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The
chart below shows the amount of principal and interest you can
expect to pay on a 30-year mortgage over a range of interest rates and
loan amounts. You can use it to estimate a ballpark figure for monthly
payments. Keep in mind that the figures
do not include the escrow portion of your payment most lenders require
for real estate tax, mortgage and hazard insurance.
The chart is organized with the loan amount
across the top and interest rate down the left side. There are 2
ways to use the chart:
Time $1000--Find the interest rate in
the left hand column. Move over 1 column to the right (the $1000
column) and multiply that number by the amount of your loan, in
thousands. So if you want to barrow $150,000 at 6.000%, you
would multiply 150 * $6 = $900/month payment (PI, Principle and
Interest).
Loan Amount--If the amount you want to
barrow is in the top row, then simply find the column with the amount
and then go down to the interest rate row. So, if you want to
barrow $120,000 at a 6.000%, the monthly payment would be $719 (PI,
Principle and Interest).
Remember, taxes and insurance my be added
though you can subtract your tax savings to determine what owning a home
will actually cost, your
Net Monthly Payment.
Additionally, you'll want to consider appreciation.
| Loan
Rate |
$1000 |
100,000 |
120000 |
140,000 |
160,000 |
180,000 |
200,000 |
220,000 |
| 4.000% |
$4.77 |
$477 |
$573 |
$668 |
$764 |
$859 |
$955 |
$1,050 |
| 4.250% |
4.92 |
492 |
590 |
689 |
787 |
885 |
984 |
1,082 |
| 4.500% |
5.07 |
507 |
608 |
709 |
811 |
912 |
1,013 |
1,115 |
| 4.750% |
5.22 |
522 |
626 |
730 |
835 |
939 |
1,043 |
1,148 |
| 5.000% |
5.37 |
537 |
644 |
752 |
859 |
966 |
1,074 |
1,181 |
| 5.125% |
5.44 |
544 |
653 |
762 |
871 |
980 |
1,089 |
1,198 |
| 5.250% |
5.52 |
552 |
663 |
773 |
884 |
994 |
1,104 |
1,215 |
| 5.375% |
5.60 |
560 |
672 |
784 |
896 |
1,008 |
1,120 |
1,232 |
| 5.500% |
5.68 |
568 |
681 |
795 |
908 |
1,022 |
1,136 |
1,249 |
| 5.625% |
5.76 |
576 |
691 |
806 |
921 |
1,036 |
1,151 |
1,266 |
| 5.750% |
5.84 |
584 |
700 |
817 |
934 |
1,050 |
1,167 |
1,284 |
| 5.875% |
5.92 |
592 |
710 |
828 |
946 |
1,065 |
1,183 |
1,301 |
| 6.000% |
6.00 |
600 |
719 |
839 |
959 |
1,079 |
1,199 |
1,319 |
| 6.125% |
6.08 |
608 |
729 |
851 |
972 |
1,094 |
1,215 |
1,337 |
| 6.250% |
6.16 |
616 |
739 |
862 |
985 |
1,108 |
1,231 |
1,355 |
| 6.375% |
6.24 |
624 |
749 |
873 |
998 |
1,123 |
1,248 |
1,373 |
| 6.500% |
6.32 |
632 |
758 |
885 |
1,011 |
1,138 |
1,264 |
1,391 |
| 6.625% |
6.40 |
640 |
768 |
896 |
1,024 |
1,153 |
1,281 |
1,409 |
| 6.750% |
6.49 |
649 |
778 |
908 |
1,038 |
1,167 |
1,297 |
1,427 |
| 6.875% |
6.57 |
657 |
788 |
920 |
1,051 |
1,182 |
1,314 |
1,445 |
| 7.000% |
6.65 |
665 |
798 |
931 |
1,064 |
1,198 |
1,331 |
1,464 |
| 7.125% |
6.74 |
674 |
808 |
943 |
1,078 |
1,213 |
1,347 |
1,482 |
| 7.250% |
6.82 |
682 |
819 |
955 |
1,091 |
1,228 |
1,364 |
1,501 |
| 7.375% |
6.91 |
691 |
829 |
967 |
1,105 |
1,243 |
1,381 |
1,519 |
| 7.500% |
6.99 |
699 |
839 |
979 |
1,119 |
1,259 |
1,398 |
1,538 |
| 7.625% |
7.08 |
708 |
849 |
991 |
1,132 |
1,274 |
1,416 |
1,557 |
| 7.750% |
7.16 |
716 |
860 |
1,003 |
1,146 |
1,290 |
1,433 |
1,576 |
| 7.875% |
7.25 |
725 |
870 |
1,015 |
1,160 |
1,305 |
1,450 |
1,595 |
| 8.000% |
7.34 |
734 |
881 |
1,027 |
1,174 |
1,321 |
1,468 |
1,614 |
| 8.125% |
7.42 |
742 |
891 |
1,039 |
1,188 |
1,336 |
1,485 |
1,633 |
| 8.250% |
7.51 |
751 |
902 |
1,052 |
1,202 |
1,352 |
1,503 |
1,653 |
| 8.375% |
7.60 |
760 |
912 |
1,064 |
1,216 |
1,368 |
1,520 |
1,672 |
| 8.500% |
7.69 |
769 |
923 |
1,076 |
1,230 |
1,384 |
1,538 |
1,692 |
| 8.625% |
7.78 |
778 |
933 |
1,089 |
1,244 |
1,400 |
1,556 |
1,711 |
| 8.750% |
7.87 |
787 |
944 |
1,101 |
1,259 |
1,416 |
1,573 |
1,731 |
| 8.875% |
7.96 |
796 |
955 |
1,114 |
1,273 |
1,432 |
1,591 |
1,750 |
| 9.000% |
8.05 |
805 |
966 |
1,126 |
1,287 |
1,448 |
1,609 |
1,770 |
| 9.250% |
8.23 |
823 |
987 |
1,152 |
1,316 |
1,481 |
1,645 |
1,810 |
| 9.500% |
8.41 |
841 |
1,009 |
1,177 |
1,345 |
1,514 |
1,682 |
1,850 |
| 9.750% |
8.59 |
859 |
1,031 |
1,203 |
1,375 |
1,546 |
1,718 |
1,890 |
| 10.000% |
8.78 |
878 |
1,053 |
1,229 |
1,404 |
1,580 |
1,755 |
1,931 |
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