Mortgage Calculator
Do you need help in determining what price range you can afford? Use this Interest Rate Factor Chart to find out what your monthly payments might be.
Factors per $1000
Int Rate |
15 YR |
30 YR |
Int Rate |
15 YR |
30 YR |
4 |
7.40 |
4.77 |
8 |
9.56 |
7.34 |
4 1/8 |
7.46 |
4.85 |
8 1/8 |
9.63 |
7.42 |
4 1/4 |
7.52 |
4.92 |
8 1/4 |
9.70 |
7.51 |
4 3/8 |
7.59 |
4.99 |
8 3/8 |
9.77 |
7.60 |
4 1/2 |
7.65 |
5.07 |
8 1/2 |
9.85 |
7.69 |
4 5/8 |
7.71 |
5.14 |
8 5/8 |
9.92 |
7.78 |
4 3/4 |
7.78 |
5.22 |
8 3/4 |
9.99 |
7.87 |
4 7/8 |
7.84 |
5.29 |
8 7/8 |
10.07 |
7.96 |
5 |
7.91 |
5.37 |
9 |
10.14 |
8.05 |
5 1/8 |
7.97 |
5.44 |
9 1/8 |
10.22 |
8.14 |
5 1/4 |
8.04 |
5.52 |
9 1/4 |
10.29 |
8.23 |
5 3/8 |
8.10 |
5.60 |
9 3/8 |
10.37 |
8.32 |
5 1/2 |
8.17 |
5.68 |
9 1/2 |
10.44 |
8.41 |
5 5/8 |
8.24 |
5.76 |
9 5/8 |
10.52 |
8.50 |
5 3/4 |
8.30 |
5.84 |
9 3/4 |
10.59 |
8.59 |
5 7/8 |
8.37 |
5.92 |
9 7/8 |
10.67 |
8.68 |
6 |
8.44 |
6.00 |
10 |
10.75 |
8.77 |
6 1/8 |
8.51 |
6.08 |
10 1/8 |
10.82 |
8.87 |
6 1/4 |
8.57 |
6.16 |
10 1/4 |
10.90 |
8.96 |
6 3/8 |
8.64 |
6.24 |
10 3/8 |
10.98 |
9.05 |
6 1/2 |
8.71 |
6.32 |
10 1/2 |
11.05 |
9.15 |
6 5/8 |
8.78 |
6.40 |
10 5/8 |
11.13 |
9.24 |
6 3/4 |
8.85 |
6.48 |
10 3/4 |
11.21 |
9.33 |
6 7/8 |
8.92 |
6.57 |
10 7/8 |
11.29 |
9.43 |
7 |
8.99 |
6.65 |
11 |
11.36 |
9.52 |
7 1/8 |
9.06 |
6.74 |
11 1/8 |
11.44 |
9.62 |
7 1/4 |
9.13 |
6.82 |
11 1/4 |
11.52 |
9.71 |
7 3/8 |
9.20 |
6.91 |
11 3/8 |
11.60 |
9.81 |
7 1/2 |
9.27 |
6.99 |
11 1/2 |
11.68 |
9.90 |
7 5/8 |
9.34 |
7.08 |
11 5/8 |
11.76 |
10.00 |
7 3/4 |
9.41 |
7.16 |
11 3/4 |
11.84 |
10.09 |
7 7/8 |
9.48 |
7.25 |
11 7/8 |
11.92 |
10.19 |
This chart will help you calculate your monthly principle and interest payments for both fixed and adjustable rate loans at various interest rates over 15 and 30 year terms.
Start by finding the appropriate interest rate, then look across to the column indicating the desired term of the loan. That number is the interest rate factor. This is the dollar amount required each month to amortize $1000 over the specified term. To calculate your principle and interest payment, multiply the interest rate factor by the total loan amount in 1,000's.
Here is an example: Interest Rate: 7 3/4%
Term: 30 Years
Factor per $1,000 7.16
Total Mortgage $115,000
7.16 X 115 = $823.40
This is a calculation of principle and interest only. It does not include property taxes, insurance, association dues, or other charges.
If you would like more information about how to purchase a home, please contact us at the above number, or e-mail us.
Last updated on
06/20/12.
Webmaster: Pam Brister