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Tuesday, 23 May 2006 |
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The following table shows the monthly payment factor of principal and interest for each $1,000 of mortgage. The payment will vary at different interest rates and for different amortization periods. For example, the monthly principal and interest payment for a $100,000 mortgage @ 6.0% per annum with a 25-year amortization is ($100,000 � 1,000) x 6.398 = $639.80 | Rate | 30 years | 20 years | 15 years | | 4.0 % | $4.77 | $6.06 | $7.40 | | 4.5 % | $5.07 | $6.33 | $7.65 | | 5.0 % | $5.37 | $6.60 | $7.91 | | 5.5 % | $5.68 | $6.88 | $8.17 | | 6.0 % | $6.00 | $7.16 | $8.44 | | 6.5 % | $6.32 | $7.46 | $8.71 | | 7.0 % | $6.65 | $7.75 | $8.99 | | 7.5 % | $6.99 | $8.06 | $9.27 | | 8.0 % | $7.34 | $8.36 | $9.56 | | 8.5 % | $7.69 | $8.68 | $9.85 | | 9.0 % | $8.05 | $9.00 | $10.14 | | 10.0 % | $8.78 | $9.65 | $10.75 |
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Real Estate 
