By Eric Tyson, Robert S. Griswold

Part of Mortgage Management 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

*Warning: Mortgage payments are only a portion of the costs of owning a home.