Eason Financial Services

Author
Date
Purpose

Tarun Gupta
9/20/2013
To calculate several possible mortgages
for a given monthly payment

Home Loan Calculations

Maximum Affordable Monthly
Payment

Mortgage

$1,800
5.75%
12 times per year

Annual Interest Rate

Compounded

$250,000
$260,000
$270,000
$280,000
$290,000
$300,000
$310,000
$320,000
$330,000
$340,000
$350,000

Eason Financial Services

100 Forward Drive
Meridian, ID 83642

15
2,076.03
2,159.07
2,242.11
2,325.15
2,408.19
2,491.23
2,574.27
2,657.31
2,740.35
2,823.39
2,906.44

20
1,755.21
1,825.42
1,895.63
1,965.83
2,036.04
2,106.25
2,176.46
2,246.67
2,316.88
2,387.08
2,457.29

Years
25
1,572.77
1,635.68
1,698.59
1,761.50
1,824.41
1,887.32
1,950.23
2,013.14
2,076.05
2,138.96
2,201.87

30
1,458.93
1,517.29
1,575.65
1,634.00
1,692.36
1,750.72
1,809.08
1,867.43
1,925.79
1,984.15
2,042.50

35
1,383.75
1,439.10
1,494.45
1,549.80
1,605.15
1,660.50
1,715.85
1,771.20
1,826.55
1,881.90
1,937.25