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APPENDIX: Monthly Payment Schedules

The following schedule shows monthly payments per thousand dollars financed. To calculate your monthly payment:

1. Find your interest rate in the first column.

2. Move across to the appropriate column for your term.

3. Multiply that number by the number of thousand dollars financed.

EXAMPLE

If you are borrowing $150,000 at 6.50 percent interest for a 30- year term:

$6.32 × 150 (thousands) — $948.00 principal and interest payment

Thus, your monthly payment for both principal and interest is $948.

Rate

40 years

30 years

25 years

20 years

15 years

10 years

2.500

$3.30

$3.95

$4.49

$5.30

$6.67

$ 9.43

2.625

$3.37

$4.02

$4.55

$5.36

$6.73

$ 9.48

2.750

$3.44

$4.08

$4.61

$5.42

$6.79

$ 9.54

2.875

$3.51

$4.15

$4.68

$5.48

$6.85

$ 9.60

3.000

$3.58

$4.22

$4.74

$5.55

$6.91

$ 9.66

3.125

$3.65

$4.28

$4.81

$5.61

$6.97

$ 9.71

3.250

$3.73

$4.35

$4.87

$5.67

$7.03

$ 9.77

3.375

$3.80

$4.42

$4.94

$5.74

$7.09

$ 9.83

3.500

$3.87

$4.49

$5.01

$5.80

$7.15

$ 9.89

3.625

$3.95

$4.56

$5.07

$5.86

$7.21

$ 9.95

3.750

$4.03

$4.63

$5.14

$5.93

$7.27

$10.01

3.875

$4.10

$4.70

$5.21

$5.99

$7.33

$10.07

4.000

$4.18

$4.77

$5.28

$6.06

$7.40

$10.12

4.125

$4.26

$4.85

$5.35

$6.13

$7.46

$10.18

4.250

$4.34

$4.92

$5.42

$6.19

$7.52

$10.24

4.375

$4.42

$4.99

$5.49

$6.26

$7.59

$10.30

4.500

$4.50

$5.07

$5.56

$6.33

$7.65

$10.36

4.625

$4.58

$5.14

$5.63

$6.39

$7.71

$10.42

4.750

$4.66

$5.22

$5.70

$6.46

$7.78

$10.48

4.875

$4.74

$5.29

$5.77

$6.53

$7.84

$10.55

5.000

$4.82

$5.37

$5.85

$6.60

$7.91

$10.61

5.125

$4.91

$5.44

$5.92

$6.67

$7.97

$10.67

5.250

$4.99

$5.52

$5.99

$6.74

$8.04

$10.73

5.375

$5.07

$5.60

$6.07

$6.81

$8.10

$10.79

5.500

$5.16

$5.68

$6.14

$6.88

$8.17

$10.85

5.625

$5.24

$5.76

$6.22

$6.95

$8.24

$10.91

5.750

$5.33

$5.84

$6.29

$7.02

$ 8.30

$10.98

5.875

$5.42

$5.92

$6.37

$7.09

$ 8.37

$11.04

6.000

$5.50

$6.00

$6.44

$7.16

$ 8.44

$11.10

6.125

$5.59

$6.08

$6.52

$7.24

$ 8.51

$11.16

6.250

$5.68

$6.16

$6.60

$7.31

$ 8.57

$11.23

6.375

$5.77

$6.24

$6.67

$7.38

$ 8.64

$11.29

6.500

$5.85

$6.32

$6.75

$7.46

$ 8.71

$11.35

6.625

$5.94

$6.40

$6.83

$7.53

$ 8.78

$11.42

6.750

$6.03

$6.49

$6.91

$7.60

$ 8.85

$11.48

6.875

$6.12

$6.57

$6.99

$7.68

$ 8.92

$11.55

7.000

$6.21

$6.65

$7.07

$7.75

$ 8.99

$11.61

7.125

$6.31

$6.74

$7.15

$7.83

$ 9.06

$11.68

7.250

$6.40

$6.82

$7.23

$7.90

$ 9.13

$11.74

7.375

$6.49

$6.91

$7.31

$7.98

$ 9.20

$11.81

7.500

$6.58

$6.99

$7.39

$8.06

$ 9.27

$11.87

7.625

$6.67

$7.08

$7.47

$8.13

$ 9.34

$11.94

7.750

$6.77

$7.16

$7.55

$8.21

$ 9.41

$12.00

7.875

$6.86

$7.25

$7.64

$8.29

$ 9.48

$12.07

8.000

$6.95

$7.34

$7.72

$8.36

$ 9.56

$12.13

8.125

$7.05

$7.42

$7.80

$8.44

$ 9.63

$12.20

8.250

$7.14

$7.51

$7.88

$8.52

$ 9.70

$12.27

8.375

$7.24

$7.60

$7.97

$8.60

$ 9.77

$12.33

8.500

$7.33

$7.69

$8.05

$8.68

$ 9.85

$12.40

8.625

$7.43

$7.78

$8.14

$8.76

$ 9.92

$12.47

8.750

$7.52

$7.87

$8.22

$8.84

$ 9.99

$12.53

8.875

$7.62

$7.96

$8.31

$8.92

$10.07

$12.60

9.000

$7.71

$8.05

$8.39

$9.00

$10.14

$12.67

9.125

$7.81

$8.14

$8.48

$9.08

$10.22

$12.74

9.250

$7.91

$8.23

$8.56

$9.16

$10.29

$12.80

9.375

$ 8.00

$ 8.32

$ 8.65

$ 9.24

$10.37

$12.87

9.500

$ 8.10

$ 8.41

$ 8.74

$ 9.32

$10.44

$12.94

9.625

$ 8.20

$ 8.50

$ 8.82

$ 9.40

$10.52

$13.01

9.750

$ 8.30

$ 8.59

$ 8.91

$ 9.49

$10.59

$13.08

9.875

$ 8.39

$ 8.68

$ 9.00

$ 9.57

$10.67

$13.15

10.000

$ 8.49

$ 8.78

$ 9.09

$ 9.65

$10.75

$13.22

10.125

$ 8.59

$ 8.87

$ 9.18

$ 9.73

$10.82

$13.28

10.250

$ 8.69

$ 8.96

$ 9.26

$ 9.82

$10.90

$13.35

10.375

$ 8.79

$ 9.05

$ 9.35

$ 9.90

$10.98

$13.42

10.500

$ 8.89

$ 9.15

$ 9.44

$ 9.98

$11.05

$13.49

10.625

$ 8.98

$ 9.24

$ 9.53

$10.07

$11.13

$13.56

10.750

$ 9.08

$ 9.33

$ 9.62

$10.15

$11.21

$13.63

10.875

$ 9.18

$ 9.43

$ 9.71

$10.24

$11.29

$13.70

11.000

$ 9.28

$ 9.52

$ 9.80

$10.32

$11.37

$13.78

11.125

$ 9.38

$ 9.62

$ 9.89

$10.41

$11.44

$13.85

11.250

$ 9.48

$ 9.71

$ 9.98

$10.49

$11.52

$13.92

11.375

$ 9.58

$ 9.81

$10.07

$10.58

$11.60

$13.99

11.500

$ 9.68

$ 9.90

$10.16

$10.66

$11.68

$14.06

11.625

$ 9.78

$10.00

$10.26

$10.75

$11.76

$14.13

11.750

$ 9.88

$10.09

$10.35

$10.84

$11.84

$14.20

11.875

$ 9.98

$10.19

$10.44

$10.92

$11.92

$14.27

12.000

$10.08

$10.29

$10.53

$11.01

$12.00

$14.35

12.125

$10.19

$10.38

$10.62

$11.10

$12.08

$14.42

12.250

$10.29

$10.48

$10.72

$11.19

$12.16

$14.49

12.375

$10.39

$10.58

$10.81

$11.27

$12.24

$14.56

12.500

$10.49

$10.67

$10.90

$11.36

$12.33

$14.64

12.625

$10.59

$10.77

$11.00

$11.45

$12.41

$14.71

12.750

$10.69

$10.87

$11.09

$11.54

$12.49

$14.78

12.875

$10.79

$10.96

$11.18

$11.63

$12.57

$14.86

13.000

$10.90

$11.06

$11.28

$11.72

$12.65

$14.93

13.125

$11.00

$11.16

$11.37

$11.80

$12.73

$15.00

13.250

$11.10

$11.26

$11.47

$11.89

$12.82

$15.08

13.375

$11.20

$11.36

$11.56

$11.98

$12.90

$15.15

13.500

$11.30

$11.45

$11.66

$12.07

$12.98

$15.23

13.625

$11.40

$11.55

$11.75

$12.16

$13.07

$15.30

13.750

$11.51

$11.65

$11.85

$12.25

$13.15

$15.38

13.875

$11.61

$11.75

$11.94

$12.34

$13.23

$15.45

14.000

$11.71

$11.85

$12.04

$12.44

$13.32

$15.53

14.125

$11.81

$11.95

$12.13

$12.53

$13.40

$15.60

14.250

$11.92

$12.05

$12.23

$12.62

$13.49

$15.68

14.375

$12.02

$12.15

$12.33

$12.71

$13.57

$15.75

14.500

$12.12

$12.25

$12.42

$12.80

$13.66

$15.83

14.625

$12.22

$12.35

$12.52

$12.89

$13.74

$15.90

14.750

$12.33

$12.44

$12.61

$12.98

$13.83

$15.9

14.875

$12.43

$12.54

$12.71

$13.08

$13.91

$16.06

15.000

$12.53

$12.64

$12.81

$13.17

$14.00

$16.13

15.125

$12.64

$12.74

$12.91

$13.26

$14.08

$16.21

15.250

$12.74

$12.84

$13.00

$13.35

$14.17

$16.29

15.375

$12.84

$12.94

$13.10

$13.45

$14.25

$16.36

15.500

$12.94

$13.05

$13.20

$13.54

$14.34

$16.44

15.625

$13.05

$13.15

$13.30

$13.63

$14.43

$16.52

15.750

$13.15

$13.25

$13.39

$13.73

$14.51

$16.60

15.875

$13.25

$13.35

$13.49

$13.82

$14.60

$16.67

16.000

$13.36

$13.45

$13.59

$13.91

$14.69

$16.75

16.125

$13.46

$13.55

$13.69

$14.01

$14.77

$16.83

16.250

$13.56

$13.65

$13.79

$14.10

$14.86

$16.91

16.375

$13.67

$13.75

$13.88

$14.19

$14.95

$16.99

16.500

$13.77

$13.85

$13.98

$14.29

$15.04

$17.06

16.625

$13.87

$13.95

$14.08

$14.38

$15.13

$17.14

16.750

$13.98

$14.05

$14.18

$14.48

$15.21

$17.22

16.875

$14.08

$14.16

$14.28

$14.57

$15.30

$17.30

17.000

$14.18

$14.26

$14.38

$14.67

$15.39

$17.38

17.125

$14.29

$14.36

$14.48

$14.76

$15.48

$17.46

17.250

$14.39

$14.46

$14.58

$14.86

$15.57

$17.54

17.375

$14.49

$14.56

$14.68

$14.95

$15.66

$17.62

17.500

$14.60

$14.66

$14.78

$15.05

$15.75

$17.70

17.625

$14.70

$14.77

$14.87

$15.15

$15.84

$17.78

17.750

$14.80

$14.87

$14.97

$15.24

$15.92

$17.86

17.875

$14.91

$14.97

$15.07

$15.34

$16.01

$17.94

18.000

$15.01

$15.07

$15.17

$15.43

$16.10

$18.02

 
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