Computing Monthly Payments

To compute the monthly principal and interest payment on a 30 year loan, multiply the loan amount by the factor.  Example:  $175,000 @ 8¾% is $1,377.25 (175 x 7.87).  Add the monthly taxes and insurance to get your monthly house payment.

6% - 6 7/8% % factor % factor 6 6.00 6 ½ 6.32 6 1/8 6.08 6 5/8 6.40 6 ¼ 6.16 6 ¾ 6.49 6 3/8 6.24 6 7/8 6.57 7% - 7 7/8% % factor % factor 7 6.65 7 ½ 6.99 7 1/8 6.74 7 5/8 7.08 7 ¼ 6.82 7 ¾ 7.16 7 3/8 6.91 7 7/8 7.25

8% - 8 7/8% % factor % factor 8 7.34 8 ½ 7.69 8 1/8 7.43 8 5/8 7.78 8 ¼ 7.51 8 ¾ 7.87 8 3/8 7.60 8 7/8 7.96 9% - 9 7/8% % factor % factor 9 8.05 9 ½ 8.41 9 1/8 8.14 9 5/8 8.50 9 ¼ 8.23 9 ¾ 8.59 9 3/8 8.32 9 7/8 8.68

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