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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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