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How Much Can I Borrow?

Monthly Income:
Monthly Debt Obligations:
Interest Rate:
Loan Duration:
Annual Real Estate Taxes:
Monthly Assessments:


What will my monthly payments be?

Property Value:
Down Payment:
Interest Rate:
Loan Duration:
 


Monthly Payments to Repay (Amortize) each $1,000 of a Loan

Years of Loan
PERCENT INTEREST

5%

6%
7%

8%
9%

10%
11%

12%

15%

18%
1
85.61
86.08
86.54
86.99
87.45
87.92
88.39
88.85
90.26
91.68
2
43.87
44.33
44.73
45.23
45.69
46.15
46.61
47.03
48.49
49.92
3
29.97
30.43
30.88
31.34
31.80
32.27
32.74
33.22
34.67
36.15
4
23.03
23.49
23.95
24.41
24.89
25.36
25.85
26.34
27.83
29.37
5
18.87
19.34
19.80
20.28
20.76
21.25
21.74
22.25
23.79
25.39
10
10.61
11.10
11.61
12.13
12.67
13.22
13.78
14.35
16.13
18.02
15
7.91
8.44
8.99
9.56
10.14
10.75
11.37
12.00
14.00
16.10
20
6.60
7.16
7.75
8.36
9.00
9.65
10.32
11.01
13.17
15.43
25
5.85
6.44
7.07
7.72
8.39
9.09
9.80
10.53
12.81
15.17
30
5.37
6.00
6.65
7.34
8.05
8.78
9.52
10.29
12.64
15.07

 
Equal Housing Lender: Illinois Residential Mortgage Licensee
1824 S. Arlington Heights Road, Arlington Heights, IL 60005
Phone: 847-439-9900 • Fax: 847-439-9914

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