Your Home, Your Life... Make It Great!
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Interest Rate Factor Chart |
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Interest Rate Factor Chart
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 year terms.
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 divided by $1,000.
Here’s
an example:
Interest
Rate: 7 3/4 %
Term: 30 Years
Interest
Rate Factor: 7.16
Total
Mortgage: $115,000
Monthly
Payment: 115 * 7.16
$823.40
This is a calculation of principal and interest
only. It does not include property taxes, insurance, association
dues, or other charges.
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Factors
per $1,000
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Interest
Rate
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Term
15 Years
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Term
30 Years
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Interest
Rate
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Term
15 Years
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Term
30 Years
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4
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7.40
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4.77
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8
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9.56
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7.34
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4
1/8
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7.46
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4.85
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8
1/8
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9.63
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7.42
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4
1/4
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7.52
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4.92
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8
1/4
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9.70
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7.51
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4
3/8
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7.59
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4.99
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8
3/8
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9.77
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7.60
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4
1/2
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7.65
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5.07
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8
1/2
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9.85
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7.69
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4
5/8
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7.71
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5.14
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8
5/8
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9.92
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7.78
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4
3/4
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7.78
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5.22
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8
3/4
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9.99
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7.87
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4
7/8
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7.84
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5.29
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8
7/8
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10.07
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7.96
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5
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7.91
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5.37
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9
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10.14
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8.05
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5
1/8
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7.97
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5.44
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9
1/8
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10.22
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8.14
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5
1/4
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8.04
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5.52
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9
1/4
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10.29
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8.23
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5
3/8
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8.10
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5.60
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9
3/8
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10.37
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8.32
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5
1/2
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8.17
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5.68
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9
1/2
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10.44
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8.41
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5
5/8
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8.24
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5.76
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9
5/8
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10.52
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8.50
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5
3/4
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8.30
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5.84
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9
3/4
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10.59
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8.59
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5
7/8
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8.37
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5.92
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9
7/8
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10.67
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8.68
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6
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8.44
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6.00
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10
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10.75
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8.78
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6
1/8
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8.51
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6.08
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10
1/8
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10.82
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8.87
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6
1/4
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8.57
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6.16
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10
1/4
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10.90
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8.96
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6
3/8
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8.64
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6.24
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10
3/8
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10.98
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9.05
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6
1/2
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8.71
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6.32
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10
1/2
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11.05
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9.15
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6
5/8
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8.78
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6.40
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10
5/8
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11.13
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9.24
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6
3/4
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8.85
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6.49
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10
3/4
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11.21
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9.33
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6
7/8
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8.92
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6.57
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10
7/8
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11.29
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9.43
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7
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8.99
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6.65
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11
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11.37
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9.52
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7
1/8
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9.06
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6.74
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11
1/8
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11.44
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9.62
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7
1/4
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9.13
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6.82
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11
1/4
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11.52
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9.71
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7
3/8
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9.20
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6.91
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11
3/8
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11.60
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9.81
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7
1/2
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9.27
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6.99
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11
1/2
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11.68
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9.90
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7
5/8
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9.34
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7.08
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11
5/8
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11.76
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10.00
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7
3/4
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9.41
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7.16
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11
3/4
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11.84
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10.09
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7
7/8
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9.48
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7.25
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11
7/8
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11.92
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10.19
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We Love Clintonville!
Among the many Columbus and Central Ohio communities we serve, we have a particular fondness for
Clintonville because that's where our home office is located!
What is Clintonville?
Clintonville is charming,
Clintonville is classic,
Clintonville is convenient,
Clintonville is ...
HOME!
Clintonville can be your home too! To learn more about Clintonville and all of the amazing
features this community has to offer, don't wait - contact your neighborhood experts at
Make It Great! Real Estate.
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Real Estate Glossary
Liquid Asset: a cash asset or an asset that is easily converted into cash.
Glass Block : A window type formed by a compilation of small translucent cubes of glass.
Circulation : Architecture is not experienced statically. Circulation routes, the means by which access is provided through and around a building, are very often key elements in creating an understanding of architecture as users move from one part of a building to another through a carefully considered sequence of spaces. That part of a room or building required for movement of people from place to place.
Comparative Market Analysis (COMPS): a property evaluation that determines property value by comparing similar properties sold within the last year.
V-Type Ridge Cover: A series of clay shingles used to cover the ridge pole on tile and slate roofs.
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About Us
Make It Great! Real Estate LLC
Residential Real Estate Brokers
Residential Property Management
Homes For Sale
Investment Property For Sale
George Byrd, Broker
614-267-7676
614-474-8095 fax
Email
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