Peter & Julie : Mortgage Financing

Mortgage Table

Cost of Financing: Monthly principal + interest per $1,000 of mortgage

Mortgage	15-year	20-year	25-year	30-year
rate	loan	loan	loan	loan
5.00	7.91	6.60	5.85	5.37
5.50	8.17	6.88	6.14	5.68
6.00	8.44	7.16	6.44	6.00
6.50	8.71	7.46	6.75	6.32
7.00	8.99	7.76	7.07	6.66
7.50	9.28	8.06	7.39	7.00
8.00	9.56	8.37	7.72	7.34
8.50	9.85	8.68	8.06	7.69
9.00	10.15	9.00	8.40	8.05
9.50	10.45	9.33	8.74	8.41
10.00	10.75	9.66	9.09	8.78
10.50	11.06	9.99	9.45	9.15
11.00	11.37	10.33	9.81	9.53
11.50	11.69	10.67	10.17	9.91
12.00	12.01	11.02	10.54	10.29
12.50	12.33	11.37	10.91	10.68
13.00	12.66	11.72	11.28	11.07

Note: Multiply the cost per $1,000 by the size of the mortgage (in thousands). The result is the monthly payment, including principal and interest. For example, for an $80,000 mortgage for 30 years at 10 percent, multiply 80 x 8.78 = 702.40.

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