Mortgage Payment Calculator

Part of the Mortgages For Dummies Cheat Sheet

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