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How Much Does a 1% Difference in a Mortgage Rate Make?
Table 1: Monthly payment (rounded) for 30-yr fixed rate mortgage
| Loan Amount | 4.000% | 4.125% | 4.250% | 4.500% | 5.000% | Cost of 1% per Month |
|---|---|---|---|---|---|---|
| $50,000 | $239 | $246 | $254 | $269 | $298 | $60 |
| $100,000 | $477 | $492 | $507 | $537 | $597 | $119 |
| $150,000 | $716 | $739 | $761 | $806 | $895 | $179 |
| $200,000 | $955 | $985 | $1,015 | $1,074 | $1,194 | $239 |
| $250,000 | $1,194 | $1,231 | $1,268 | $1,343 | $1,492 | $298 |
| $300,000 | $1,432 | $1,477 | $1,522 | $1,611 | $1,790 | $358 |
