Estimated Loan Amounts

Based on Payment* & Interest Rate Assumptions

This table represents the estimated loan amount that corresponds to an interest rate and monthly principal & interest payment. For example, if you want to keep
your P&I payment at no more than $1,000 per month and you can get an interest rate of 5%, the amount of the loan that match those parameters is estimated at
$186,282. Remember that is a loan amount and not a purchase price.

Monthly Nominal Interest Rates

Payment* 4.50% 5.00% 5.50% 6.00% 6.50% 7.00% 7.50% 8.00% 8.50% 9.00%
$750 $148,021 $139,711 $132,091 $125,094 $118,658 $112,731 $107,263 $102,213 $97,540 $93,211
$1,000 $197,361 $186,282 $176,122 $166,792 $158,211 $150,308 $143,018 $136,283 $130,054 $124,282
$1,250 $246,701 $232,852 $220,152 $208,490 $197,764 $187,884 $178,772 $170,354 $162,567 $155,352
$1,500 $296,042 $279,422 $264,183 $250,187 $237,316 $225,461 $214,526 $204,425 $195,080 $186,423
$1,750 $345,382 $325,993 $308,213 $291,885 $276,869 $263,038 $250,281 $238,496 $227,594 $217,493
$2,000 $394,722 $372,563 $352,244 $333,583 $316,422 $300,615 $286,035 $272,567 $260,107 $248,564
$2,250 $444,063 $419,134 $396,274 $375,281 $355,974 $338,192 $321,790 $306,638 $292,621 $279,634
$2,500 $493,403 $465,704 $440,304 $416,979 $395,527 $375,769 $357,544 $340,709 $325,134 $310,705
$2,750 $542,743 $512,274 $484,335 $458,677 $435,080 $413,346 $393,298 $374,780 $357,648 $341,775
$3,000 $592,083 $558,845 $528,365 $500,375 $474,632 $450,923 $429,053 $408,850 $390,161 $372,846
* Assumes 30-year amortization and a fixed interest rate for the term of the loan. Principal & interest only. Property taxes and insurance excluded from the payment amount.

Purchasing Power Impact of Interest Rate Changes

Based on Est. Loan Amount and Down Payment Assumptions
This table attempts to estimate actual purchase prices based on a fixed payment amount combined with various down payment amounts. For example, using the
same $186,282 loan amount (based on the $1,000 payment & 5% interest rate) from the table above combined with an assumed down payment of 10%, the
estimated purchase price associated with those two figures is approximately $206,980.

Down Estimated Loan Amount (Based on $1,000 Monthly Principal & Interest Payment)
Payment** $197,361 $186,282 $176,122 $166,792 $158,211 $150,308 $143,018 $136,283 $130,054 $124,282
20% $246,701 $232,852 $220,152 $208,490 $197,764 $187,884 $178,772 $170,354 $162,567 $155,352
15% $232,190 $219,155 $207,202 $196,225 $186,130 $176,832 $168,256 $160,334 $153,004 $146,214
10% $219,290 $206,980 $195,691 $185,324 $175,790 $167,008 $158,908 $151,426 $144,504 $138,091
5% $207,749 $196,086 $185,391 $175,570 $166,538 $158,218 $150,545 $143,456 $136,899 $130,823
3% $203,465 $192,043 $181,569 $171,950 $163,104 $154,956 $147,441 $140,498 $134,076 $128,126
0% $197,361 $186,282 $176,122 $166,792 $158,211 $150,308 $143,018 $136,283 $130,054 $124,282
** Down payment does not account for buyer's transactional costs. Down payment for this illustration represents buyer's cash contribution toward the purchase price only.

Craig Frazer, CRS, GRI, CLHMS

RE/MAX Metro
cfrazer@remax.net