Amortization Chart 

 
 

Amortization Chart - Interest Rates (%) Courtesy of Gene Checora, GENNER REALTY LIMITED

·       5.00% - 8.50%

·       8.75% - 12.25%

·       12.5% - 16.00%

 

·                 Calculations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.0

5.25

5.5

5.75

6.0

6.25

6.50

6.75

7.0

7.25

7.50

7.75

8.0

8.25

8.50

1 Yr

85.58

86.70

85.81

85.92

86.03

86.14

86.26

86.37

86.49

86.60

86.71

86.82

86.93

87.05

87.16

3 Yr

29.95

30.06

30.17

30.28

30.39

30.50

30.61

30.72

30.84

30.95

31.06

31.17

31.28

31.39

31.50

5 Yr

18.18

18.96

19.07

19.18

19.30

19.41

19.53

19.64

19.76

19.87

19.99

20.10

20.22

20.33

20.45

10 Yr

10.58

10.70

10.82

10.94

11.06

11.19

11.31

11.43

11.56

11.69

11.82

11.94

12.07

12.20

12.33

15 Yr

7.88

8.01

8.14

8.27

8.40

8.53

8.66

8.80

8.94

9.07

9.21

9.35

9.49

9.63

9.77

20 Yr

6.57

6.71

6.84

6.98

7.12

7.26

7.40

7.55

7.70

7.84

7.99

8.14

8.29

8.44

8.59

25 Yr

5.82

5.96

6.10

6.25

6.40

6.55

6.70

6.85

7.01

7.16

7.32

7.48

7.64

7.80

7.96

30 Yr

5.34

5.49

5.64

5.79

5.95

6.10

6.26

6.42

6.59

6.75

6.92

7.08

7.25

7.42

7.59

35 Yr

5.01

5.17

5.33

5.49

5.65

5.82

5.98

6.15

6.32

6.49

6.67

6.68

7.01

7.19

7.37

 

8.75

9.0

9.25

9.5

9.75

10.0

10.25

10.5

10.75

11.0

11.25

11.5

11.75

12.0

12.25

1 Yr

87.27

87.38

87.49

87.60

87.72

87.83

87.94

88.05

88.16

88.27

88.38

88.50

88.61

88.72

88.83

3 Yr

31.62

31.73

31.84

31.95

32.06

32.18

32.29

32.40

32.52

32.63

32.74

32.85

32.97

33.05

33.19

5 Yr

20.57

20.68

20.80

20.92

21.04

21.15

21.27

21.39

21.51

21.63

21.74

21.86

21.98

22.10

22.22

10 Yr

12.45

12.58

12.71

12.84

12.98

13.11

13.34

13.37

13.51

13.64

13.78

13.91

14.05

14.19

14.32

15 Yr

9.91

10.05

10.19

10.34

10.48

10.63

10.77

10.92

11.07

11.22

11.37

11.52

11.67

11.82

11.97

20 Yr

8.74

8.90

9.05

9.21

9.36

9.52

9.68

9.84

10.00

10.16

10.32

10.49

10.65

10.81

10.98

25 Yr

8.12

8.28

8.45

8.62

8.78

8.95

9.12

9.29

9.46

9.63

9.80

9.98

10.15

10.32

10.50

30 Yr

7.76

7.93

8.11

8.28

8.46

8.63

8.81

8.99

9.17

9.34

9.52

9.71

9.98

10.07

10.25

35 Yr

7.54

7.72

7.90

8.08

8.26

8.45

8.63

8.81

9.00

9.18

9.37

9.56

9.74

9.63

10.12

 

12.50

12.75

13.0

13.25

13.5

13.75

14.0

14.25

14.5

14.75

15.0

15.25

15.5

15.75

16.0

1 Yr

88.94

89.05

89.16

89.27

89.39

89.50

89.61

89.72

89.83

89.94

90.05

90.16

90.27

90.38

90.50

3 Yr

33.31

33.42

33.54

33.65

33.76

33.88

33.99

34.11

34.22

34.34

34.45

34.57

34.68

34.80

34.91

5 Yr

22.34

22.46

22.59

22.71

22.83

22.95

23.07

23.19

23.31

23.44

23.56

23.68

23.81

23.93

24.05

10 Yr

14.46

14.60

14.74

14.88

15.02

15.16

15.30

15.44

15.58

15.72

15.87

16.01

16.15

16.30

16.44

15 Yr

12.13

12.28

12.44

12.59

12.75

12.90

13.06

13.22

13.38

13.54

13.70

13.86

14.02

14.18

14.34

20 Yr

11.15

11.31

11.48

11.65

11.82

11.99

12.16

12.33

12.50

12.67

12.84

13.02

13.19

13.36

13.54

25 Yr

10.68

10.85

11.03

11.21

11.39

11.56

11.74

11.92

12.10

12.29

12.47

12.65

12.83

13.01

13.20

30 Yr

10.43

10.62

10.80

10.99

11.17

11.36

11.54

11.73

11.92

12.10

12.29

12.48

12.67

12.86

13.04

35 Yr

10.31

10.50

10.69

10.88

11.07

11.26

11.45

11.64

11.83

12.02

12.21

12.40

12.59

12.78

12.97


Calculations

To estimate your monthly payment, find the figure under the mortgage rate (%) that corresponds to the number of years you want to pay off the loan.

For example, if your interest rate is 10.25% and the length of the mortgage is 25 years, then the number you need is 9.12 to figure your monthly payment;

9.12 * (Mortgage amount) = monthly payment/1,000. If your mortgaged amount is $30,000, your monthly payment is $273.60.

Salary Requirement Chart - Based on GDS ratio of 30%

Monthly mortgage payment including taxes

$350         375     400     425     450     475

500

525

550

575

600

700

750

800

850

900

950

1000

Gross monthly salary requirement

 

 

 

 

 

 

 

 

 

 

 

 

$1167     1250   1333   1417   1500   1583

1667

1750

1833

1917

2000

2333

2500

2666

2833

3000

3166

3333