Interest Rate Factor Chart

This chart will help you calculate your monthly payment. As we look at properties at various prices, by consulting this chart you will be able to determine how much your payment would differ depending on the price of the home.

Once you find the appropriate interest rate, look across the page to the appropriate term of the mortgage, 15 or 30 years. There you will find the factor which is applied per $1,000 of the mortgage amount.

For example: A 7.5%, 30 year mortgage has a factor of 6.99. If you were mortgaging $150,000 you would multiply 6.99 x 150 which equals 1048.5. Your monthly principal and interest payment would be $1,048.50. Remember, this is principal and interest only, it does not include property taxes, insurance, association dues or any other charges.

Interest 15-year 30-year Interest 15-year 30-year

Rate Term Term Rate Term Term

6 8.44 6.0 8 9.56 7.34

6^1/8 8.51 6.08 8^1/8 9.63 7.42

6^1/4 8.57 6.16 8^1/4 9.70 7.51

6^3/8 8.64 6.24 8^3/8 9.77 7.60

6^1/2 8.71 6.32 8^1/2 9.85 7.69

6^5/8 8.78 6.40 8^5/8 9.92 7.78

6^3/4 8.85 6.48 8^3/4 9.99 7.87

6^7/8 8.92 6.57 8^7/8 10.07 7.96

7 8.99 6.65 9 10.14 8.05

7^1/8 9.06 6.74 9^1/8 10.22 8.14

7^1/4 9.13 6.82 9^1/4 10.29 8.23

7^3/8 9.20 6.91 9^3/8 10.37 8.32

7^1/2 9.27 6.99 9^1/2 10.44 8.41

7^5/8 9.34 7.08 9^5/8 10.52 8.50

7^3/4 9.41 7.16 9^3/4 10.59 8.59

7^7/8 9.48 7.25 9^7/8 10.67 8.68

10 10.73 8.77