Table 8.1 Monthly Mortgage Payments Required to Repay a $10,000 Loan with Different Interest Rates and Different Maturities Rate of Interest (%) Loan Maturity 10 Years 15 Years 30 Years 40 Years 3.5 $98.89 $71.49 $44.90 $38.74 4.0 101.25 73.97 47.74 41.79 4.5 103.64 76.50 50.67 44.96 5.0 106.07 79.08 53.68 48.22 20 Years $58.00 60.60 63.26 66.00 25 Years $50.06 52.78 55.58 58.46 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 103.64 106.07 108.53 111.02 113.55 116.11 118.71 121.33 123.99 76.50 79.08 81.71 84.39 87.11 89.88 92.71 95.57 98.48 63.26 66.00 68.79 71.64 74.56 77.53 80.56 83.65 86.79 55.58 58.46 61.41 64.43 67.52 70.68 73.90 77.19 80.53 50.67 53.68 56.79 59.96 63.21 66.53 69.93 73.38 76.90 44.96 48.22 51.58 50.22 58.55 62.14 65.81 69.53 73.31 8.0 8.5 9.0 9.5 10.0 10.5 11.0 121.33 123.99 126.68 129.40 132.16 134.94 137.76 95.57 98.48 101.43 104.43 107.47 110.54 113.66 83.65 86.79 89.98 93.22 96.51 99.84 103.22 77.19 80.53 83.92 87.37 90.88 94.42 98.02 73.38 76.90 80.47 84.09 87.76 91.48 95.24 69.53 73.31 77.14 81.01 84.91 88.86 92.83