Mortgage Calculator
It's easy to
estimate your monthly mortgage payment, including principal
and interest! Just follow these easy steps and use the chart below.
| |
1) |
Locate
the term of your loan in years across the top of the chart. |
| |
2) |
Locate
the percentage rate of your loan along the left side of the
chart. |
| |
3) |
The
place in the chart where the year column meets the percentage
row is your factor number. |
| |
4) |
Multiply
your factor number by the amount of your loan in thousands (for
example... for a $100,00 loan you would multiply your factor
number by 100). The result of this calculation is your monthly
payment including principal and interest. |
An Example:
If you are financing
$75,000 for 25 years at 7.25 percent, multiply 75 times 7.23 (your
factor number). The result is $542.25 - your monthly payment!
| |
Years |
5 |
10 |
15 |
20 |
25 |
30 |
35 |
40 |
| %
Rate |
|
|
|
|
|
|
|
|
|
| 6 |
|
19.33 |
11.10 |
8.44 |
7.16 |
6.44 |
6.00 |
5.70 |
5.50 |
| 6.25 |
|
19.45 |
11.23 |
8.57 |
7.31 |
6.60 |
6.16 |
5.87 |
5.68 |
| 6.5 |
|
19.57 |
11.35 |
8.71 |
7.46 |
6.75 |
6.32 |
6.04 |
5.85 |
| 6.75 |
|
19.68 |
11.48 |
8.85 |
7.60 |
6.91 |
6.49 |
6.21 |
6.03 |
| 7 |
|
19.80 |
11.61 |
8.99 |
7.75 |
7.07 |
6.65 |
6.39 |
6.21 |
| 7.25 |
|
19.92 |
11.74 |
9.13 |
7.90 |
7.23 |
6.81 |
6.56 |
6.40 |
| 7.5 |
|
20.04 |
11.87 |
9.27 |
8.06 |
7.39 |
6.99 |
6.74 |
6.58 |
| 7.75 |
|
20.16 |
12.00 |
9.41 |
8.21 |
7.55 |
7.16 |
6.92 |
6.77 |
| 8 |
|
20.28 |
12.13 |
9.56 |
8.36 |
7.72 |
7.34 |
7.10 |
6.95 |
| 8.25 |
|
20.40 |
12.27 |
9.70 |
8.52 |
7.88 |
7.51 |
7.28 |
7.14 |
| 8.5 |
|
20.52 |
12.40 |
9.85 |
8.68 |
8.06 |
7.69 |
7.47 |
7.34 |
| 8.75 |
|
20.64 |
12.54 |
10.00 |
8.84 |
8.23 |
7.87 |
7.66 |
7.53 |
| 9 |
|
20.76 |
12.67 |
10.15 |
9.00 |
8.40 |
8.05 |
7.84 |
7.72 |
| 9.25 |
|
20.88 |
12.87 |
10.30 |
9.16 |
8.57 |
8.23 |
8.03 |
7.91 |
| 9.5 |
|
21.01 |
12.94 |
10.45 |
9.33 |
8.74 |
8.41 |
8.22 |
8.11 |
| 9.75 |
|
21.13 |
13.08 |
10.60 |
9.43 |
8.92 |
8.60 |
8.41 |
8.30 |
| 10 |
|
21.25 |
13.22 |
10.75 |
9.66 |
9.09 |
8.78 |
8.60 |
8.50 |
| 10.25 |
|
21.38 |
13.36 |
10.90 |
9.82 |
9.27 |
8.97 |
8.79 |
8.69 |
| 10.5 |
|
21.50 |
13.50 |
11.06 |
9.99 |
9.45 |
9.15 |
8.99 |
8.89 |
| 10.75 |
|
21.62 |
13.64 |
11.21 |
10.16 |
9.63 |
9.34 |
9.18 |
9.09 |
| 11 |
|
21.75 |
13.78 |
11.37 |
10.33 |
9.81 |
9.53 |
9.37 |
9.29 |
| 11.25 |
|
21.87 |
13.92 |
11.53 |
10.50 |
9.99 |
9.72 |
9.57 |
9.49 |
| 11.5 |
|
22.00 |
14.06 |
11.69 |
10.67 |
10.17 |
9.91 |
9.77 |
9.69 |
| 11.75 |
|
22.12 |
14.21 |
11.85 |
10.84 |
10.35 |
10.10 |
9.96 |
9.89 |
| 12 |
|
22.25 |
14.35 |
12.01 |
11.02 |
10.54 |
10.29 |
10.16 |
10.09 |
| 12.25 |
|
22.38 |
14.50 |
12.17 |
11.19 |
10.72 |
10.48 |
10.36 |
10.29 |
| 12.5 |
|
22.50 |
14.64 |
12.33 |
11.37 |
10.91 |
10.68 |
10.56 |
10.49 |
|
