Mortgage Management For Dummies
Book image
Explore Book Buy On Amazon
To calculate your monthly mortgage payment, simply multiply the relevant number from the table below by the size of your mortgage expressed in (divided by) thousands of dollars. For example, on a 30-year mortgage of $125,000 at 7.5 percent, you multiply 125 by 7.00 (from the table) to come up with an $875 monthly payment.
Interest Rate (%) Term of Mortgage
15 years 30 years
4 7.40 4.77
4-1/8 7.46 4.85
4-1/4 7.52 4.92
4-3/8 7.59 4.99
4-1/2 7.65 5.07
4-5/8 7.71 5.14
4-3/4 7.78 5.22
4-7/8 7.84 5.29
5 7.91 5.37
5-1/8 7.98 5.45
5-1/4 8.04 5.53
5-3/8 8.11 5.60
5-1/2 8.18 5.68
5-5/8 8.24 5.76
5-3/4 8.31 5.84
5-7/8 8.38 5.92
6 8.44 6.00
6-1/8 8.51 6.08
6-1/4 8.58 6.16
6-3/8 8.65 6.24
6-1/2 8.72 6.33
6-5/8 8.78 6.41
6-3/4 8.85 6.49
6 -/8 8.92 6.57
7 8.99 6.66
7-1/8 9.06 6.74
7-1/4 9.13 6.83
7-3/8 9.20 6.91
7-1/2 9.28 7.00
7-5/8 9.35 7.08
7-3/4 9.42 7.17
7-7/8 9.49 7.26
8 9.56 7.34
8-1/8 9.63 7.43
8-1/4 9.71 7.52
8-3/8 9.78 7.61
8-1/2 9.85 7.69
8-5/8 9.93 7.78
8-3/4 10.00 7.87
8-7/8 10.07 7.96
9 10.15 8.05
9-1/8 10.22 8.14
9-1/4 10.30 8.23
9-3/8 10.37 8.32
9-1/2 10.45 8.41
9-5/8 10.52 8.50
9-3/4 10.60 8.60
9-7/8 10.67 8.69
10 10.75 8.78
10-1/8 10.83 8.87
10-1/4 10.90 8.97
10-3/8 10.98 9.06
10-1/2 11.06 9.15
10-5/8 11.14 9.25
10-3/4 11.21 9.34
10-7/8 11.29 9.43
11 11.37 9.53
11-1/4 11.53 9.72
11-1/2 11.69 9.91
11-3/4 11.85 10.10
12 12.01 10.29
12-1/4 12.17 10.48
12-1/2 12.17 10.48
*Warning: Mortgage payments are only a portion of the costs of owning a home.

About This Article

This article is from the book:

About the book authors:

Eric Tyson, MBA, is a financial counselor and the bestselling author of Investing For Dummies, Personal Finance For Dummies, and Home Buying Kit For Dummies.

Robert S. Griswold, MSBA, is a successful real estate investor, hands-on property manager, and the author of Property Management Kit For Dummies.

This article can be found in the category: