1-10 RULE Buying Power (Mortgage Amount) Changes When Interest Rate Changes Interest Rates Goes Up = Buying Power Goes Down Interest Rate Goes Down = Buying Power Goes Up Interest Rate Change In Increments of 1% Payment* Mortgage Mortgage Mortgage Mortgage Amount Amount Amount Amount (Principal & Interest Only) at 3.5% at 4.5% at 5.5% at 6.5% $507
$126,936
$100,000
$89,239
$80,164
$760
$169,240
$150,000
$133,858
$120,245
$1,013
$225,590
$200,000
$178,477
$160,326
$1,267
$282,155
$250,000
$223,095
$200,407
*Payment is rounded to nearest dollar and based on a 30year fixed rate mortgage. CopyrightŠ Karen Schlosser December 2013