Wichita Home

All About Wichita and Wichita Real Estate

PRINCIPAL & INTEREST

How Much Do I Pay?

I get lots of questions related to how much more am I going to be paying monthly during negotiations.

For instance if John is in a bidding war with Suzi over a house both parties want to know how much their payments will go up according to the offers they make.

The table below can be used to calculate your approximate monthly mortgage payment (The principal plus the interest charges). These amounts are based on a 25-year amortization schedule for a fixed term mortgage. Each dollar value is the approximate monthly mortgage payment for each $1,000 of your mortgage loan.
25-Year Amortization Interest Rate
$5.26 — 4.00%
$5.40 — 4.25%
$5.53 — 4.50%
$5.67 — 4.75%
$5.82 — 5.00%
$5.96 — 5.25%
$6.10 — 5.50%
$6.25 — 5.75%
$6.40 — 6.00%
$6.55 — 6.25%
$6.70 — 6.50%
$6.85 — 6.75%
$7.00 — 7.00%

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October 29, 2010 - Posted by | Uncategorized

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