Monthly Mortgage Payment

Estimating Your Monthly Payment

The following table can help you to estimate the principal and interest charges for a wide array of interest rates and loan amounts.
To use the table find the loan rate on the left side and the term of the loan at the top.
The number at the intersection is the monthly payment for a loan of $1,000.
Multiply this figure by the number of thousand dollars of your loan to determine the amount of your monthly payment.
For example if you borrowed $80,000 at 7.5% for 20 years you would multiply $8.06 by 80 giving a monthly payment of $644.80.

Monthly Loan Payment Table Equal Monthly Payments to Amortize $1,000
Interest Rate	15 Years	20 years	30 years
5.0%	$7.91	$6.60	$5.37
5.5%	$8.18	$6.88	$5.68
6.0%	$8.44	$7.17	$6.00
6.5%	$8.72	$7.46	$6.33
7.0%	$8.99	$7.76	$6.66
7.5%	$9.28	$8.06	$7.00
8.0%	$9.56	$8.37	$7.34
8.5%	$9.85	$8.69	$7.69
9.0%	$10.15	$9.00	$8.05
9.5%	$10.45	$9.33	$8.41
10.0%	$10.75	$9.66	$8.78
10.5%	$11.06	$9.99	$9.15
11.0%	$11.37	$10.33	$9.53
11.5%	$11.69	$10.67	$9.51

Taxes and Insurance payments are not included in these monthly payments.

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