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Determine Your
Monthly Mortgage Payment

EHO

Save Thousands of Dollars on Interest Charges...

The information contained on this page could easily help you save thousands of dollars while you are evaluating the various possibilities of a mortgage loan. Today, the majority of individuals finance a new home with a 30 year loan. If you will simply reduce the number of years, you can substantially reduce the total amount of interest that you will pay during the entire loan period (see the following example).

$100,000 Mortgage Loan @ 7.0% Interest
Years
 
Monthly
Payment
Interest
Paid
Percent
of  Int
Interest
Saved
30 $   665.30 $139,508.00 139.5%  
25 $   706.78 $112,034.00 112.0% $  27,474.00
20 $   775.30 $  86,072.00   86.1% $  53,436.00
15 $   898.83 $  61,789.40   61.8% $  77,718.60
10 $1,161.08 $  39,329.60   39.3% $100,178.40

In the above example, you can realize a substantial savings of $53,436.00 by simply paying the loan off in 20 years instead of 30 years. It's hard to believe, that there is only a difference in the monthly payment of $110.00 ($775.30 - $665.30). Click Here to display a graph that demonstrates just how the principal of a loan is effected during a 30 year mortgage.

You will be able to quickly determine the monthly payments for 10, 15, 20 and 30 year mortgage loans with our mortgage calculator. Simply enter the loan amount, the interest rate and the length of the loan. You will also be able to display and print a loan amortization for each of your calculations.

Mortgage Loan Calculator


Monthly Mortgage Payments
At a Glance

The following chart is being provided to help you get an overall picture of what your monthly mortgage payments would be. You'll find the loan amounts listed down the left side of the chart and the interest percentages are listed across the top. There are two different payments located in each section. The amount at the top shows the monthly payment for a 30 year loan and the bottom amount shows the monthly payment for a 15 year loan. These amounts include principal and interest only.

Property taxes and home-owner's insurance premiums are usually paid annually by the lender directly from your escrow account. If your home is located in a flood zone, you will also be required, by federal law, that you purchase flood insurance. If your loan-to-value (LTV) is more than 80%, private mortgage insurance (PMI) "may" also be required. You will need to determine the average monthly cost for all of these items and then add that estimate to the basic principal and interest amounts that are listed below to determine your total estimated monthly mortgage payment.

Mortgage Payment Guide

Amount 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0%
$20,000 120
169
126
175
133
180
140
185
147
191
154
197
161
203
168
209
176
215
183
221
190
227
198
234
206
240
$30,000 180
254
190
261
200
270
210
278
220
287
231
295
241
304
252
313
263
322
274
332
286
341
297
350
309
360
$40,000 240
338
253
348
266
360
280
371
294
382
308
394
322
406
336
418
351
430
366
442
381
455
396
467
411
480
$50,000 300
422
316
436
333
442
350
464
367
478
384
492
402
507
420
522
439
537
457
553
476
568
495
584
514
600
$60,000 360
507
379
523
399
539
420
556
440
573
461
591
483
609
505
627
527
645
549
663
571
682
594
701
617
720
$70,000 420
591
442
610
466
629
489
649
514
669
538
689
563
710
589
731
614
752
640
774
667
796
693
818
720
840
$80,000 480
675
506
697
532
719
559
742
587
765
615
788
644
811
673
835
702
860
732
884
762
909
792
935
823
960
$90,000 540
760
569
784
599
809
629
834
660
860
692
886
724
913
757
940
790
967
823
995
857
1,023
892
1,051
926
1,080
$100,000 600
844
632
871
665
899
699
927
734
956
769
985
805
1014
841
1,044
878
1,075
915
1,105
952
1,137
990
1,168
1,029
1,200
$125,000 749
1,055
790
1,089
832
1,124
874
1,159
917
1,195
961
1,231
1,006
1,268
1,051
1,305
1,097
1,343
1,143
1,382
1,190
1,421
1,238
1,460
1,286
1,500
$150,000 899
1,266
948
1,307
998
1,348
1,049
1,391
1,101
1,433
1,153
1,477
1,207
1,521
1,261
1,566
1,316
1,612
1,372
1,658
1,429
1,705
1,485
1,752
1,543
1,800
$175,000 1,049
1,477
1,106
1,524
1,164
1,573
1,224
1,622
1,284
1,672
1,346
1,723
1,408
1,775
1,472
1,827
1,536
1,881
1,601
1,934
1,667
1,989
1,733
2,044
1,800
2,100
$200,000 1,199
1,688
1,264
1,742
1,331
1,797
1,399
1,854
1,468
1,911
1,538
1,969
1,609
2,028
1,682
2,088
1,755
2,149
1,829
2,210
1,905
2,273
1,980
2,336
2,057
2,400
$225,000 1,349
1,899
1,422
1,960
1,497
2,022
1,573
2,086
1,651
2,150
1,730
2,215
1,810
2,282
1,892
2,349
1,975
2,417
2,058
2,487
2,143
2,557
2,228
2,628
2,314
2,700
$250,000 1,499
2,109
1,580
2,178
1,663
2,247
1,748
2,317
1,835
2,389
1,922
2,462
2,012
2,535
2,102
2,610
2,194
2,686
2,287
2,763
2,381
2,841
2,476
2,920
2,571
3,000
Amount 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0%

Print Mortgage Payment Guide


Louisiana Home Loans and Mortgage Services
Home Purchases  |   Refinancing Loans  |   Debt Consolidation  |   Home Equity Loans  |   2nd Mortgages  |   Home Improvements
Apply Now  |  Mortgage Calculator  |   The Learning Center  |   Your Valued Opinion  |   Contact Us
Site Map  |   Realtor's List  |   Commercial Loans  |   Builder's List  |   Q's & A's
Homes for Sale by Owner  |   Free Home Locator Service


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