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Interest Rate Factor Chart

 

Making your calculations of payments easier to understand.  Remember to weight the significance of just how a slight increase in interest rates will affect your ability to purchase the home that you may desire.  This information is to assist you with as much information at your disposal to take due care in the responsibility of just how much you can afford and how much you feel comfortable in obligating you and your family to in regard to any mortgages. 

Interest Rate Factor Chart

(See Example Below)

Factors Per $1,000

 

Interest Rate

Term 15 Years

Term 30 Years

Interest Rate

Term 15 Years

Term 30 Years

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

7.52t

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 1/28

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

8.960

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 principal 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 $1,000 over the specified term. To calculate your principal and interest payment, multiply the interest rate factor by the total loan amount in $1,000s.

 

Interest Rate:
Term:
Factors per $1,000
Total mortgage:

5.25 %
30 Years
5.52
$300,000

 

5.52 x 300.0 = $1,656

This is a calculation of principal and interest only. It does not include property taxes, insurance, association dues, or other charges.

 

 

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Steve King 2009 - SteveKingRealtor.com - All Rights Reserved

 

 

 

 
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Copyright ©2004-2009 Charlottesville Area Association of Realtors®. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the IDX Program of Charlottesville Area Association of Realtors®. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Any use of search facilities of data on this site other than by a consumer interested in the purchase of real estate, is prohibited. Information last updated on Wednesday, November 25, 2009.
 

 
 
 
 
 


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