|
Mortgage Calculator
You can calculate approximately what your new loan payment
will be, with a couple of these traditional examples -- a 15 year
mortgage is 180 payments, and a 30 year mortgage is 360.
There's the old fashion way of doing it, feel
free to print out this page and carry this little chart with you
Monthly Payment per $1,000 of loan amount
| INTEREST RATE
|
15 YEAR TERM
|
30 YEAR TERM
|
| 4%
|
7.40
|
4.78
|
| 5%
|
7.91
|
5.37
|
| 6%
|
8.44
|
6.00
|
| 7%
|
8.99
|
6.66
|
| 8%
|
9.56
|
7.34
|
| 9%
|
10.15
|
8.05
|
| 10%
|
10.75
|
8.78
|
| 11%
|
11.37
|
9.53
|
| 12%
|
12.01
|
10.29
|
| 14%
|
13.40
|
11.90
|
| 16%
|
14.70
|
13.50
|
|
