My Mortgage payment

Have you determined the maximum value of the home you could acquire? You have your down payment. What’s left to do now is determine the amount of your monthly payment. To do so, simply multiply the amount of your mortgage loan by the coefficient corresponding to the interest rate in effect and the number of years during which you expect to amortize this loan.

Table of mortgage coefficients
Interest rate	Mortgage amortization period
	10 years	15 years	20 years	25 years	30 years*
3.0%	0.00965	0.00690	0.00554	0.00473	0.00421
3.5%	0.00988	0.00714	0.00579	0.00499	0.00448
4.0%	0.01011	0.00738	0.00604	0.00526	0.00476
4.5%	0.01034	0.00763	0.00630	0.00553	0.00504
5.0%	0.01058	0.00788	0.00657	0.00582	0.00534
5.5%	0.01082	0.00814	0.00684	0.00610	0.00564
6.0%	0.01107	0.00840	0.00712	0.00640	0.00595
6.5%	0.01131	0.00866	0.00741	0.00670	0.00626
7.0%	0.01156	0.00893	0.00769	0.00700	0.00659
7.5%	0.01181	0.00921	0.00799	0.00732	0.00691
8.0%	0.01206	0.00948	0.00828	0.00763	0.00725
8.5%	0.01232	0.00976	0.00859	0.00795	0.00759
9.0%	0.01258	0.01005	0.00889	0.00828	0.00793
9.5%	0.01284	0.01033	0.00920	0.00861	0.00828
10.0%	0.01310	0.01062	0.00952	0.00894	0.00863

So, for a $125,000 mortgage loan at 5.5% interest amortized over twenty-five years, the monthly payment that you would take on is $763 ($125,000 multiplied by 0.00610).

* Maximum 25 years for insured loans.