| Monograph:Mortgages |
Contents |
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| Appendix 1: Monthly Mortgage Repayment Table |
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| Interest rates fluctuate. The table below is intended for reference only and is based on a straight-line mortgage repayment plan. Calculations are based on interest rates and repayment terms for every $100,000 borrowed. |
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 |
5 years |
10 years |
12 years |
15 years |
20 years |
25 years |
| 2.00 |
1752.8 |
920.1 |
781.7 |
643.5 |
505.9 |
423.8 |
| 2.25 |
1763.7 |
931.4 |
793.1 |
655.1 |
517.8 |
436.1 |
| 2.50 |
1774.7 |
942.7 |
804.5 |
666.8 |
529.9 |
448.6 |
| 2.75 |
1785.8 |
954.1 |
816.1 |
678.6 |
542.2 |
461.3 |
| 3.00 |
1796.9 |
965.6 |
827.8 |
690.6 |
554.6 |
474.2 |
| 3.25 |
1808.0 |
977.2 |
839.6 |
702.7 |
567.2 |
487.3 |
| 3.50 |
1819.2 |
988.9 |
851.5 |
714.9 |
580.0 |
500.6 |
| 3.75 |
1830.4 |
1000.6 |
863.4 |
727.2 |
592.9 |
514.1 |
| 4.00 |
1841.7 |
1012.5 |
875.5 |
739.7 |
606.0 |
527.8 |
| 4.25 |
1853.0 |
1024.4 |
887.7 |
752.3 |
619.2 |
541.7 |
| 4.50 |
1864.3 |
1036.4 |
900.0 |
765.0 |
632.7 |
555.8 |
| 4.75 |
1875.7 |
1048.5 |
912.4 |
777.8 |
646.2 |
570.1 |
| 5.00 |
1887.1 |
1060.7 |
924.9 |
790.8 |
660.0 |
584.6 |
| 5.25 |
1898.6 |
1072.9 |
937.5 |
803.9 |
673.8 |
599.2 |
| 5.50 |
1910.1 |
1085.3 |
950.2 |
817.1 |
687.9 |
614.1 |
| 5.75 |
1921.7 |
1097.7 |
963.0 |
830.4 |
702.1 |
629.1 |
| 6.00 |
1933.3 |
1110.2 |
975.9 |
843.9 |
716.4 |
644.3 |
| 6.25 |
1944.9 |
1122.8 |
988.8 |
857.4 |
730.9 |
659.7 |
| 6.50 |
1956.6 |
1135.5 |
1001.9 |
871.1 |
745.6 |
675.2 |
| 6.75 |
1968.3 |
1148.2 |
1015.1 |
884.9 |
760.4 |
690.9 |
| 7.00 |
1980.1 |
1161.1 |
1028.4 |
898.8 |
775.3 |
706.8 |
| 7.25 |
1991.9 |
1174.0 |
1041.8 |
912.9 |
790.4 |
722.8 |
| 7.50 |
2003.7 |
1187.0 |
1055.2 |
927.0 |
805.6 |
739.0 |
| 7.75 |
2015.7 |
1200.1 |
1068.8 |
941.3 |
820.9 |
755.3 |
| 8.00 |
2027.6 |
1213.3 |
1082.5 |
955.7 |
836.4 |
771.8 |
| 8.25 |
2039.6 |
1226.5 |
1096.2 |
970.1 |
852.1 |
788.5 |
| 8.50 |
2051.7 |
1239.9 |
1110.1 |
984.7 |
867.8 |
805.2 |
| 8.75 |
2063.7 |
1253.3 |
1124.0 |
999.4 |
883.7 |
822.1 |
| 9.00 |
2075.8 |
1266.8 |
1138.0 |
1014.3 |
899.7 |
839.2 |
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How to calculate monthly mortgage repayments:
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1. |
Look across the columns for the correct repayment term |
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2. |
Look down the rows for the correct interest rate |
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3. |
Find the corresponding figure inside the table |
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4. |
Divide the mortgage loan amount by $100,000 |
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5. |
Multiply the amount obtained in Step 4 by the figure obtained in Step 3 to obtain the monthly mortgage repayment amount |
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