American Mortgage Payments
7 - 8¾%
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 8½%. How much is the required monthly mortgage payment?
- Find the column with interest rate of 8½% below.
- Find the row for 20 year, the number inside the cell is 8.678232
- The monthly payment is 100 × 8.678232 = $867.82
| Monthly Payments for $1000 Mortgage | ||||||||
|---|---|---|---|---|---|---|---|---|
| Yrs | Interest Rate (% p.a.) | |||||||
| 7 | 7¼ | 7½ | 7¾ | 8 | 8¼ | 8½ | 8¾ | |
| 1 | 86.52675 | 86.64204 | 86.75742 | 86.87288 | 86.98843 | 87.10406 | 87.21978 | 87.33559 |
| 2 | 44.77258 | 44.88600 | 44.99959 | 45.11336 | 45.22729 | 45.34140 | 45.45567 | 45.57012 |
| 3 | 30.87710 | 30.99153 | 31.10622 | 31.22116 | 31.33637 | 31.45182 | 31.56754 | 31.68351 |
| 4 | 23.94624 | 24.06240 | 24.17890 | 24.29574 | 24.41292 | 24.53044 | 24.64830 | 24.76650 |
| 5 | 19.80120 | 19.91936 | 20.03795 | 20.15696 | 20.27639 | 20.39625 | 20.51653 | 20.63723 |
| 6 | 17.04901 | 17.16931 | 17.29011 | 17.41142 | 17.53324 | 17.65556 | 17.77838 | 17.90171 |
| 7 | 15.09268 | 15.21518 | 15.33828 | 15.46195 | 15.58621 | 15.71106 | 15.83649 | 15.96249 |
| 8 | 13.63372 | 13.75846 | 13.88387 | 14.00994 | 14.13668 | 14.26407 | 14.39213 | 14.52084 |
| 9 | 12.50628 | 12.63328 | 12.76102 | 12.88950 | 13.01871 | 13.14867 | 13.27935 | 13.41077 |
| 10 | 11.61085 | 11.74010 | 11.87018 | 12.00106 | 12.13276 | 12.26526 | 12.39857 | 12.53268 |
| 7 | 7¼ | 7½ | 7¾ | 8 | 8¼ | 8½ | 8¾ | |
| 11 | 10.88410 | 11.01561 | 11.14801 | 11.28129 | 11.41545 | 11.55048 | 11.68639 | 11.82317 |
| 12 | 10.28381 | 10.41756 | 10.55226 | 10.68792 | 10.82453 | 10.96207 | 11.10056 | 11.23997 |
| 13 | 9.780741 | 9.916711 | 10.05370 | 10.19172 | 10.33074 | 10.47077 | 10.61179 | 10.75381 |
| 14 | 9.354005 | 9.492175 | 9.631433 | 9.771772 | 9.913182 | 10.05566 | 10.19919 | 10.34376 |
| 15 | 8.988283 | 9.128629 | 9.270124 | 9.412758 | 9.556521 | 9.701404 | 9.847396 | 9.994487 |
| 16 | 8.672080 | 8.814575 | 8.958276 | 9.103172 | 9.249250 | 9.396500 | 9.544910 | 9.694467 |
| 17 | 8.396607 | 8.541220 | 8.687094 | 8.834215 | 8.982568 | 9.132142 | 9.282921 | 9.434892 |
| 18 | 8.155022 | 8.301722 | 8.449733 | 8.599040 | 8.749626 | 8.901477 | 9.054575 | 9.208904 |
| 19 | 7.941924 | 8.090677 | 8.240788 | 8.392240 | 8.545014 | 8.699092 | 8.854456 | 9.011088 |
| 20 | 7.752989 | 7.903760 | 8.055932 | 8.209486 | 8.364401 | 8.520657 | 8.678232 | 8.837107 |
| 7 | 7¼ | 7½ | 7¾ | 8 | 8¼ | 8½ | 8¾ | |
| 21 | 7.584717 | 7.737468 | 7.891660 | 8.047272 | 8.204280 | 8.362661 | 8.522392 | 8.683450 |
| 22 | 7.434241 | 7.588933 | 7.745104 | 7.902728 | 8.061779 | 8.222232 | 8.384062 | 8.547241 |
| 23 | 7.299192 | 7.455787 | 7.613893 | 7.773482 | 7.934526 | 8.096997 | 8.260865 | 8.426103 |
| 24 | 7.177596 | 7.336052 | 7.496049 | 7.657556 | 7.820541 | 7.984974 | 8.150823 | 8.318057 |
| 25 | 7.067792 | 7.228069 | 7.389912 | 7.553288 | 7.718162 | 7.884501 | 8.052271 | 8.221436 |
| 26 | 6.968376 | 7.130431 | 7.294074 | 7.459270 | 7.625981 | 7.794170 | 7.963800 | 8.134833 |
| 27 | 6.878149 | 7.041940 | 7.207338 | 7.374305 | 7.542799 | 7.712781 | 7.884210 | 8.057048 |
| 28 | 6.796086 | 6.961569 | 7.128676 | 7.297363 | 7.467586 | 7.639304 | 7.812474 | 7.987052 |
| 29 | 6.721301 | 6.888433 | 7.057201 | 7.227558 | 7.399458 | 7.572856 | 7.747705 | 7.923960 |
| 30 | 6.653025 | 6.821763 | 6.992145 | 7.164122 | 7.337646 | 7.512666 | 7.689135 | 7.867004 |
| 7 | 7¼ | 7½ | 7¾ | 8 | 8¼ | 8½ | 8¾ | |
| 31 | 6.590590 | 6.760890 | 6.932840 | 7.106387 | 7.281481 | 7.458067 | 7.636097 | 7.815518 |
| 32 | 6.533412 | 6.705229 | 6.878700 | 7.053768 | 7.230378 | 7.408476 | 7.588007 | 7.768919 |
| 33 | 6.480975 | 6.654266 | 6.829211 | 7.005750 | 7.183825 | 7.363378 | 7.544354 | 7.726696 |
| 34 | 6.432826 | 6.607548 | 6.783920 | 6.961880 | 7.141368 | 7.322323 | 7.504686 | 7.688399 |
| 35 | 6.388564 | 6.564672 | 6.742426 | 6.921759 | 7.102609 | 7.284911 | 7.468606 | 7.653631 |
| 36 | 6.347830 | 6.525283 | 6.704373 | 6.885031 | 7.067192 | 7.250789 | 7.435760 | 7.622042 |
| 37 | 6.310309 | 6.489063 | 6.669443 | 6.851379 | 7.034801 | 7.219642 | 7.405835 | 7.593318 |
| 38 | 6.275714 | 6.455727 | 6.637354 | 6.820520 | 7.005155 | 7.191189 | 7.378553 | 7.567181 |
| 39 | 6.243792 | 6.425022 | 6.607851 | 6.792202 | 6.978002 | 7.165179 | 7.353662 | 7.543384 |
| 40 | 6.214313 | 6.396719 | 6.580707 | 6.766199 | 6.953117 | 7.141388 | 7.330941 | 7.521705 |
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