5.60 5.68 5.76 5.84 5.92 6.00 6.08 6.16 6.24 6.32 6.40

Interest Rate %

6.750 6.875 7.000 7.125 7.250 7.375 7.500 7.625 7.750 7.875 8.000 8.125 8.250 8.375 8.500 8.625 8.750 8.875 9.000 9.125 9.250 9.375

15 Year Term 8.85 8.92 8.99 9.06 9.13 9.20 9.27 9.34 9.41 9.48 9.56 9.63 9.70 9.77 9.85 9.92 9.99 10.07 10.14 10.22 10.29 10.37

20 Year Term 7.60 7.68 7.75 7.83 7.90 7.98 8.06 8.13 8.21 8.29 8.36 8.44 8.52 8.60 8.68 8.76 8.84 8.92 9.00 9.08 9.16 9.24

30 Year Term 6.49 6.57 6.65 6.74 6.82 6.91 6.99 7.08 7.16 7.25 7.34 7.42 7.51 7.60 7.69 7.78 7.87 7.96 8.05 8.14 8.23 8.32

Interest Rate %

9.500 9.625 9.750 9.875 10.000 10.125 10.250 10.375 10.500 10.625 10.750 10.875 11.000 11.125 11.250 11.375 11.500 11.625 11.750 11.875 12.000

15 Year Term 10.44 10.52 10.59 10.67 10.75 10.82 10.90 10.98 11.05 11.13 11.21 11.29 11.37 11.44 11.52 11.60 11.68 11.76 11.84 11.92 12.00

20 Year Term 9.32 9.40 9.49 9.57 9.65 9.73 9.82 9.90 9.98 10.07 10.15 10.24 10.32 10.41 10.49 10.58 10.66 10.75 10.84 10.92 11.01

30 Year Term 8.41 8.50 8.59 8.68 8.78 8.87 8.96 9.05 9.15 9.24 9.33 9.43 9.52 9.62 9.71 9.81 9.90 10.00 10.09 10.19 10.29

Prepared by Mike Frank

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download