|
These tables are computed on the basis of nominal annual rates compounded monthly. Please choose the page with the applicable annual rate:
- You need a 20-year conventional mortgage of $100,000. Current market rate is 18½%. How much is the required monthly mortgage payment?
- Find the column with interest rate of 18½% below.
- Find the row for 20 year, the number inside the cell is 15.81897
- The monthly payment is 100 × 15.81897 = $1581.90
| Monthly Payments for $1000 Mortgage |
| Yrs | Interest Rate (% p.a.) |
| 17 | 17¼ | 17½ | 17¾ | 18 | 18¼ | 18½ | 18¾ |
| 1 | 91.20475 | 91.32344 | 91.44220 | 91.56106 | 91.67999 | 91.79901 | 91.91812 | 92.03731 |
| 2 | 49.44226 | 49.56247 | 49.68285 | 49.80339 | 49.92410 | 50.04498 | 50.16603 | 50.28724 |
| 3 | 35.65273 | 35.77727 | 35.90207 | 36.02711 | 36.15240 | 36.27793 | 36.40371 | 36.52974 |
| 4 | 28.85504 | 28.98455 | 29.11437 | 29.24453 | 29.37500 | 29.50580 | 29.63692 | 29.76836 |
| 5 | 24.85258 | 24.98720 | 25.12221 | 25.25762 | 25.39343 | 25.52962 | 25.66621 | 25.80319 |
| 6 | 22.24613 | 22.38586 | 22.52605 | 22.66669 | 22.80779 | 22.94935 | 23.09135 | 23.23381 |
| 7 | 20.43580 | 20.58054 | 20.72579 | 20.87156 | 21.01784 | 21.16463 | 21.31192 | 21.45972 |
| 8 | 19.12145 | 19.27105 | 19.42121 | 19.57193 | 19.72321 | 19.87505 | 20.02744 | 20.18038 |
| 9 | 18.13619 | 18.29046 | 18.44533 | 18.60081 | 18.75689 | 18.91356 | 19.07082 | 19.22866 |
| 10 | 17.37977 | 17.53850 | 17.69788 | 17.85788 | 18.01852 | 18.17978 | 18.34165 | 18.50414 |
| 17 | 17¼ | 17½ | 17¾ | 18 | 18¼ | 18½ | 18¾ |
| 11 | 16.78832 | 16.95130 | 17.11494 | 17.27923 | 17.44418 | 17.60977 | 17.77599 | 17.94285 |
| 12 | 16.31923 | 16.48621 | 16.65387 | 16.82220 | 16.99120 | 17.16084 | 17.33114 | 17.50208 |
| 13 | 15.94295 | 16.11369 | 16.28512 | 16.45723 | 16.63001 | 16.80345 | 16.97753 | 17.15226 |
| 14 | 15.63838 | 15.81264 | 15.98759 | 16.16321 | 16.33950 | 16.51645 | 16.69405 | 16.87228 |
| 15 | 15.39004 | 15.56757 | 15.74578 | 15.92467 | 16.10421 | 16.28440 | 16.46523 | 16.64669 |
| 16 | 15.18634 | 15.36690 | 15.54813 | 15.73002 | 15.91256 | 16.09573 | 16.27952 | 16.46393 |
| 17 | 15.01843 | 15.20179 | 15.38579 | 15.57045 | 15.75573 | 15.94163 | 16.12812 | 16.31521 |
| 18 | 14.87947 | 15.06539 | 15.25195 | 15.43913 | 15.62691 | 15.81529 | 16.00425 | 16.19377 |
| 19 | 14.76409 | 14.95236 | 15.14124 | 15.33072 | 15.52078 | 15.71141 | 15.90259 | 16.09431 |
| 20 | 14.66801 | 14.85842 | 15.04942 | 15.24099 | 15.43312 | 15.62578 | 15.81897 | 16.01266 |
| 17 | 17¼ | 17½ | 17¾ | 18 | 18¼ | 18½ | 18¾ |
| 21 | 14.58782 | 14.78018 | 14.97310 | 15.16656 | 15.36055 | 15.55504 | 15.75003 | 15.94550 |
| 22 | 14.52077 | 14.71489 | 14.90955 | 15.10472 | 15.30038 | 15.49652 | 15.69312 | 15.89016 |
| 23 | 14.46461 | 14.66033 | 14.85655 | 15.05325 | 15.25041 | 15.44802 | 15.64606 | 15.84452 |
| 24 | 14.41751 | 14.61467 | 14.81229 | 15.01037 | 15.20887 | 15.40779 | 15.60711 | 15.80682 |
| 25 | 14.37797 | 14.57641 | 14.77530 | 14.97460 | 15.17430 | 15.37439 | 15.57484 | 15.77565 |
| 26 | 14.34473 | 14.54434 | 14.74434 | 14.94474 | 15.14551 | 15.34663 | 15.54809 | 15.74987 |
| 27 | 14.31678 | 14.51742 | 14.71843 | 14.91980 | 15.12151 | 15.32354 | 15.52589 | 15.72853 |
| 28 | 14.29326 | 14.49481 | 14.69672 | 14.89895 | 15.10149 | 15.30433 | 15.50746 | 15.71086 |
| 29 | 14.27344 | 14.47582 | 14.67852 | 14.88151 | 15.08479 | 15.28835 | 15.49216 | 15.69622 |
| 30 | 14.25675 | 14.45986 | 14.66325 | 14.86692 | 15.07085 | 15.27503 | 15.47945 | 15.68408 |
| 17 | 17¼ | 17½ | 17¾ | 18 | 18¼ | 18½ | 18¾ |
| 31 | 14.24269 | 14.44643 | 14.65045 | 14.85471 | 15.05922 | 15.26394 | 15.46888 | 15.67402 |
| 32 | 14.23082 | 14.43514 | 14.63970 | 14.84449 | 15.04950 | 15.25470 | 15.46010 | 15.66568 |
| 33 | 14.22082 | 14.42564 | 14.63068 | 14.83593 | 15.04137 | 15.24700 | 15.45280 | 15.65875 |
| 34 | 14.21238 | 14.41765 | 14.62311 | 14.82876 | 15.03459 | 15.24058 | 15.44673 | 15.65301 |
| 35 | 14.20526 | 14.41092 | 14.61675 | 14.82276 | 15.02892 | 15.23523 | 15.44168 | 15.64825 |
| 36 | 14.19925 | 14.40525 | 14.61141 | 14.81773 | 15.02418 | 15.23077 | 15.43748 | 15.64430 |
| 37 | 14.19418 | 14.40048 | 14.60693 | 14.81351 | 15.02022 | 15.22705 | 15.43398 | 15.64102 |
| 38 | 14.18990 | 14.39646 | 14.60316 | 14.80998 | 15.01691 | 15.22394 | 15.43107 | 15.63830 |
| 39 | 14.18629 | 14.39308 | 14.59999 | 14.80702 | 15.01414 | 15.22135 | 15.42866 | 15.63604 |
| 40 | 14.18324 | 14.39023 | 14.59733 | 14.80453 | 15.01182 | 15.21920 | 15.42664 | 15.63416 |
|