Mortgage Calculator Table for
Mortgage Rates Comparison

The following mortgage rates table reveals the difference in yearly Principle and Interest payment and Total Loan Term Interest Paid for a 30 year fixed rate mortgage, using a $100,000 loan amount, compared against an initial 8% mortgage rate. This mortgage calculator table is helpful for calculating the benefit of paying higher closing costs (discount points) for lower mortgage rates or lower closing costs (lender discount) for higher mortgage rates.

For example: If you pay an additional $2,000 in closing costs to get a lower mortgage rate that saves you $500 per year in payment, you will benefit after the 4th year ($2,000 divided by $500 = 4.0 years. Closing costs paid for).

If you reduce closing costs by $2000 to get a higher interest rate that costs you an additional $500 in payment per year, you will benefit until the end of year 4. ($2,000 divided by $500 = 4.0 years. Closing cost savings exhausted).

The key is the amount of time you plan to be in your new mortgage and how much additional, or (less) you will pay in closing costs. Use the mortgage calculator table to compare any mortgage rates quotes for 30 year fixed rate mortgages.

Amounts in GREEN reflect a Savings and amounts in RED reflect Additional Payment.

Loan Amt	30 Yr Fixed Rate	Monthly Payment	30 Yr Interest Paid	Yearly Payment Change	30 Yr Paid Interest Change
100k	4.50%	$507	$82,405	2,724	81,755
100k	4.75%	$522	$87,792	2,544	76,368
100k	5.00%	$537	$93,256	2,366	70,904
100k	5.25%	$552	$98,795	2,184	65,365
100k	5.50%	$568	$104,403	1,992	59,757
100k	5.75%	$584	$110,088	1,800	54,072
100k	6.00%	$600	$115,838	1,608	48,322
100k	6.25%	$616	$121,656	1,416	42,504
100k	6.50%	$632	$127,543	1,224	36,617
100k	6.75%	$649	$133,494	1,020	30,666
100k	7.00%	$665	$139,511	828	24,649
100k	7.25%	$682	$145,580	624	18,580
100k	7.50%	$699	$151,722	420	12,438
100k	7.75%	$716	$157,911	216	6,249
100k	8.00%	$734	$164,160