INTEREST RATE FACTORS AMOUNT PER $1000 MORTGAGE 

Interest Rate

30 Year Factor

15 Year Factor

 

    

4.125%

4.847

7.460

4.250%

4.919

7.523

4.375%

4.993

7.586

4.500%

5.067

7.649

4.625%

5.141

7.714

4.750%

5.216

7.778

4.875%

5.292

7.843

5.000%

5.368

7.908

5.125%

5.445

7.973

5.250%

5.522

8.039

5.375%

5.600

8.105

5.500%

5.678

8.171

5.625%

5.756

8.237

5.750%

5.736

8.304

5.875%

5.915

8.371

6.000%

5.996

8.439

6.125%

6.076

8.506

6.250%

6.157

8.574

6.375%

6.239

8.643

6.500%

6.321

8.711

6.625%

6.403

8.779

6.750%

6.486

8.849

6.875%

6.569

8.918

7.000%

6.653

8.988

7.125%

6.737

9.058

7.250%

6.821

9.128

7.375%

6.907

9.199

7.500%

6.992

9.270

7.625%

7.077

9.341

7.750%

7.164

9.412

7.875%

7.250

9.484

8.000%

7.337

9.556

8.125%

7.425

9.629

8.250%

7.513

9.701

8.375%

7.600

9.774

8.500%

7.689

9.847

8.625%

7.777

9.920

8.75%

7.867

9.994

8.875%

7.956

10.068

9.000%

8.046

10.142

9.125%

8.136

10.217

9.250%

8.226

10.291

9.375%

8.317

10.366

9.500%

8.408

10.442

9.625%

8.499

10.518

9.750%

8.591

10.594

9.875%

8.683

10.669

10.000%

8.776

10.746

10.125%

8.868

10.823

 

Here’s how it works. Example: Loan Amount $50,000 at 7.500 % for 30 years

Take 50 x 6.992 (factor for 7.5%) = $349.60 /mo. Payment (principal & interest)

{NOTE: payment may be off a few pennies due to true factors being 6 decimals out)

Calculation of principal and interest only. It does not include property taxes, insurance, association dues, or other charges like Private Mortgage Insurance.