Coldwell Banker King Thompson - Home Buyers Guidebook - 2017 | Page 12

INTEREST RATE FACTOR CHART
Financing Your New Home
This chart will help you calculate your
monthly principal and interest payments
for both fixed and adjustable rate loans
at various interest rates over 15 and
30 years.
Start by finding the appropriate interest
rate, then look across to the column
indicating the desired term of the loan.
That number is the interest rate factor.
This is the dollar amount required
each month to amortize $1,000 over
the specified term. To calculate your
principal and interest payment, multiply
the interest rate factor by the total loan
amount in $1,000s.
Interest
Rate Term
15 Years Term
30 years Interest
Rate
4.0 7.40 4.77 8.0

Term
15 Years
9.56
Term
30 years
7.34
4 1 / 8 7.46 4.85 8 1 / 8 9.63 7.42
4 1 / 4 7.52 4.92 8 1 / 4 9.70 7.51
4 3 / 8 7.59 4.99 8 3 / 8 9.77 7.60
4 1 / 2 7.65 5.07 8 1 / 2 9.85 7.69
4 5 / 8 7.71 5.14 8 5 / 8 9.92 7.78
4 3 / 4 7.78 5.22 8 3 / 4 9.99 7.87
4 7 / 8 7.84 5.29 8 7 / 8 10.07 7.96
5.0
7.91
5.37
9.0
10.14
8.05
5 / 8 7.97 5.44 9 / 8 10.22 8.14
1
1
5 1 / 4 8.04 5.52 9 1 / 4 10.29 8.23
5 3 / 8 8.10 5.60 9 3 / 8 10.37 8.32
5 1 / 2 8.17 5.68 9 1 / 2 10.44 8.41
5 5 / 8 8.24 5.76 9 5 / 8 10.52 8.50
5 3 / 4 8.30 5.84 9 3 / 4 10.59 8.59
For example:
Interest Rate:
6.5%
Term:
30 years
Factors per $1,000:
6.32
Total Mortgage:
$152,600
6.32 x 152.6 = $964
This is a calculation of principal and interest only. It does
not include property taxes, insurance, association dues,
or other charges.
5 7 / 8 8.37 5.92 9 7 / 8 10.67 8.68
6.0
8.44
6.00
10.0
10.75
8.77
6 1 / 8 8.51 6.08 10 1 / 8 10.82 8.87
6 1 / 4 8.57 6.16 10 1 / 4 10.90 8.96
6 3 / 8 8.64 6.24 10 3 / 8 10.98 9.05
6 1 / 2 8.71 6.32 10 1 / 2 11.05 9.15
6 5 / 8 8.78 6.40 10 5 / 8 11.13 9.24
6 3 / 4 8.85 6.48 10 3 / 4 11.21 9.33
6 7 / 8 8.92 6.57 10 7 / 8 11.29 9.43
7.0
Find an online mortgage calculator at
ColdwellBankerHomes.com
8.99
6.65
11.0
11.36
9.52
7 / 8 9.06 6.74 11 / 8 11.44 9.62
1
1
7 1 / 4 9.13 6.82 11 1 / 4 11.52 9.71
7 3 / 8 9.20 6.91 11 3 / 8 11.60 9.81
7 1 / 2 9.27 6.99 11 1 / 2 11.68 9.90
7 5 / 8 9.34 7.08 11 5 / 8 11.76 10.00
7 3 / 4 9.41 7.16 11 3 / 4 11.84 10.09
7 7 / 8 9.48 7.25 11 7 / 8 11.92 10.19
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