|
|
|
|
This table for calculating loan
payments is a good starting point for business owners contemplating a
move.
This would be your payment if you were to make equal monthly payments to amortize a loan of $1000.00*:
| Term: | 5 Years | 10 Years | 15 Years | 20 Years | 25 Years | 30 Years |
| Rate: | ||||||
| 6% | 19.34 | 11.11 | 8.44 | 7.16 | 6.44 | 6.0 |
| 6.25% | 19.45 | 11.23 | 8.57 | 7.31 | 6.6 | 6.14 |
| 6.5% | 19.57 | 11.36 | 8.71 | 7.46 | 6.75 | 6.32 |
| 6.75% | 19.69 | 11.49 | 8.85 | 7.6 | 6.91 | 6.49 |
| 7% | 19.81 | 11.62 | 8.99 | 7.75 | 7.07 | 6.65 |
| 7.25% | 19.92 | 11.74 | 9.13 | 7.9 | 7.23 | 6.82 |
| 7.5% | 20.04 | 11.87 | 9.27 | 8.06 | 7.39 | 6.99 |
| 7.75% | 20.16 | 12.0 | 9.41 | 8.21 | 7.55 | 7.16 |
| 8% | 20.28 | 12.13 | 9.56 | 8.36 | 7.72 | 7.34 |
| 8.25% | 20.4 | 12.27 | 9.7 | 8.52 | 7.88 | 7.51 |
| 8.5% | 20.52 | 12.4 | 9.85 | 8.68 | 8.05 | 7.69 |
| 8.75% | 20.64 | 12.53 | 9.99 | 8.84 | 8.22 | 7.87 |
| 9% | 20.76 | 12.67 | 10.14 | 9.0 | 8.39 | 8.05 |
| 9.5% | 21.01 | 12.94 | 10.44 | 9.32 | 8.74 | 8.41 |
| 10% | 21.25 | 13.22 | 10.75 | 9.65 | 9.09 | 8.78 |
| 10.5% | 21.49 | 13.49 | 11.05 | 9.98 | 9.44 | 9.15 |
©2003 The Polivka Group, LLC • Counselors in Real
Estate (708)485-0616.
*These tips are provided as a courtesy to our clients and are for
informational purposes only.
Sample Loan Payment Schedule. Author: Andy Polivka