How to Estimate Your Mortgage Loan Payment

To estimate the monthly principal and interest payment on your loan, first find your interest rate in the chart to the right and choose a loan term. The interest rate factor chart can give you the factor that lenders use in computing your payment. (With variable rate loans, this chart can be used to estimate monthly payments until the first adjustment interval.)

INTEREST RATE FACTOR CHART
Interest Rate 15 Year Loan Term 30 Year Loan Term
3% 6.91 4.22
3.25% 7.03 4.35
3.5% 7.15 4.49
3.725% 7.27 4.63
4% 7.40 4.77
4.25% 7.52 4.92
4.5% 7.65 5.07
4.75% 7.78 5.22
5% 7.91 5.37
5.25% 8.04 5.52
5.5% 8.17 5.68
5.75% 8.30 5.84
6% 8.44 6
6.25% 8.57 6.16
6.5% 8.71 6.32
6.75% 8.85 6.49
7% 8.99 6.65
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