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Mortgage
Calculator
Principal Sum $1000 Monthly Payments An Example: The
Mortgage Payment for a 30 year fixed loan in the amount
of $200,000 at an 8% interest rate. Multiply 200 (your
loan) x 7.34 (the multiplier of a 8% loan being paid
off in 30 years as per the chart below) = $1468 which
is the monthly payment.
|
Interest Percentage
|
15 Years
|
30 Years
|
|
4
|
7.40
|
4.77
|
|
4 ¼
|
7.52
|
4.92
|
|
4
½
|
7.65
|
5.07
|
|
4
¾
|
7.78
|
5.22
|
|
.
5
|
7.91
|
5.37
|
|
5 ½
|
8.04
|
5.52
|
|
5 ½
|
8.17
|
5.68
|
|
5
¾
|
8.31
|
5.84
|
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6
|
8.44
|
6.00
|
|
6 ¼
|
8.57
|
6.16
|
|
6 ½
|
8.71
|
6.32
|
|
6
¾
|
8.85
|
6.49
|
|
7
|
8.99
|
6.65
|
|
7
¼
|
9.13
|
6.82
|
|
7 ½
|
9.27
|
6.99
|
|
7
¾
|
9.41
|
7.16
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|
8
|
9.56
|
7.34
|
|
8
¼
|
9.70
|
7.51
|
|
8
½
|
9.85
|
7.69
|
|
8
¾
|
10.00
|
7.87
|
|
9
|
10.15
|
8.05
|
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9¼
|
10.30
|
8.23
|
|
9½
|
10.45
|
8.41
|
|
9¾
|
10.60
|
8.60
|
Copyright© Ron Wynn 2000
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"I
work for you around the clock. My extremely successful
website, www.ronwynn.com is visited by buyers-and
agents representing buyers-day and night. They know
it's the best source for great homes."
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