 |
|
Our
monthly
mortgage
payments
The
table
below
will
help you
calculate
your
monthly
mortgage
payments,
taking
into
account
the
amount
borrowed,
interest
rate and
amortization
period.
Example:
|
Mortgage:
|
$110,000
|
|
Interest
rate*:
|
8%
|
|
Amortization:
|
25
years
|
|
Cost
per
thousand
dollars
borrowed:
|
$7.632
|
| *
Interest
is
calculated
semi-annually,
not
in
advance. |
Calculation
of
monthly
payment:
|
$110000
x
|
$7.632
|
=
$839.53
|
|
$1000
|
|
| Cost
Per
Thousand
Dollars
Borrowed |
|
%
|
10
years
($)
|
15
years
($)
|
20
years
($)
|
25
years
($)
|
|
4.00
|
10.11
|
7.38
|
6.04
|
5.26
|
|
4.25
|
10.23
|
7.50
|
6.17
|
5.40
|
|
4.50
|
10.34
|
7.63
|
6.30
|
5.53
|
|
4.75
|
10.46
|
7.75
|
6.44
|
5.67
|
|
5.00
|
10.58
|
7.88
|
6.57
|
5.82
|
|
5.25
|
10.70
|
8.01
|
6.71
|
5.96
|
|
5.50
|
10.82
|
8.14
|
6.84
|
6.10
|
|
5.75
|
10.94
|
8.27
|
6.98
|
6.25
|
|
6.00
|
11.07
|
8.40
|
7.12
|
6.40
|
|
6.25
|
11.19
|
8.53
|
7.26
|
6.55
|
|
6.50
|
11.32
|
8.67
|
7.41
|
6.70
|
|
6.75
|
11.44
|
8.80
|
7.55
|
6.86
|
|
7.00
|
11.56
|
8.94
|
7.70
|
7.01
|
|
7.25
|
11.69
|
9.07
|
7.84
|
7.16
|
|
7.50
|
11.82
|
9.21
|
7.99
|
7.32
|
|
7.75
|
11.94
|
9.35
|
8.14
|
7.48
|
|
8.00
|
12.07
|
9.49
|
8.29
|
7.64
|
|
8.25
|
12.20
|
9.63
|
8.44
|
7.80
|
|
8.50
|
12.33
|
9.77
|
8.59
|
7.96
|
|
8.75
|
12.45
|
9.91
|
8.74
|
8.12
|
|
9.00
|
12.58
|
10.05
|
8.90
|
8.28
|
|
9.25
|
12.71
|
10.19
|
9.05
|
8.45
|
|
9.50
|
12.84
|
10.34
|
9.21
|
8.62
|
|
9.75
|
12.98
|
10.48
|
9.36
|
8.78
|
|
10.00
|
13.11
|
10.63
|
9.52
|
8.95
|
|
10.25
|
13.24
|
10.77
|
9.68
|
9.12
|
|
10.50
|
13.37
|
10.92
|
9.84
|
9.29
|
|
10.75
|
13.51
|
11.07
|
10.00
|
9.45
|
|
11.00
|
13.64
|
11.22
|
10.16
|
9.63
|
|
11.25
|
13.78
|
11.37
|
10.32
|
9.80
|
|
11.50
|
13.91
|
11.52
|
10.49
|
9.98
|
|
11.75
|
14.05
|
11.67
|
10.65
|
10.15
|
|
|
|
|
