American Mortgage Payments
5 - 6¾%
These tables are computed on the basis of nominal annual rates compounded monthly. Please choose the page with the applicable annual rate:
How To Use:
- You need a 20-year conventional mortgage of $100,000. Current market rate is 6½%. How much is the required monthly mortgage payment?
- Find the column with interest rate of 6½% below.
- Find the row for 20 year, the number inside the cell is 7.455731
- The monthly payment is 100 × 7.455731 = $745.57
| Monthly Payments for $1000 Mortgage | ||||||||
|---|---|---|---|---|---|---|---|---|
| Yrs | Interest Rate (% p.a.) | |||||||
| 5 | 5¼ | 5½ | 5¾ | 6 | 6¼ | 6½ | 6¾ | |
| 1 | 85.60748 | 85.72209 | 85.83678 | 85.95156 | 86.06643 | 86.18138 | 86.29642 | 86.41154 |
| 2 | 43.87139 | 43.98344 | 44.09566 | 44.20805 | 44.32061 | 44.43334 | 44.54625 | 44.65933 |
| 3 | 29.97090 | 30.08327 | 30.19590 | 30.30879 | 30.42194 | 30.53534 | 30.64900 | 30.76292 |
| 4 | 23.02929 | 23.14271 | 23.25648 | 23.37058 | 23.48503 | 23.59982 | 23.71495 | 23.83043 |
| 5 | 18.87123 | 18.98598 | 19.10116 | 19.21677 | 19.33280 | 19.44926 | 19.56615 | 19.68346 |
| 6 | 16.10493 | 16.22115 | 16.33789 | 16.45513 | 16.57289 | 16.69115 | 16.80993 | 16.92921 |
| 7 | 14.13391 | 14.25168 | 14.37004 | 14.48900 | 14.60855 | 14.72870 | 14.84944 | 14.97076 |
| 8 | 12.65992 | 12.77928 | 12.89932 | 13.02004 | 13.14143 | 13.26350 | 13.38623 | 13.50964 |
| 9 | 11.51727 | 11.63826 | 11.76000 | 11.88250 | 12.00575 | 12.12976 | 12.25452 | 12.38002 |
| 10 | 10.60655 | 10.72917 | 10.85263 | 10.97692 | 11.10205 | 11.22801 | 11.35480 | 11.48241 |
| 5 | 5¼ | 5½ | 5¾ | 6 | 6¼ | 6½ | 6¾ | |
| 11 | 9.864488 | 9.988752 | 10.11393 | 10.24003 | 10.36703 | 10.49495 | 10.62377 | 10.75349 |
| 12 | 9.248904 | 9.374815 | 9.501722 | 9.629619 | 9.758502 | 9.888368 | 10.01921 | 10.15103 |
| 13 | 8.730597 | 8.858156 | 8.986785 | 9.116480 | 9.247234 | 9.379044 | 9.511902 | 9.645803 |
| 14 | 8.288707 | 8.417910 | 8.548257 | 8.679742 | 8.812359 | 8.946101 | 9.080961 | 9.216931 |
| 15 | 7.907936 | 8.038777 | 8.170835 | 8.304101 | 8.438568 | 8.574229 | 8.711074 | 8.849095 |
| 16 | 7.576810 | 7.709281 | 7.843039 | 7.978075 | 8.114379 | 8.251941 | 8.390753 | 8.530802 |
| 17 | 7.286553 | 7.420645 | 7.556092 | 7.692883 | 7.831008 | 7.970454 | 8.111211 | 8.253266 |
| 18 | 7.030339 | 7.166040 | 7.303164 | 7.441695 | 7.581623 | 7.722934 | 7.865613 | 8.009647 |
| 19 | 6.802778 | 6.940077 | 7.078862 | 7.219118 | 7.360830 | 7.503982 | 7.648560 | 7.794546 |
| 20 | 6.599557 | 6.738442 | 6.878873 | 7.020835 | 7.164311 | 7.309282 | 7.455731 | 7.603640 |
| 5 | 5¼ | 5½ | 5¾ | 6 | 6¼ | 6½ | 6¾ | |
| 21 | 6.417186 | 6.557641 | 6.699702 | 6.843352 | 6.988569 | 7.135335 | 7.283629 | 7.433430 |
| 22 | 6.252808 | 6.394817 | 6.538491 | 6.683807 | 6.830744 | 6.979280 | 7.129390 | 7.281052 |
| 23 | 6.104060 | 6.247609 | 6.392877 | 6.539839 | 6.688472 | 6.838750 | 6.990647 | 7.144136 |
| 24 | 5.968975 | 6.114047 | 6.260889 | 6.409477 | 6.559781 | 6.711774 | 6.865427 | 7.020711 |
| 25 | 5.845900 | 5.992477 | 6.140875 | 6.291064 | 6.443014 | 6.596694 | 6.752072 | 6.909115 |
| 26 | 5.733436 | 5.881500 | 6.031432 | 6.183200 | 6.336770 | 6.492108 | 6.649178 | 6.807946 |
| 27 | 5.630390 | 5.779922 | 5.931368 | 6.084691 | 6.239854 | 6.396819 | 6.555550 | 6.716006 |
| 28 | 5.535740 | 5.686721 | 5.839658 | 5.994511 | 6.151240 | 6.309804 | 6.470161 | 6.632269 |
| 29 | 5.448603 | 5.601014 | 5.755421 | 5.911779 | 6.070046 | 6.230177 | 6.392127 | 6.555850 |
| 30 | 5.368216 | 5.522037 | 5.677890 | 5.835729 | 5.995505 | 6.157172 | 6.320680 | 6.485981 |
| 5 | 5¼ | 5½ | 5¾ | 6 | 6¼ | 6½ | 6¾ | |
| 31 | 5.293913 | 5.449123 | 5.606399 | 5.765692 | 5.926950 | 6.090121 | 6.255153 | 6.421994 |
| 32 | 5.225111 | 5.381689 | 5.540365 | 5.701086 | 5.863796 | 6.028439 | 6.194961 | 6.363304 |
| 33 | 5.161297 | 5.319222 | 5.479274 | 5.641397 | 5.805529 | 5.971613 | 6.139589 | 6.309396 |
| 34 | 5.102019 | 5.261269 | 5.422674 | 5.586171 | 5.751697 | 5.919189 | 6.088584 | 6.259817 |
| 35 | 5.046877 | 5.207430 | 5.370163 | 5.535007 | 5.701897 | 5.870765 | 6.041543 | 6.214165 |
| 36 | 4.995513 | 5.157348 | 5.321384 | 5.487549 | 5.655773 | 5.825983 | 5.998111 | 6.172083 |
| 37 | 4.947611 | 5.110705 | 5.276019 | 5.443477 | 5.613005 | 5.784527 | 5.957967 | 6.133253 |
| 38 | 4.902885 | 5.067216 | 5.233784 | 5.402508 | 5.573309 | 5.746109 | 5.920828 | 6.097389 |
| 39 | 4.861080 | 5.026626 | 5.194421 | 5.364384 | 5.536430 | 5.710475 | 5.886439 | 6.064238 |
| 40 | 4.821966 | 4.988703 | 5.157703 | 5.328876 | 5.502136 | 5.677396 | 5.854568 | 6.033568 |
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