mortgage rate estimates

Here are some rough estimates for the monthly cost of a 30 year mortgage per $100,000 borrowed NOT INCLUDING TAXES and INSURANCE with different Annual Percentage Rates.  Contact your mortgage specialist for the actual numbers!

THIS is based on $100,000 loan.  To estimate your principal and interest payment divide your loan by 100,000 then multiply that number by the corresponding factor next to your expected interest rate....

Example...you are borrowing 220,000 after your down payment at a 7.5 APR...$220,000/100,000 = 2.2

2.2 X 699.21 = $1538.26 per month 

• 6%  $599.55 per $100K borrowed @ 30 years
• 7%  $665.30 per $100K borrowed @ 30 years
• 7.5% $699.21 per $100K borrowed @ 30 years
• 8.0% $733.76 per $100K borrowed @ 30 years
• 8.25% $751.27 per $100K borrowed @ 30 years
• 8.5%  $768.91 per $100K borrowed @ 30 years