posted Dec 14, 2011, 9:28 PM by Massey Kouhssari
It is confusing to get a loan amount with monthly payments and not be able to compare it with different interest rate options; therefore, we created a standard chart for a base loan amount of $100,000 and interest rate ranging from 4.500% to 10.00%. However, these payments may vary depending upon the loan programs and closing costs. The monthly payments are based on a $100,000 loan amount for 30 and 15 year fixed, and ARM programs ranging from 1 year to 10 years. | 30 year | 15 year | 10 year ARM | 7 year ARM | 5 year ARM | 3 year ARM | 1 year ARM | Interest Rate | 360 monthly payments | 180 monthly payment | Monthly payments fixed for 120 months and afterwards payment charges | Monthly payments fixed for 84 months and afterwards payment charges | Monthly payments fixed for 60 months and afterwards payment charges | Monthly payments fixed for 36 months and afterwards payment charges | Monthly payments fixed for 12 months and afterwards payment charges | 4.500% | $507.00 | $765.00 | $507.00 | $507.00 | $507.00 | $507.00 | $507.00 | 4.625% | $514.00 | $771.00 | $514.00 | $514.00 | $514.00 | $514.00 | $514.00 | 4.750% | $522.00 | $778.00 | $522.00 | $522.00 | $522.00 | $522.00 | $522.00 | 4.875% | $529.00 | $784.00 | $529.00 | $529.00 | $529.00 | $529.00 | $529.00 | 5.000% | $537.00 | $791.00 | $537.00 | $537.00 | $537.00 | $537.00 | $537.00 | 5.125% | $544.00 | $797.00 | $544.00 | $544.00 | $544.00 | $544.00 | $544.00 | 5.375% | $560.00 | $810.00 | $560.00 | $560.00 | $560.00 | $560.00 | $560.00 | 5.500% | $568.00 | $817.00 | $568.00 | $568.00 | $568.00 | $568.00 | $568.00 | 5.625% | $576.00 | $824.00 | $576.00 | $576.00 | $576.00 | $576.00 | $576.00 | 5.750% | $584.00 | $830.00 | $584.00 | $584.00 | $584.00 | $584.00 | $584.00 | 5.875% | $592.00 | $837.00 | $592.00 | $592.00 | $592.00 | $592.00 | $592.00 | 6.000% | $560.00 | $844.00 | $560.00 | $560.00 | $560.00 | $560.00 | $560.00 | 6.125% | $608.00 | $851.00 | $608.00 | $608.00 | $608.00 | $608.00 | $608.00 | 6.250% | $616.00 | $857.00 | $616.00 | $616.00 | $616.00 | $616.00 | $616.00 | 6.375% | $624.00 | $864.00 | $624.00 | $624.00 | $624.00 | $624.00 | $624.00 | 6.500% | $632.00 | $871.00 | $632.00 | $632.00 | $632.00 | $632.00 | $632.00 | 6.625% | $640.00 | $878.00 | $640.00 | $640.00 | $640.00 | $640.00 | $640.00 | 6.750% | $649.00 | $885.00 | $649.00 | $649.00 | $649.00 | $649.00 | $649.00 | 6.875% | $654.00 | $892.00 | $654.00 | $654.00 | $654.00 | $654.00 | $654.00 | 7.000% | $665.00 | $899.00 | $665.00 | $665.00 | $665.00 | $665.00 | $665.00 | 7.125% | $674.00 | $906.00 | $674.00 | $674.00 | $674.00 | $674.00 | $674.00 | 7.250% | $682.00 | $913.00 | $682.00 | $682.00 | $682.00 | $682.00 | $682.00 | 7.375% | $691.00 | $920.00 | $691.00 | $691.00 | $691.00 | $691.00 | $691.00 | 7.500% | $699.00 | $927.00 | $699.00 | $699.00 | $699.00 | $699.00 | $699.00 | 7.625% | $708.00 | $934.00 | $708.00 | $708.00 | $708.00 | $708.00 | $708.00 | 7.750% | $716.00 | $941.00 | $716.00 | $716.00 | $716.00 | $716.00 | $716.00 | 7.875% | $725.00 | $948.00 | $725.00 | $725.00 | $725.00 | $725.00 | $725.00 | 8.000% | $734.00 | $956.00 | $734.00 | $734.00 | $734.00 | $734.00 | $734.00 | 8.125% | $742.00 | $963.00 | $742.00 | $742.00 | $742.00 | $742.00 | $742.00 | 8.250% | $751.00 | $970.00 | $751.00 | $751.00 | $751.00 | $751.00 | $751.00 | 8.375% | $760.00 | $977.00 | $760.00 | $760.00 | $760.00 | $760.00 | $760.00 | 8.500% | $769.00 | $985.00 | $769.00 | $769.00 | $769.00 | $769.00 | $769.00 | 8.625% | $778.00 | $992.00 | $778.00 | $778.00 | $778.00 | $778.00 | $778.00 | 8.750% | $787.00 | $999.00 | $787.00 | $787.00 | $787.00 | $787.00 | $787.00 | 8.875% | $796.00 | $1007.00 | $796.00 | $796.00 | $796.00 | $796.00 | $796.00 | 9.000% | $805.00 | $1014.00 | $805.00 | $805.00 | $805.00 | $805.00 | $805.00 | 9.125% | $814.00 | $1022.00 | $814.00 | $814.00 | $814.00 | $814.00 | $814.00 | 9.250% | $823.00 | $1029.00 | $823.00 | $823.00 | $823.00 | $823.00 | $823.00 | 9.375% | $832.00 | $1037.00 | $832.00 | $832.00 | $832.00 | $832.00 | $832.00 | 9.500% | $841.00 | $1044.00 | $841.00 | $841.00 | $841.00 | $841.00 | $841.00 | 9.625% | $850.00 | $1052.00 | $850.00 | $850.00 | $850.00 | $850.00 | $850.00 | 9.750% | $859.00 | $1059.00 | $859.00 | $859.00 | $859.00 | $859.00 | $859.00 | 9.875% | $868.00 | $1067.00 | $868.00 | $868.00 | $868.00 | $868.00 | $868.00 | 10.000% | $878.00 | $1075.00 | $878.00 | $878.00 | $878.00 | $878.00 | $878.00 |
Disclaimer: The above payment chart is an approximation of the payments. The intent of the chart is to clearly explain a concept with different interest rates; payment amounts may vary for which you may qualify. |
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