Bob Forrest Loans And Investments

MORTGAGE CALCULATOR CHART

This table will help you see the price of a home you can afford. An old rule of thumb is that you can comfortably spend a third of your gross monthly income for your mortgage payment. (Lenders usually allow more.) This payment is listed in the lefthand column. Across the top are possible interest rates, so you can see the home you can afford at various interest rates. These are figures for principal-and-interest payments on a 30 year mortgage. (For higher monthly payments: For example, $3000 payments, double the home value of a $1500 payment.)

Monthly Payment	6.00%	6.50%	7.00%	7.50%	8.00%	8.50%	9.00%	9.50%	10.00%	10.50%	11.00%
$300	50,040	47,460	45,092	42,905	40,885	39,016	37,285	35,678	34,185	32,796	31,502
$350	58,380	55,370	52,608	50,056	47,699	45,519	43,499	41,624	39,883	38,262	36,752
$400	66,720	63,280	60,123	57,207	54,513	52,022	49,713	47,571	45,580	43,728	42,003
$450	75,050	71,190	67,638	64,358	61,328	58,524	55,927	53,517	51,278	49,194	47,253
$500	83,400	79,100	75,154	71,509	68,142	65,027	62,141	59,463	56,975	54,660	52,503
$550	91,730	87,010	82,669	78,660	74,956	71,529	68,355	65,410	62,673	60,126	57,753
$600	100,075	94,925	90,185	85,811	81,770	78,032	74,569	71,356	68,370	65,592	63,004
$650	108,415	102,840	97,700	92,961	88,584	84,535	80,783	77,302	74,068	71,059	68,254
$700	116,755	110,850	105,215	100,112	95,398	91,038	86,997	83,249	79,766	76,525	73,504
Monthly Payment	6.00%	6.50%	7.00%	7.50%	8.00%	8.50%	9.00%	9.50%	10.00%	10.50%	11.00%
$750	125,095	118,660	112,731	107,263	102,213	97,540	93,211	89,195	85,463	81,991	78,755
$800	133,435	126,570	120,246	114,414	109,027	104,043	99,425	95,141	91,161	87,457	84,005
$850	141,770	134,480	127,761	121,565	115,841	110,546	105,546	101,088	96,858	92,923	89,255
$900	150,110	142,390	135,277	128,716	122,655	117,048	111,854	107,034	102,556	98,389	94,506
$950	158,450	150,300	142,792	135,867	129,469	123,551	118,068	112,980	108,253	103,854	99,756
$1,000	166,790	158,210	150,308	143,018	136,283	130,054	124,282	118,927	113,951	109,321	105,006
$1,100	183,470	174,030	165,338	157,320	149,912	143,058	136,710	130,820	125,346	120,252	115,506
$1,200	200,150	189,850	180,369	171,621	163,540	156,064	149,138	142,712	136,741	131,185	126,007
$1,300	216,830	205,670	195,400	185,923	177,168	169,070	161,567	154,605	148,136	142,117	136,508
Monthly Payment	6.00%	6.50%	7.00%	7.50%	8.00%	8.50%	9.00%	9.50%	10.00%	10.50%	11.00%
$1,400	233,510	221,490	210,431	200,225	190,796	182,076	173,995	166,498	159,531	153,049	147,009
$1,500	250,190	237,310	225,462	214,527	204,425	195,081	186,423	178,390	170,926	163,981	157,509
$1,600	266,870	253,140	240,493	228,829	218,053	208,086	198,851	190,283	182,321	174,913	168,010
$1,700	283,550	268,960	255,523	243,130	231,681	221,092	211,279	202,176	193,717	185,846	178,510
$1,800	300,225	284,780	270,554	257,432	245,310	234,097	223,707	214,068	205,112	196,778	189,011
$1,900	316,905	300,600	285,585	271,734	258,938	247,102	236,136	225,961	216,507	207,710	199,512
$2,000	333,585	316,420	300,616	286,036	272,566	260,108	248,564	237,854	227,902	218,642	210,012