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    Amortization Table Per Thousand


    Given a specific interest rate (e.g., 6.5%), maturity period of note (e.g., 15 years), monthly loan amounts consisting of principal and interest may be calculated using the amortization table provided below.  

    Since the entries within the table correspond to each $1,000 financed, it is necessary to multiple the located figure by the amount of the loan divided by $1,000.

    Example:
    How much are the monthly payments for a loan of $400,000 financed at 6% interest for 30 years?  (Assuming loan payment consists of principal and interest only)

    Solution:
    According to the amortization table, $1,000 financed at 6% interest for 30 years results in a monthly payment of $6.00.  Multiplying this factor of $6.00 by 400 (= $400,000/$1,000) results in a monthly principal and interest payment of $2,400.00.

    Interest
    Rate

     

    5 Years

     

    10 Years

     

    15 Years

     

    20 Years

     

    25 Years

     

    30 Years

    5.000%

     

    $18.88

     

    $10.61

     

    $7.91

     

    $6.60

     

    $5.85

     

    $5.37

    5.500%

     

    $19.11

     

    $10.86

     

    $8.18

     

    $6.88

     

    $6.15

     

    $5.68

    6.000%

     

    $19.34

     

    $11.11

     

    $8.44

     

    $7.17

     

    $6.45

     

    $6.00

    6.500%

     

    $19.57

     

    $11.36

     

    $8.72

     

    $7.46

     

    $6.76

     

    $6.32

    7.000%

     

    $19.81

     

    $11.62

     

    $8.99

     

    $7.76

     

    $7.07

     

    $6.66

    7.500%

     

    $20.04

     

    $11.88

     

    $9.28

     

    $8.06

     

    $7.39

     

    $7.00

    8.000%

     

    $20.28

     

    $12.14

     

    $9.56

     

    $8.37

     

    $7.72

     

    $7.34

    8.500%

     

    $20.52

     

    $12.40

     

    $9.85

     

    $8.68

     

    $8.06

     

    $7.69

    9.000%

     

    $20.76

     

    $12.67

     

    $10.15

     

    $9.00

     

    $8.40

     

    $8.05

    9.500%

     

    $21.01

     

    $12.94

     

    $10.45

     

    $9.33

     

    $8.74

     

    $8.41

    10.000%

     

    $21.25

     

    $13.22

     

    $10.75

     

    $9.66

     

    $9.09

     

    $8.78

    10.500%

     

    $21.50

     

    $13.50

     

    $11.06

     

    $9.99

     

    $9.45

     

    $9.15

    11.000%

     

    $21.75

     

    $13.78

     

    $11.37

     

    $10.33

     

    $9.81

     

    $9.53

    11.500%

     

    $22.00

     

    $14.06

     

    $11.69

     

    $10.67

     

    $10.17

     

    $9.91

    12.000%

     

    $22.25

     

    $14.35

     

    $12.01

     

    $11.02

     

    $10.54

     

    $10.29


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