Variable Rate Went Up .25% - What will happen to your payment?
*** #'s are based on 2.2% going to 2.45%
.25% Increase with a 30 Year Amortization Mortgage
$100,000 + $12/month $250,000 + $30/month $500,000 + $60/month $750,000 + $90/month $1,000,000 + $120/month $1,500,000 + $180/month $2,000,000 + $240/month $3,000,000 + $360/month
.25% Increase with a 25 Year Amortization Mortgage
$100,000 + $13/month $250,000 + $32/month $500,000 + $65/month $750,000 + $98/month $1,000,000 + $130/month $1,500,000 + $195/month $2,000,000 + $260/month $3,000,000 + $390/month
.25% Increase with a Line of Credit
$100,000 + $21/month $250,000 + $52/month $500,000 + $104/month $750,000 + $156/month $1,000,000 + $208/month $1,500,000 + $312/month $2,000,000 + $416/month $3,000,000 + $624/month
|