Example Monthly Interest and Principal Payments

Use the table below to estimate your monthly interest and principal payment. Also, see the House Hunting Checklist to print and take along with you and a worksheet to help you Estimate the Maximum Loan you will qualify for ... just a few tools to make your experience of finding and buying a home a little easier.

Monthly Interest and Principal per $1000

Example: For a 15 year loan at 7% interest, the monthly principal and interest on $100,000 would be 100 X 8.99 = $899.00.

PERCENT INTEREST

YEARS 5% 6% 7% 8% 9% 10% 11% 12% 15%
1 85.61 86.08 86.54 86.99 87.45 87.92 88.39 88.85 90.26
2 43.88 44.33 44.73 45.23 45.69 46.15 46.61 47.03 48.49
3 29.98 30.43 30.88 31.34 31.80 32.27 32.74 33.22 34.67
4 23.03 23.49 23.95 24.41 24.89 25.36 25.85 26.34 27.83
5 18.88 19.34 19.80 20.28 20.76 21.25 21.74 22.25 23.79
10 10.61 11.10 11.61 12.13 12.67 13.22 13.78 14.35 16.13
15 7.91 8.44 8.99 9.56 10.14 10.75 11.37 12.00 14.00
20 6.60 7.16 7.75 8.36 9.00 9.65 10.32 11.01 13.17
25 5.85 6.44 7.07 7.72 8.39 9.09 9.80 10.53 12.81
30 5.37 6.00 6.65 7.34 8.05 8.78 9.52 10.29 12.64