Calculating Mortgage Payments
Multiply principal amount of mortgage (in thousands) by monthly payment
factor in appropriate amortization period opposite current interest rate.
Example: For a principal amount of $60,000 amortized over 25 years at an
interest rate of 11.0%, the mortgage payment, per month, would be calculated as
follows: 60.0 x 9.63 = $577.80 per month.
Payment Amourtization Table
(Per Thousand)
|
Monthly Payment Factors |
| Interest
Rate % |
15
Years |
20
Years |
25
Years |
30
Years |
| 6.00 |
8.40 |
7.13 |
6.40 |
5.95 |
| 6.25 |
8.53 |
7.26 |
6.55 |
6.11 |
| 6.50 |
8.67 |
7.41 |
6.70 |
6.27 |
| 6.75 |
8.80 |
7.55 |
6.85 |
6.42 |
| 7.00 |
8.94 |
7.70 |
7.01 |
6.59 |
| 7.25 |
9.07 |
7.84 |
7.16 |
6.75 |
| 7.50 |
9.21 |
7.99 |
7.32 |
6.92 |
| 7.75 |
9.34 |
8.13 |
7.47 |
7.08 |
| 8.00 |
9.48 |
8.28 |
7.63 |
7.25 |
| 8.25 |
9.62 |
8.43 |
7.79 |
7.42 |
| 8.50 |
9.76 |
8.59 |
7.95 |
7.59 |
| 8.75 |
9.90 |
8.74 |
8.12 |
7.76 |
| 9.00 |
10.05 |
8.89 |
8.28 |
7.93 |
| 9.25 |
10.19 |
9.05 |
8.44 |
8.10 |
| 9.50 |
10.33 |
9.20 |
8.61 |
8.28 |
| 9.75 |
10.48 |
9.36 |
8.78 |
8.45 |
| 10.00 |
10.63 |
9.52 |
8.95 |
8.63 |
| 10.25 |
10.77 |
9.68 |
9.11 |
8.80 |
| 10.50 |
10.92 |
9.84 |
9.29 |
8.99 |
| 10.75 |
11.06 |
10.00 |
9.45 |
9.16 |
| 11.00 |
11.22 |
10.16 |
9.63 |
9.34 |
| 11.25 |
11.36 |
10.32 |
9.80 |
9.52 |
| 11.50 |
11.52 |
10.49 |
9.98 |
9.71 |
| 11.75 |
11.66 |
10.65 |
10.14 |
9.88 |
| 12.00 |
11.82 |
10.81 |
10.32 |
10.07 |
| 12.25 |
11.97 |
10.98 |
10.49 |
10.25 |
| 12.50 |
12.13 |
11.15 |
10.68 |
10.43 |
| 12.75 |
12.28 |
11.31 |
10.85 |
10.61 |
| 13.00 |
12.44 |
11.48 |
11.03 |
10.80 |
