Amortization Factor Rates (To Quickly Compute For Your Monthly Amortization)

By Jay Castillo / June 27, 2022 / Real Estate Investing, Real Estate Calculators and Tools / 55 Comments

Want to compute for your monthly amortizations and you’re looking for the amortization factors applicable to your home loan? I have already tabulated them here for you. Check them out below.

What is amortization factor?

An amortization factor is used to easily compute for monthly amortization payments. We already tabulated amortization factors for mortgage/home loan interest rates ranging from 1% to 20% per year, with payment terms ranging from 1 to 30 years to pay.

How to use amortization factor

To calculate the monthly amortization, just multiply the loan amount with the amortization factor for the corresponding interest rate and term (in years) in the applicable table below. The resulting monthly amortization is a combination of principal and interest.

Terms of use: A friendly reminder for copycats…

We have noticed a lot of copycat sites out there (yes, we know who you are!) who plagiarize our content just like the amortization factor rate tables below. Because of this, we have added data within the tables which we use to track copied content. This is visible even if the tables are converted into images.

If you want to use our content, you may do so with proper attribution (with a link that leads back to this post), otherwise stop plagiarizing our content… copyright violators shall be dealt with accordingly (Hint: Google also knows who are the copy cats).

How to compute for Amortization Factor

To compute for amortization factor, all you need is the annual interest rate and loan term, which you can enter into the amortization factor rate calculator I created, that you can see below. Just enter the loan term (in years) and the interest rate (annual), and it will auto-compute for the amortization factor. Use this calculator if your loan term is not typical, and is not found in the tables below.

Amortization Factor Calculator

Quicklinks to typical amortization factor rates

1% to 2.75%
3% to 4.75%
5% to 6.75%
7% to 8.75%
9% to 10.75%
11% to 12.75%
13% to 14.75%
15% to 16.75%
17% to 18.75%
19% to 20.75%
Sample Computation

Amortization factor rate tables

(You can scroll/swipe left or right when viewing from a small screen)

1.00% to 2.75%

Term (years)	1.00%	1.25%	1.50%	1.75%	2.00%	2.25%	2.50%	2.75%
1	0.0837854116	0.0838986464	0.0840119673	0.0841253743	0.0842388673	0.0843524462	0.0844661112	0.0845798620
2	0.0421020803	0.0422113666	0.0423208259	0.0424304582	0.0425402634	0.0426502414	0.0427603922	0.0428707158
3	0.0282080993	0.0283163296	0.0284248197	0.0285335694	0.0286425787	0.0287518475	0.0288613757	0.0289711631
4	0.0212614559	0.0213693533	0.0214775972	0.0215861873	0.0216951236	0.0218044059	0.0219140340	0.0220240078
5	0.0170937474	0.0172016012	0.0173098881	0.0174186077	0.0175277601	0.0176373448	0.0177473616	0.0178578103
6	0.0143155065	0.0144234612	0.0145319355	0.0146409292	0.0147504419	0.0148604733	0.0149710230	0.0150820906
7	0.0123312469	0.0124393851	0.0125481295	0.0126574796	0.0127674350	0.0128779953	0.0129891600	0.0131009284
8	0.0108432257	0.0109515990	0.0110606649	0.0111704229	0.0112808724	0.0113920128	0.0115038433	0.0116163633
9	0.0096860300	0.0097946728	0.0099040945	0.0100142946	0.0101252722	0.0102370266	0.0103495567	0.0104628616
10	0.0087604121	0.0088693484	0.0089791500	0.0090898160	0.0092013454	0.0093137372	0.0094269902	0.0095411031
11	0.0080032145	0.0081124617	0.0082226604	0.0083338095	0.0084459079	0.0085589540	0.0086729464	0.0087878835
12	0.0073723321	0.0074819032	0.0075925120	0.0077041571	0.0078168369	0.0079305498	0.0080452938	0.0081610670
13	0.0068386151	0.0069485202	0.0070595490	0.0071716997	0.0072849707	0.0073993596	0.0075148643	0.0076314820
14	0.0063812424	0.0064914893	0.0066029457	0.0067156098	0.0068294792	0.0069445513	0.0070608232	0.0071782919
15	0.0059849451	0.0060955400	0.0062074302	0.0063206135	0.0064350870	0.0065508477	0.0066678921	0.0067862164
16	0.0056382716	0.0057492194	0.0058615483	0.0059752555	0.0060903377	0.0062067912	0.0063246118	0.0064437950
17	0.0053324646	0.0054437695	0.0055565411	0.0056707760	0.0057864704	0.0059036198	0.0060222194	0.0061422638
18	0.0050607131	0.0051723785	0.0052855959	0.0054003616	0.0055166709	0.0056345187	0.0057538993	0.0058748063
19	0.0048176398	0.0049296685	0.0050433345	0.0051586334	0.0052755598	0.0053941078	0.0055142707	0.0056360412
20	0.0045989431	0.0047113373	0.0048254541	0.0049412881	0.0050588334	0.0051780829	0.0052990289	0.0054216631
21	0.0044011404	0.0045139023	0.0046284716	0.0047448424	0.0048630077	0.0049829595	0.0051046891	0.0052281867
22	0.0042213826	0.0043345137	0.0044495371	0.0045664460	0.0046852323	0.0048058870	0.0049284001	0.0050527604
23	0.0040573160	0.0041708178	0.0042862965	0.0044037444	0.0045231523	0.0046445101	0.0047678064	0.0048930284
24	0.0039069792	0.0040208529	0.0041367879	0.0042547755	0.0043748055	0.0044968663	0.0046209451	0.0047470275
25	0.0037687245	0.0038829711	0.0039993633	0.0041178912	0.0042385434	0.0043613070	0.0044861673	0.0046131086
26	0.0036411579	0.0037557782	0.0038726282	0.0039916968	0.0041129712	0.0042364370	0.0043620779	0.0044898761
27	0.0035230917	0.0036380866	0.0037553949	0.0038750044	0.0039969009	0.0041210682	0.0042474883	0.0043761413
28	0.0034135081	0.0035288780	0.0036466450	0.0037667956	0.0038893138	0.0040141818	0.0041413796	0.0042708851
29	0.0033115294	0.0034272750	0.0035455010	0.0036661925	0.0037893321	0.0039148998	0.0040428736	0.0041732291
30	0.0032163952	0.0033325168	0.0034512021	0.0035724345	0.0036961947	0.0038224610	0.0039512090	0.0040824118

3.00% to 4.75%

Term (years)	3.00%	3.25%	3.50%	3.75%	4.00%	4.25%	4.50%	4.75%
1	0.0846936988	0.0848076214	0.0849216298	0.0850357241	0.0851499042	0.0852641700	0.0853785216	0.0854929589
2	0.0429812120	0.0430918808	0.0432027221	0.0433137360	0.0434249222	0.0435362807	0.0436478116	0.0437595146
3	0.0290812096	0.0291915152	0.0293020797	0.0294129030	0.0295239850	0.0296353255	0.0297469245	0.0298587817
4	0.0221343270	0.0222449915	0.0223560011	0.0224673555	0.0225790546	0.0226910982	0.0228034861	0.0229162179
5	0.0179686907	0.0180800023	0.0181917450	0.0183039183	0.0184165221	0.0185295558	0.0186430192	0.0187569120
6	0.0151936758	0.0153057781	0.0154183971	0.0155315322	0.0156451831	0.0157593491	0.0158740297	0.0159892245
7	0.0132133001	0.0133262744	0.0134398506	0.0135540282	0.0136688063	0.0137841843	0.0139001613	0.0140167365
8	0.0117295719	0.0118434684	0.0119580517	0.0120733210	0.0121892753	0.0123059135	0.0124232344	0.0125412370
9	0.0105769404	0.0106917917	0.0108074144	0.0109238073	0.0110409689	0.0111588978	0.0112775926	0.0113970516
10	0.0096560745	0.0097719029	0.0098885867	0.0100061243	0.0101245138	0.0102437533	0.0103638409	0.0104847743
11	0.0089037635	0.0090205845	0.0091383444	0.0092570409	0.0093766719	0.0094972347	0.0096187269	0.0097411457
12	0.0082778669	0.0083956912	0.0085145374	0.0086344025	0.0087552837	0.0088771778	0.0090000816	0.0091239916
13	0.0077492100	0.0078680454	0.0079879847	0.0081090247	0.0082311616	0.0083543914	0.0084787102	0.0086041136
14	0.0072969539	0.0074168055	0.0075378427	0.0076600612	0.0077834566	0.0079080241	0.0080337585	0.0081606547
15	0.0069058164	0.0070266877	0.0071488254	0.0072722244	0.0073968793	0.0075227841	0.0076499329	0.0077783192
16	0.0065643358	0.0066862288	0.0068094684	0.0069340483	0.0070599619	0.0071872024	0.0073157624	0.0074456343
17	0.0062637470	0.0063866629	0.0065110044	0.0066367643	0.0067639349	0.0068925079	0.0070224746	0.0071538261
18	0.0059972329	0.0061211716	0.0062466143	0.0063735524	0.0065019770	0.0066318782	0.0067632461	0.0068960699
19	0.0057594112	0.0058843720	0.0060109142	0.0061390280	0.0062687027	0.0063999270	0.0065326893	0.0066669771
20	0.0055459760	0.0056719576	0.0057995972	0.0059288831	0.0060598033	0.0061923447	0.0063264938	0.0064622363
21	0.0053534415	0.0054804421	0.0056091761	0.0057396303	0.0058717906	0.0060056423	0.0061411698	0.0062783569
22	0.0051789557	0.0053069730	0.0054367980	0.0055684158	0.0057018104	0.0058369649	0.0059738617	0.0061124823
23	0.0050201624	0.0051491936	0.0052801058	0.0054128821	0.0055475044	0.0056839537	0.0058222101	0.0059622527
24	0.0048750980	0.0050051399	0.0051371351	0.0052710644	0.0054069075	0.0055446430	0.0056842485	0.0058257007
25	0.0047421131	0.0048731623	0.0050062357	0.0051413120	0.0052783684	0.0054173810	0.0055583248	0.0057011736
26	0.0046198119	0.0047518645	0.0048860112	0.0050222282	0.0051604900	0.0053007701	0.0054430407	0.0055872727
27	0.0045070054	0.0046400573	0.0047752720	0.0049126229	0.0050520818	0.0051936194	0.0053372049	0.0054828061
28	0.0044026742	0.0045367212	0.0046729982	0.0048114759	0.0049521234	0.0050949080	0.0052397960	0.0053867519
29	0.0043059398	0.0044409771	0.0045783105	0.0047179077	0.0048597347	0.0050037555	0.0051499332	0.0052982290
30	0.0042160403	0.0043520632	0.0044904469	0.0046311559	0.0047741530	0.0049193989	0.0050668531	0.0052164734

5.00% to 6.75%

Term (years)	5.00%	5.25%	5.50%	5.75%	6.00%	6.25%	6.50%	6.75%
1	0.0856074818	0.0857220904	0.0858367846	0.0859515644	0.0860664297	0.0861813806	0.0862964170	0.0864115388
2	0.0438713897	0.0439834370	0.0440956562	0.0442080473	0.0443206103	0.0444333450	0.0445462514	0.0446593295
3	0.0299708971	0.0300832705	0.0301959018	0.0303087908	0.0304219375	0.0305353415	0.0306490029	0.0307629214
4	0.0230292936	0.0231427128	0.0232564752	0.0233705807	0.0234850290	0.0235998199	0.0237149529	0.0238304280
5	0.0188712336	0.0189859838	0.0191011622	0.0192167682	0.0193328015	0.0194492617	0.0195661482	0.0196834607
6	0.0161049327	0.0162211537	0.0163378871	0.0164551320	0.0165728879	0.0166911540	0.0168099296	0.0169292140
7	0.0141339091	0.0142516781	0.0143700427	0.0144890018	0.0146085545	0.0147286997	0.0148494365	0.0149707636
8	0.0126599200	0.0127792822	0.0128993222	0.0130200387	0.0131414302	0.0132634954	0.0133862326	0.0135096404
9	0.0115172732	0.0116382556	0.0117599971	0.0118824957	0.0120057496	0.0121297568	0.0122545151	0.0123800224
10	0.0106065515	0.0107291701	0.0108526278	0.0109769220	0.0111020502	0.0112280097	0.0113547977	0.0114824114
11	0.0098644882	0.0099887516	0.0101139326	0.0102400281	0.0103670346	0.0104949488	0.0106237671	0.0107534858
12	0.0092489041	0.0093748155	0.0095017217	0.0096296187	0.0097585021	0.0098883677	0.0100192109	0.0101510269
13	0.0087305970	0.0088581558	0.0089867851	0.0091164798	0.0092472344	0.0093790437	0.0095119019	0.0096458031
14	0.0082887071	0.0084179099	0.0085482571	0.0086797423	0.0088123592	0.0089461010	0.0090809608	0.0092169314
15	0.0079079363	0.0080387772	0.0081708345	0.0083041009	0.0084385683	0.0085742287	0.0087110737	0.0088490946
16	0.0075768100	0.0077092811	0.0078430390	0.0079780747	0.0081143786	0.0082519413	0.0083907527	0.0085308025
17	0.0072865528	0.0074206447	0.0075560917	0.0076928831	0.0078310077	0.0079704543	0.0081112110	0.0082532659
18	0.0070303385	0.0071660404	0.0073031636	0.0074416954	0.0075816232	0.0077229336	0.0078656129	0.0080096470
19	0.0068027775	0.0069400772	0.0070788622	0.0072191181	0.0073608299	0.0075039824	0.0076485597	0.0077945457
20	0.0065995574	0.0067384417	0.0068788731	0.0070208351	0.0071643106	0.0073092820	0.0074557314	0.0076036401
21	0.0064171865	0.0065576411	0.0066997024	0.0068433516	0.0069885692	0.0071353352	0.0072836293	0.0074334304
22	0.0062528075	0.0063948174	0.0065384911	0.0066838075	0.0068307445	0.0069792797	0.0071293899	0.0072810517
23	0.0061040597	0.0062476088	0.0063928766	0.0065398392	0.0066884720	0.0068387498	0.0069906467	0.0071441364
24	0.0059689751	0.0061140467	0.0062608895	0.0064094766	0.0065597807	0.0067117736	0.0068654266	0.0070207106
25	0.0058459004	0.0059924772	0.0061408749	0.0062910640	0.0064430140	0.0065966938	0.0067520716	0.0069091153
26	0.0057334362	0.0058815000	0.0060314323	0.0061832001	0.0063367699	0.0064921076	0.0066491781	0.0068079460
27	0.0056303900	0.0057799223	0.0059313678	0.0060846905	0.0062398535	0.0063968193	0.0065555497	0.0067160061
28	0.0055357395	0.0056867211	0.0058396582	0.0059945113	0.0061512402	0.0063098038	0.0064701608	0.0066322691
29	0.0054486030	0.0056010143	0.0057554207	0.0059117792	0.0060700461	0.0062301769	0.0063921267	0.0065558498
30	0.0053682162	0.0055220370	0.0056778900	0.0058357286	0.0059955053	0.0061571720	0.0063206802	0.0064859810

7.00% to 8.75%

Term (years)	7.00%	7.25%	7.50%	7.75%	8.00%	8.25%	8.50%	8.75%
1	0.0865267461	0.0866420388	0.0867574169	0.0868728803	0.0869884291	0.0871040631	0.0872197825	0.0873355870
2	0.0447725791	0.0448860002	0.0449995927	0.0451133564	0.0452272915	0.0453413976	0.0454556749	0.0455701231
3	0.0308770969	0.0309915292	0.0311062182	0.0312211636	0.0313363655	0.0314518234	0.0315675374	0.0316835072
4	0.0239462447	0.0240624028	0.0241789019	0.0242957419	0.0244129223	0.0245304429	0.0246483034	0.0247665033
5	0.0198011985	0.0199193614	0.0200379486	0.0201569598	0.0202763943	0.0203962517	0.0205165313	0.0206372327
6	0.0170490065	0.0171693062	0.0172901123	0.0174114241	0.0175332406	0.0176555611	0.0177783846	0.0179017103
7	0.0150926800	0.0152151845	0.0153382759	0.0154619529	0.0155862144	0.0157110590	0.0158364854	0.0159624923
8	0.0136337171	0.0137584610	0.0138838706	0.0140099439	0.0141366793	0.0142640748	0.0143921286	0.0145208387
9	0.0125062766	0.0126332753	0.0127610162	0.0128894969	0.0130187149	0.0131486677	0.0132793527	0.0134107673
10	0.0116108479	0.0117401041	0.0118701769	0.0120010631	0.0121327594	0.0122652625	0.0123985689	0.0125326750
11	0.0108841009	0.0110156087	0.0111480051	0.0112812859	0.0114154469	0.0115504837	0.0116863919	0.0118231668
12	0.0102838110	0.0104175581	0.0105522631	0.0106879208	0.0108245258	0.0109620727	0.0111005556	0.0112399690
13	0.0097807414	0.0099167106	0.0100537042	0.0101917159	0.0103307388	0.0104707663	0.0106117912	0.0107538066
14	0.0093540054	0.0094921753	0.0096314334	0.0097717717	0.0099131820	0.0100556560	0.0101991854	0.0103437613
15	0.0089882827	0.0091286288	0.0092701236	0.0094127575	0.0095565208	0.0097014036	0.0098473956	0.0099944865
16	0.0086720802	0.0088145750	0.0089582759	0.0091031715	0.0092492503	0.0093965004	0.0095449100	0.0096944668
17	0.0083966065	0.0085412202	0.0086870939	0.0088342145	0.0089825684	0.0091321419	0.0092829210	0.0094348915
18	0.0081550217	0.0083017221	0.0084497333	0.0085990399	0.0087496262	0.0089014765	0.0090545745	0.0092089040
19	0.0079419238	0.0080906770	0.0082407882	0.0083922398	0.0085450138	0.0086990921	0.0088544563	0.0090110878
20	0.0077529894	0.0079037598	0.0080559319	0.0082094856	0.0083644007	0.0085206565	0.0086782323	0.0088371071
21	0.0075847171	0.0077374678	0.0078916601	0.0080472716	0.0082042796	0.0083626608	0.0085223921	0.0086834497
22	0.0074342410	0.0075889334	0.0077451040	0.0079027277	0.0080617791	0.0082222323	0.0083840616	0.0085472406
23	0.0072991922	0.0074557868	0.0076138926	0.0077734817	0.0079345259	0.0080969967	0.0082608654	0.0084261033
24	0.0071775958	0.0073360521	0.0074960490	0.0076575557	0.0078205412	0.0079849742	0.0081508232	0.0083180568
25	0.0070677920	0.0072280686	0.0073899118	0.0075532876	0.0077181622	0.0078845013	0.0080522708	0.0082214364
26	0.0069683756	0.0071304306	0.0072940744	0.0074592703	0.0076259811	0.0077941700	0.0079637998	0.0081348334
27	0.0068781493	0.0070419400	0.0072073384	0.0073743046	0.0075427986	0.0077127805	0.0078842103	0.0080570480
28	0.0067960861	0.0069615694	0.0071286759	0.0072973626	0.0074675864	0.0076393045	0.0078124739	0.0079870520
29	0.0067213006	0.0068884330	0.0070572008	0.0072275579	0.0073994581	0.0075728556	0.0077477046	0.0079239597
30	0.0066530250	0.0068217628	0.0069921451	0.0071641225	0.0073376457	0.0075126660	0.0076891348	0.0078670041

9.00% to 10.75%

Term (years)	9.00%	9.25%	9.50%	9.75%	10.00%	10.25%	10.50%	10.75%
1	0.0874514768	0.0875674517	0.0876835118	0.0877996570	0.0879158872	0.0880322026	0.0881486029	0.0882650882
2	0.0456847423	0.0457995323	0.0459144930	0.0460296244	0.0461449263	0.0462603988	0.0463760416	0.0464918548
3	0.0317997327	0.0319162136	0.0320329497	0.0321499410	0.0322671872	0.0323846881	0.0325024435	0.0326204532
4	0.0248850424	0.0250039203	0.0251231367	0.0252426912	0.0253625834	0.0254828131	0.0256033798	0.0257242831
5	0.0207583552	0.0208798983	0.0210018613	0.0211242437	0.0212470447	0.0213702638	0.0214939004	0.0216179537
6	0.0180255372	0.0181498643	0.0182746908	0.0184000156	0.0185258378	0.0186521562	0.0187789700	0.0189062779
7	0.0160890783	0.0162162419	0.0163439817	0.0164722962	0.0166011840	0.0167306435	0.0168606731	0.0169912713
8	0.0146502033	0.0147802202	0.0149108873	0.0150422027	0.0151741641	0.0153067693	0.0154400162	0.0155739024
9	0.0135429087	0.0136757741	0.0138093608	0.0139436658	0.0140786862	0.0142144190	0.0143508612	0.0144880096
10	0.0126675774	0.0128032722	0.0129397558	0.0130770242	0.0132150737	0.0133539002	0.0134934997	0.0136338680
11	0.0119608039	0.0120992985	0.0122386455	0.0123788402	0.0125198775	0.0126617522	0.0128044593	0.0129479933
12	0.0113803070	0.0115215634	0.0116637324	0.0118068075	0.0119507826	0.0120956512	0.0122414068	0.0123880428
13	0.0108968051	0.0110407794	0.0111857219	0.0113316250	0.0114784809	0.0116262818	0.0117750196	0.0119246863
14	0.0104893750	0.0106360177	0.0107836800	0.0109323529	0.0110820269	0.0112326925	0.0113843401	0.0115369600
15	0.0101426658	0.0102919229	0.0104422468	0.0105936266	0.0107460512	0.0108995092	0.0110539892	0.0112094798
16	0.0098451584	0.0099969723	0.0101498957	0.0103039157	0.0104590193	0.0106151933	0.0107724244	0.0109306991
17	0.0095880390	0.0097423489	0.0098978065	0.0100543967	0.0102121046	0.0103709149	0.0105308122	0.0106917813
18	0.0093644484	0.0095211908	0.0096791145	0.0098382023	0.0099984370	0.0101598012	0.0103222776	0.0104858485
19	0.0091689678	0.0093280771	0.0094883967	0.0096499072	0.0098125891	0.0099764229	0.0101413890	0.0103074675
20	0.0089972596	0.0091586683	0.0093213119	0.0094851685	0.0096502165	0.0098164339	0.0099837989	0.0101522895
21	0.0088458102	0.0090094494	0.0091743436	0.0093404685	0.0095078001	0.0096763141	0.0098459865	0.0100167930
22	0.0087117432	0.0088775429	0.0090446133	0.0092129279	0.0093824600	0.0095531831	0.0097250708	0.0098980967
23	0.0085926815	0.0087605709	0.0089297426	0.0091001675	0.0092718166	0.0094446611	0.0096186723	0.0097938214
24	0.0084866433	0.0086565511	0.0088277487	0.0090002046	0.0091738873	0.0093487657	0.0095248088	0.0097019856
25	0.0083919636	0.0085638184	0.0087369666	0.0089113742	0.0090870075	0.0092638328	0.0094418171	0.0096209272
26	0.0083072338	0.0084809641	0.0086559878	0.0088322683	0.0090097696	0.0091884559	0.0093682918	0.0095492424
27	0.0082312540	0.0084067888	0.0085836133	0.0087616887	0.0089409766	0.0091214390	0.0093030385	0.0094857381
28	0.0081629964	0.0083402652	0.0085188167	0.0086986098	0.0088796040	0.0090617591	0.0092450357	0.0094293953
29	0.0081015759	0.0082805088	0.0084607143	0.0086421492	0.0088247707	0.0090085368	0.0091934063	0.0093793387
30	0.0080462262	0.0082267543	0.0084085421	0.0085915441	0.0087757157	0.0089610130	0.0091473929	0.0093348136

11.00% to 12.75%

Term (years)	11.00%	11.25%	11.50%	11.75%	12.00%	12.25%	12.50%	12.75%
1	0.0883816585	0.0884983137	0.0886150539	0.0887318789	0.0888487887	0.0889657833	0.0890828627	0.0892000269
2	0.0466078382	0.0467239917	0.0468403153	0.0469568088	0.0470734722	0.0471903054	0.0473073082	0.0474244807
3	0.0327387171	0.0328572349	0.0329760064	0.0330950315	0.0332143098	0.0333338413	0.0334536256	0.0335736626
4	0.0258455226	0.0259670980	0.0260890089	0.0262112548	0.0263338354	0.0264567503	0.0265799989	0.0267035809
5	0.0217424231	0.0218673079	0.0219926074	0.0221183209	0.0222444477	0.0223709870	0.0224979382	0.0226253005
6	0.0190340790	0.0191623721	0.0192911562	0.0194204300	0.0195501925	0.0196804425	0.0198111787	0.0199424000
7	0.0171224364	0.0172541668	0.0173864608	0.0175193167	0.0176527328	0.0177867073	0.0179212384	0.0180563244
8	0.0157084257	0.0158435836	0.0159793738	0.0161157939	0.0162528414	0.0163905138	0.0165288086	0.0166677233
9	0.0146258610	0.0147644123	0.0149036603	0.0150436015	0.0151842326	0.0153255503	0.0154675510	0.0156102313
10	0.0137750011	0.0139168947	0.0140595444	0.0142029459	0.0143470948	0.0144919867	0.0146376169	0.0147839809
11	0.0130923490	0.0132375210	0.0133835037	0.0135302915	0.0136778788	0.0138262599	0.0139754290	0.0141253803
12	0.0125355526	0.0126839292	0.0128331658	0.0129832556	0.0131341914	0.0132859662	0.0134385728	0.0135920040
13	0.0120752736	0.0122267733	0.0123791769	0.0125324761	0.0126866622	0.0128417267	0.0129976607	0.0131544557
14	0.0116905423	0.0118450770	0.0120005542	0.0121569637	0.0123142953	0.0124725387	0.0126316835	0.0127917194
15	0.0113659693	0.0115234460	0.0116818981	0.0118413136	0.0120016806	0.0121629871	0.0123252208	0.0124883698
16	0.0110900040	0.0112503254	0.0114116496	0.0115739628	0.0117372513	0.0119015010	0.0120666981	0.0122328286
17	0.0108538064	0.0110168721	0.0111809627	0.0113460623	0.0115121553	0.0116792258	0.0118472580	0.0120162362
18	0.0106504964	0.0108162036	0.0109829524	0.0111507251	0.0113195038	0.0114892709	0.0116600087	0.0118316994
19	0.0104746389	0.0106428832	0.0108121808	0.0109825119	0.0111538566	0.0113261953	0.0114995084	0.0116737763
20	0.0103218839	0.0104925601	0.0106642963	0.0108370706	0.0110108613	0.0111856468	0.0113614055	0.0115381160
21	0.0101887095	0.0103617120	0.0105357766	0.0107108793	0.0108869965	0.0110641046	0.0112421803	0.0114212003
22	0.0100722345	0.0102474580	0.0104237412	0.0106010582	0.0107793836	0.0109586918	0.0111389577	0.0113201565
23	0.0099700800	0.0101474200	0.0103258132	0.0105052320	0.0106856488	0.0108670366	0.0110493685	0.0112326181
24	0.0098802657	0.0100596188	0.0102400151	0.0104214248	0.0106038188	0.0107871683	0.0109714450	0.0111566208
25	0.0098011308	0.0099823955	0.0101646896	0.0103479819	0.0105322414	0.0107174379	0.0109035414	0.0110905227
26	0.0097312730	0.0099143498	0.0100984392	0.0102835082	0.0104695246	0.0106564565	0.0108442729	0.0110329433
27	0.0096695016	0.0098542931	0.0100400777	0.0102268209	0.0104144889	0.0106030487	0.0107924680	0.0109827154
28	0.0096147995	0.0098012113	0.0099885940	0.0101769118	0.0103661298	0.0105562138	0.0107471306	0.0109388478
29	0.0095662943	0.0097542345	0.0099431214	0.0101329179	0.0103235881	0.0105150969	0.0107074102	0.0109004947
30	0.0095232340	0.0097126139	0.0099029143	0.0100940973	0.0102861260	0.0104789643	0.0106725776	0.0108669321

13.00% to 14.75%

Term (years)	13.00%	13.25%	13.50%	13.75%	14.00%	14.25%	14.50%	14.75%
1	0.0893172757	0.0894346092	0.0895520274	0.0896695302	0.0897871176	0.0899047895	0.0900225460	0.0901403869
2	0.0475418226	0.0476593339	0.0477770145	0.0478948643	0.0480128833	0.0481310712	0.0482494280	0.0483679537
3	0.0336939520	0.0338144937	0.0339352873	0.0340563328	0.0341776298	0.0342991781	0.0344209774	0.0345430277
4	0.0268274959	0.0269517434	0.0270763230	0.0272012341	0.0273264765	0.0274520496	0.0275779529	0.0277041859
5	0.0227530730	0.0228812552	0.0230098460	0.0231388449	0.0232682508	0.0233980632	0.0235282811	0.0236589037
6	0.0200741052	0.0202062930	0.0203389622	0.0204721114	0.0206057395	0.0207398450	0.0208744268	0.0210094833
7	0.0181919633	0.0183281534	0.0184648928	0.0186021795	0.0187400116	0.0188783872	0.0190173042	0.0191567608
8	0.0168072551	0.0169474014	0.0170881597	0.0172295271	0.0173715010	0.0175140786	0.0176572571	0.0178010336
9	0.0157535877	0.0158976165	0.0160423141	0.0161876769	0.0163337012	0.0164803831	0.0166277190	0.0167757050
10	0.0149310740	0.0150788916	0.0152274289	0.0153766812	0.0155266435	0.0156773111	0.0158286789	0.0159807422
11	0.0142761079	0.0144276058	0.0145798680	0.0147328885	0.0148866612	0.0150411798	0.0151964383	0.0153524303
12	0.0137462524	0.0139013108	0.0140571716	0.0142138275	0.0143712708	0.0145294942	0.0146884899	0.0148482502
13	0.0133121026	0.0134705927	0.0136299170	0.0137900665	0.0139510322	0.0141128049	0.0142753757	0.0144387353
14	0.0129526358	0.0131144223	0.0132770683	0.0134405631	0.0136048961	0.0137700568	0.0139360343	0.0141028180
15	0.0126524217	0.0128173643	0.0129831854	0.0131498727	0.0133174139	0.0134857966	0.0136550086	0.0138250376
16	0.0123998784	0.0125678337	0.0127366804	0.0129064044	0.0130769918	0.0132484286	0.0134207008	0.0135937946
17	0.0121861444	0.0123569668	0.0125286878	0.0127012915	0.0128747623	0.0130490845	0.0132242426	0.0134002210
18	0.0120043253	0.0121778689	0.0123523127	0.0125276391	0.0127038309	0.0128808707	0.0130587414	0.0132374260
19	0.0118489795	0.0120250987	0.0122021146	0.0123800080	0.0125587600	0.0127383517	0.0129187646	0.0130999801
20	0.0117157571	0.0118943077	0.0120737468	0.0122540538	0.0124352081	0.0126171894	0.0127999777	0.0129835530
21	0.0116011418	0.0117819820	0.0119636984	0.0121462688	0.0123296711	0.0125138838	0.0126988854	0.0128846549
22	0.0115022636	0.0116852547	0.0118691058	0.0120537933	0.0122392939	0.0124255848	0.0126126432	0.0128004472
23	0.0114167592	0.0116017662	0.0117876137	0.0119742768	0.0121617311	0.0123499526	0.0125389176	0.0127286030
24	0.0113426682	0.0115295604	0.0117172706	0.0119057730	0.0120950420	0.0122850526	0.0124757804	0.0126672014
25	0.0112783530	0.0114670043	0.0116564488	0.0118466597	0.0120376104	0.0122292753	0.0124216292	0.0126146474
26	0.0112224377	0.0114127271	0.0116037829	0.0117955773	0.0119880832	0.0121812743	0.0123751247	0.0125696094
27	0.0111737600	0.0113655718	0.0115581215	0.0117513808	0.0119453218	0.0121399178	0.0123351426	0.0125309709
28	0.0111313337	0.0113245577	0.0115184899	0.0117131014	0.0119083641	0.0121042508	0.0123007352	0.0124977918
29	0.0110943183	0.0112888499	0.0114840590	0.0116799165	0.0118763941	0.0120734643	0.0122711009	0.0124692782
30	0.0110619952	0.0112577352	0.0114541218	0.0116511253	0.0118487175	0.0120468709	0.0122455593	0.0124447572

15.00% to 16.75%

Term (years)	15.00%	15.25%	15.50%	15.75%	16.00%	16.25%	16.50%	16.75%
1	0.0902583123	0.0903763222	0.0904944164	0.0906125950	0.0907308579	0.0908492051	0.0909676365	0.0910861522
2	0.0484866480	0.0486055110	0.0487245425	0.0488437423	0.0489631105	0.0490826469	0.0492023513	0.0493222238
3	0.0346653285	0.0347878797	0.0349106810	0.0350337322	0.0351570330	0.0352805832	0.0354043826	0.0355284307
4	0.0278307483	0.0279576394	0.0280848589	0.0282124062	0.0283402808	0.0284684822	0.0285970100	0.0287258635
5	0.0237899301	0.0239213595	0.0240531911	0.0241854239	0.0243180571	0.0244510898	0.0245845211	0.0247183501
6	0.0211450133	0.0212810155	0.0214174883	0.0215544305	0.0216918406	0.0218297172	0.0219680587	0.0221068639
7	0.0192967547	0.0194372841	0.0195783469	0.0197199408	0.0198620639	0.0200047141	0.0201478890	0.0202915867
8	0.0179454053	0.0180903693	0.0182359228	0.0183820626	0.0185287860	0.0186760898	0.0188239712	0.0189724269
9	0.0169243373	0.0170736119	0.0172235250	0.0173740726	0.0175252508	0.0176770554	0.0178294825	0.0179825281
10	0.0161334957	0.0162869346	0.0164410537	0.0165958479	0.0167513121	0.0169074412	0.0170642299	0.0172216730
11	0.0155091496	0.0156665898	0.0158247447	0.0159836077	0.0161431726	0.0163034328	0.0164643820	0.0166260135
12	0.0150087677	0.0151700344	0.0153320427	0.0154947848	0.0156582530	0.0158224393	0.0159873361	0.0161529354
13	0.0146028746	0.0147677844	0.0149334556	0.0150998788	0.0152670448	0.0154349445	0.0156035685	0.0157729077
14	0.0142703972	0.0144387611	0.0146078990	0.0147778003	0.0149484542	0.0151198501	0.0152919772	0.0154648249
15	0.0139958712	0.0141674972	0.0143399034	0.0145130775	0.0146870074	0.0148616810	0.0150370861	0.0152132107
16	0.0137676961	0.0139423914	0.0141178669	0.0142941087	0.0144711034	0.0146488373	0.0148272971	0.0150064693
17	0.0135770043	0.0137545773	0.0139329247	0.0141120314	0.0142918824	0.0144724628	0.0146537579	0.0148357530
18	0.0134169075	0.0135971693	0.0137781947	0.0139599673	0.0141424707	0.0143256889	0.0145096058	0.0146942059
19	0.0132819798	0.0134647458	0.0136482601	0.0138325050	0.0140174630	0.0142031170	0.0143894498	0.0145764448
20	0.0131678958	0.0133529868	0.0135388069	0.0137253373	0.0139125594	0.0141004551	0.0142890064	0.0144781956
21	0.0130711714	0.0132584147	0.0134463645	0.0136350010	0.0138243050	0.0140142572	0.0142048391	0.0143960322
22	0.0129889748	0.0131782047	0.0133681159	0.0135586878	0.0137499002	0.0139417334	0.0141341681	0.0143271853
23	0.0129189861	0.0131100448	0.0133017574	0.0134941026	0.0136870597	0.0138806083	0.0140747287	0.0142694016
24	0.0128592923	0.0130520302	0.0132453929	0.0134393585	0.0136339061	0.0138290148	0.0140246646	0.0142208360
25	0.0128083061	0.0130025820	0.0131974524	0.0133928951	0.0135888889	0.0137854127	0.0139824465	0.0141799705
26	0.0127647042	0.0129603854	0.0131566300	0.0133534159	0.0135507215	0.0137485258	0.0139468087	0.0141455506
27	0.0127273781	0.0129243405	0.0131218349	0.0133198393	0.0135183320	0.0137172922	0.0139166999	0.0141165357
28	0.0126953959	0.0128935238	0.0130921525	0.0132912598	0.0134908244	0.0136908257	0.0138912439	0.0140920600
29	0.0126679716	0.0128671577	0.0130668135	0.0132669171	0.0134674476	0.0136683845	0.0138697087	0.0140714013
30	0.0126444402	0.0128445850	0.0130451692	0.0132461710	0.0134475700	0.0136493462	0.0138514808	0.0140539557

17.00% to 18.75%

Term (years)	17.00%	17.25%	17.50%	17.75%	18.00%	18.25%	18.50%	18.75%
1	0.0912047521	0.0913234361	0.0914422043	0.0915610566	0.0916799929	0.0917990133	0.0919181176	0.0920373060
2	0.0494422641	0.0495624722	0.0496828479	0.0498033912	0.0499241020	0.0500449801	0.0501660254	0.0502872378
3	0.0356527275	0.0357772727	0.0359020659	0.0360271069	0.0361523955	0.0362779314	0.0364037143	0.0365297439
4	0.0288550423	0.0289845459	0.0291143736	0.0292445250	0.0293749996	0.0295057968	0.0296369160	0.0297683566
5	0.0248525758	0.0249871973	0.0251222137	0.0252576241	0.0253934274	0.0255296228	0.0256662092	0.0258031856
6	0.0222461311	0.0223858590	0.0225260460	0.0226666905	0.0228077911	0.0229493462	0.0230913543	0.0232338137
7	0.0204358049	0.0205805413	0.0207257938	0.0208715601	0.0210178380	0.0211646251	0.0213119192	0.0214597179
8	0.0191214541	0.0192710495	0.0194212100	0.0195719326	0.0197232141	0.0198750513	0.0200274410	0.0201803799
9	0.0181361879	0.0182904580	0.0184453341	0.0186008120	0.0187568877	0.0189135569	0.0190708153	0.0192286588
10	0.0173797652	0.0175385013	0.0176978760	0.0178578840	0.0180185199	0.0181797784	0.0183416541	0.0185041416
11	0.0167883209	0.0169512977	0.0171149373	0.0172792331	0.0174441787	0.0176097673	0.0177759924	0.0179428475
12	0.0163192294	0.0164862102	0.0166538701	0.0168222010	0.0169911952	0.0171608449	0.0173311420	0.0175020789
13	0.0159429529	0.0161136947	0.0162851241	0.0164572317	0.0166300085	0.0168034454	0.0169775331	0.0171522626
14	0.0156383827	0.0158126400	0.0159875861	0.0161632107	0.0163395032	0.0165164533	0.0166940505	0.0168722847
15	0.0153900429	0.0155675708	0.0157457825	0.0159246662	0.0161042104	0.0162844033	0.0164652336	0.0166466897
16	0.0151863407	0.0153668981	0.0155481286	0.0157300190	0.0159125567	0.0160957289	0.0162795230	0.0164639266
17	0.0150184338	0.0152017858	0.0153857950	0.0155704472	0.0157557286	0.0159416256	0.0161281246	0.0163152123
18	0.0148794734	0.0150653931	0.0152519497	0.0154391283	0.0156269142	0.0158152927	0.0160042497	0.0161937709
19	0.0147640854	0.0149523553	0.0151412385	0.0153307192	0.0155207820	0.0157114116	0.0159025930	0.0160943115
20	0.0146680055	0.0148584190	0.0150494193	0.0152409901	0.0154331152	0.0156257790	0.0158189658	0.0160126606
21	0.0145878184	0.0147801803	0.0149731006	0.0151665622	0.0153605488	0.0155550442	0.0157500324	0.0159454983
22	0.0145207666	0.0147148939	0.0149095495	0.0151047162	0.0153003772	0.0154965162	0.0156931171	0.0158901645
23	0.0144646082	0.0146603300	0.0148565494	0.0150532487	0.0152504113	0.0154480205	0.0156460605	0.0158445156
24	0.0144175100	0.0146146681	0.0148122924	0.0150103654	0.0152088703	0.0154077908	0.0156071109	0.0158068152
25	0.0143779658	0.0145764139	0.0147752970	0.0149745977	0.0151742994	0.0153743859	0.0155748415	0.0157756512
26	0.0143447326	0.0145443364	0.0147443444	0.0149447395	0.0151455052	0.0153466258	0.0155480860	0.0157498710
27	0.0143167809	0.0145174175	0.0147184282	0.0149197964	0.0151215059	0.0153235414	0.0155258880	0.0157285314
28	0.0142932555	0.0144948131	0.0146967156	0.0148989469	0.0151014915	0.0153043344	0.0155074613	0.0157108585
29	0.0142734445	0.0144758213	0.0146785152	0.0148815106	0.0150847923	0.0152883462	0.0154921585	0.0156962160
30	0.0142567534	0.0144598576	0.0146632523	0.0148669225	0.0150708537	0.0152750324	0.0154794453	0.0156840801

19.00% to 20.75%

Term (years)	19.00%	19.25%	19.50%	19.75%	20.00%	20.25%	20.50%	20.75%
1	0.0921565782	0.0922759344	0.0923953744	0.0925148983	0.0926345059	0.0927541973	0.0928739724	0.0929938313
2	0.0504086172	0.0505301635	0.0506518766	0.0507737563	0.0508958026	0.0510180154	0.0511403944	0.0512629396
3	0.0366560200	0.0367825423	0.0369093105	0.0370363242	0.0371635834	0.0372910875	0.0374188364	0.0375468298
4	0.0299001182	0.0300322002	0.0301646019	0.0302973228	0.0304303623	0.0305637199	0.0306973950	0.0308313868
5	0.0259405511	0.0260783047	0.0262164454	0.0263549720	0.0264938837	0.0266331794	0.0267728580	0.0269129185
6	0.0233767230	0.0235200805	0.0236638845	0.0238081336	0.0239528261	0.0240979602	0.0242435344	0.0243895471
7	0.0216080190	0.0217568200	0.0219061187	0.0220559126	0.0222061993	0.0223569765	0.0225082416	0.0226599924
8	0.0203338649	0.0204878928	0.0206424601	0.0207975638	0.0209532004	0.0211093666	0.0212660592	0.0214232747
9	0.0193870830	0.0195460837	0.0197056566	0.0198657974	0.0200265017	0.0201877652	0.0203495836	0.0205119525
10	0.0186672355	0.0188309305	0.0189952210	0.0191601018	0.0193255672	0.0194916120	0.0196582306	0.0198254176
11	0.0181103258	0.0182784209	0.0184471261	0.0186164348	0.0187863404	0.0189568363	0.0191279160	0.0192995729
12	0.0176736477	0.0178458405	0.0180186496	0.0181920672	0.0183660855	0.0185406967	0.0187158933	0.0188916674
13	0.0173276249	0.0175036109	0.0176802117	0.0178574183	0.0180352218	0.0182136133	0.0183925842	0.0185721256
14	0.0170511456	0.0172306230	0.0174107069	0.0175913871	0.0177726538	0.0179544970	0.0181369070	0.0183198740
15	0.0168287603	0.0170114342	0.0171947003	0.0173785476	0.0175629650	0.0177479419	0.0179334675	0.0181195313
16	0.0166489273	0.0168345131	0.0170206718	0.0172073915	0.0173946605	0.0175824672	0.0177708002	0.0179596480
17	0.0165028754	0.0166911010	0.0168798764	0.0170691887	0.0172590257	0.0174493750	0.0176402246	0.0178315626
18	0.0163838424	0.0165744507	0.0167655823	0.0169572239	0.0171493627	0.0173419858	0.0175350807	0.0177286352
19	0.0162865526	0.0164793023	0.0166725466	0.0168662718	0.0170604647	0.0172551122	0.0174502013	0.0176457197
20	0.0162068485	0.0164015151	0.0165966461	0.0167922276	0.0169882461	0.0171846883	0.0173815413	0.0175787924
21	0.0161414265	0.0163378026	0.0165346120	0.0167318409	0.0169294756	0.0171275029	0.0173259097	0.0175246836
22	0.0160876431	0.0162855383	0.0164838357	0.0166825213	0.0168815817	0.0170810036	0.0172807743	0.0174808813
23	0.0160433708	0.0162426115	0.0164422235	0.0166421929	0.0168425065	0.0170431514	0.0172441150	0.0174453852
24	0.0160068889	0.0162073176	0.0164080873	0.0166091846	0.0168105965	0.0170123103	0.0172143139	0.0174165956
25	0.0159768003	0.0161782749	0.0163800613	0.0165821464	0.0167845177	0.0169871630	0.0171900707	0.0173932293
26	0.0159519667	0.0161543594	0.0163570361	0.0165599841	0.0167631913	0.0169666461	0.0171703373	0.0173742542
27	0.0159314581	0.0161346549	0.0163381091	0.0165418088	0.0167457424	0.0169498987	0.0171542673	0.0173588378
28	0.0159145129	0.0161184120	0.0163225438	0.0165268967	0.0167314599	0.0169362228	0.0171411754	0.0173463083
29	0.0159005064	0.0161050176	0.0163097383	0.0165146576	0.0167197652	0.0169250513	0.0171305065	0.0173361219
30	0.0158889249	0.0160939685	0.0162992000	0.0165046094	0.0167101869	0.0169159233	0.0171218099	0.0173278384

Sample computation

Given:

Home loan amount: 1,000,000.00
Interest rate: 7.5%
Term: 20 years

Step 1 – Find the corresponding amortization factor for a 20 year term at 7.5% annual interest rate

The amortization factor is 0.0080559319 (see row for 20 years and column for 7.5% of table 7% to 8.75%)

Step 2 – Compute for the monthly amortization

The monthly amortization would be equal to Loan Amount x Amortization Factor

= 1,000,000.00 x 0.0080559319

= 8055.9319

Want a more detailed example?

Click on the following for a more detailed example: How to compute monthly amortization payments

You can also verify the resulting monthly amortization using our home loan calculator.

~~~

Disclaimer: The data presented above are for reference purposes only. As always, our standard site disclaimer applies.

Tagged with: amortization factor, amortization factors table, calculator, loan calculator

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About The Author

Jay Castillo

People encounter problems and make mistakes when buying foreclosed properties, and Jay wants to help people avoid those problems/ mistakes. Jay encountered a lot of those, which is why he started this blog in 2008 to serve as a guide where he shares lessons learned, and how to overcome challenges you may encounter when investing foreclosed properties in the Philippines … [Read more]

55 thoughts on “Amortization Factor Rates (To Quickly Compute For Your Monthly Amortization)”

Ace Aguilar
February 13, 2022 at 12:44 pm

Thanks, Jay!

I’ve been using the amortization factor table for years.
Wishing you all the best.

– Ace

Reply
1. Jay Castillo
  February 16, 2022 at 4:27 pm
  
  Great to hear that, thank you Ace. By the way, I just noticed you had an email about inviting me to discuss about foreclosure prevention way back in 2020, which I wasn’t able to read until now. Really sorry about that.:-(
  
  Reply
digna letran
December 6, 2021 at 2:01 pm

how much is the monthly amortization if i will loan 100000 in 2yrs?what is the computation?example lang po

Reply
1. Jay Castillo
  December 27, 2021 at 11:28 am
  
  Ano po interest rate? Kailangan po ang interest rate para macompute
  
  Reply
Ace Aguilar
September 1, 2021 at 11:11 am

Jay, thank you for these amortization factor tables. I’ve been using it for my real estate deals every single day.

God bless!

Reply
1. Jay Castillo
  September 1, 2021 at 2:09 pm
  
  Hi Ace, kamusta na? You’re welcome and I’m glad you are using this in your real estate investing. God bless you too!
  
  Reply
Adhir
January 11, 2017 at 5:34 pm

Hi,

I have one doubt for the factor calculation, could you please advise to me the factor rate will be constant up to maturity up bond. or it will be change monthly basis (like:after repaid payment).

and if factor will be change the difference between previous factor and current factor rate is our this month payment (Previous Factor – Current factor)* Principal amount

Thanks

Reply
Junice Ilagan
January 10, 2017 at 11:20 am

Good day sir. Example po 235,200 loanable. If 12% interest in 1 year × factor rate 0.0888487887 = 20,897. Which is tama po sa binigay nila sakin computation. Pero ang gusto ko po sana malaman ung monthly if 1 and half year lang po. Di po nila ako mbigyan ng computation.hindi po nila alam paanu icocompute. May factor rate po kayo para sa 1 and half year? I’ll wait for your response po. Thanks po.

Reply
kenneth sandot
November 23, 2016 at 7:06 pm

how to compute manually the terms of years..??just like 0.0080559319

Reply
RJ Joaquin Maravillas
November 19, 2016 at 2:25 pm

Hi sir,

Your website is very good and very informative. Without your amortization factor table I wont be able to compute
how did the bank gave me the amount for my monthly payment on my housing loan. I also just found out that my bank gives a higher interest
compared to other banks. I wont mention the name of the bank here but I am quite pissed off w/ them and with the developer as they didnt gave
me other options to choose on w/c bank I want to have for my housing loan be processed.

My question is; pwede ko pa bang ilipat yun housing loan ko po to other banks after 1-2 years. Basically kase nasa kanila yun
title ng house and lot title di ba. So how can I get rid of my present bank to transfer to other bank(w/ lower interest rate) together my loan. 🙂
My friend suggested that I can transfer it to pag-ibig fund but they give a higher/same interest rate.
How bout bank into another bank, is that possible?

Also if you have more time. Please write up that also explains all about the fixed rate and why the intrest goes up depends on number of years.
Thanks and more power.

Reply
Maritoni Uy Eleazar
July 31, 2016 at 4:44 pm

Hi Sir, your amortization calculator, tables & excel template are very useful but can I still use this for computing the monthly amortization & total loan amount when there are balloon payments made annually for 6 years? Also what if she has a fixed amount only for the monthly payment w/c is lower than the monthly amortization indicated in the excel template? Can I adjust the years of the loan so that the monthly amortization will reflect the amount that she is willing to pay? I tried doing this but am not sure if its correct to adjust the number of years.
You see, my client wants a rent-to-own scheme with 60k/ mo then 400k on the 12 month of every year. How do I compute it? Amount of loan is P5.8M, interest is 6% for 6 years. Thanks in advance.

Reply
1. Jay Castillo
  August 2, 2016 at 2:53 pm
  
  Hi Maritoni, thanks a lot for the kind words!
  
  Yes, you can also use this for lumpsum payments, but you have to create an amortization schedule, and the principal will adjust accordingly when lumpsum payments are received. How did you arrive at 60K/month?
  
  Reply
  1. Maritoni Uy Eleazar
    August 2, 2016 at 8:22 pm
    
    Hi Jay 🙂 thanks for replying. I’m not really sure how the client arrived at the 60k, I think she felt that it is the only amount she can pay per month. I filled up your excel template & the amortization came out as 96k/mo but since she can only pay 60k/ mo + 400k on the 12th month—do I input those figures on column B (Monthly amortization) instead of the 96k? Was that what you meant when you said the principal will adjust accordingly?
    
    Oh that makes it so much simpler, I was overthinking it. Thanks so much for the clarification 🙂
    
    Reply
    1. Jay Castillo
      August 11, 2016 at 9:02 am
      
      Yes Maritoni, you can try to enter the 60K in column B, and then you should see the effect on the principal amount, and the enter 400K on the 12th month. After that you need to drag the rows downward to see the rest until the principal becomes zero.
      
      Reply
      1. Maritoni Uy Eleazar
        August 12, 2016 at 11:18 pm
        
        Yes I did that & it worked so well. Thanks again 🙂
        
        Reply
        
        Jay Castillo
        August 23, 2016 at 7:21 pm
        
        Glad to hear that! You’re welcome!
        
        Reply
Criscel Batalan
January 9, 2015 at 2:39 pm

what is the standard formula for monthly amortization for government housing facility?

Reply
ja
October 15, 2014 at 8:25 pm

just wanted to ask. I applied for home loan to Bank A with 6.5% interest fix for 5 years on a 15-year term while from Bank B has 7% interest rate fix for 5 years in 20-year term. Basically looking at these figures, I opted for Bank A. But upon signing the documents, they require bank fees amounting to 88,900 plus annual insurance worth 19k plus. While Bank B only requires 54,431.17 bank charges and 15,438.77 for MRI (insurance) which is optional and is subject to change annually depending on the outstanding balance.

Please advise which has better terms.

Reply
Carl Co
November 12, 2013 at 4:59 pm

Hi sir Jay! how do you compute for the amortization factors in MS excel just like your tables,

Reply
1. Jay Castillo
  February 12, 2014 at 8:05 am
  
  Hi Carl, I explained this in the following article, please check it out:
  
  https://www.foreclosurephilippines.com/2009/11/how-to-calculate-for-the-amortization-factor.html
  
  Reply
julie flores
July 16, 2013 at 3:21 pm

sir saan po malalaman ang mga factore rates halimbawa ng 7 m sa pag ibig for 25 years can you give me a sample computation sir and the site of pag ibig factorate ty

Reply
1. Jay Castillo
  February 12, 2014 at 8:03 am
  
  Hi Julie, will get back to you on this. We are also creating an online home loan calculator that uses parameters from Pag-IBIG. We’ll update you all when this is done.
  
  Reply
joe
May 24, 2013 at 12:49 pm

hi po…tanong lng po ako kung pano ang computation ng interest rate ng isang lot sa subdivision na kinuha ko for two years. But sad to say na hinto yung payment ko last January 2012. sopposed to be matatapos sana MAy 9, 2013.

Reply
mhel
April 23, 2013 at 12:17 pm

hi sir, can u please post factor rate at 24%, 30% and 32%? thank u very much!

Reply
1. Jay Castillo
  April 23, 2013 at 6:52 pm
  
  Hi Mhel, okay will add asap…
  
  Reply
2. Jay Castillo
  February 12, 2014 at 8:01 am
  
  Hi Mhel, you can now compute for this using the online amortization factor calculator we just created. Please try and let me know what you think. Thanks.
  
  Reply
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Alex
April 28, 2012 at 9:07 am

Thanks!

Reply
1. Jay Castillo
  February 23, 2013 at 1:24 am
  
  You’re welcome Alex!
  
  Reply
Jessicarey19
April 1, 2012 at 5:22 pm

Hi, may i ask for the factor rate of 1 and a half year..thank you

Reply
1. eson
  July 14, 2014 at 4:52 pm
  
  hi jes simply divide your total monthly ammort to principal loan ammount to get factor rate. to compute montly ammortization multiply principal ammount into interest rate x term + principal ammount devided by terms.
  
  ex; Pa; 1M * 1.5% = ____ * 18 + 1M / 18 = ____ m.a
  
  for factor rate at 1 and half or 18 mos ; monthly ammort / 1M principal amt = factor rate.
  
  Reply
Toperior_bong
January 23, 2012 at 10:20 am

THANKS FOR THE INFO SIR

Reply
1. Jay Castillo
  February 12, 2014 at 8:01 am
  
  You’re welcome!
  
  Reply
joane
January 18, 2012 at 11:37 pm

hi
you can give me a factor rate @ 23%

Reply
joane
January 18, 2012 at 11:33 pm

hi you can give factor rate at 23% thanks

Reply
joane
January 18, 2012 at 11:15 pm

hi you have factorate 23%

Reply
1. Jay Castillo
  February 12, 2014 at 8:00 am
  
  Hi Joane, you can compute for this using the online amortization factor calculator we just created. Please try and let me know what you think.
  
  Reply
Vhik
January 11, 2012 at 2:57 pm

Are these amortization factor rates used in the in-house financing of the developers or are these the rates used in the bank financing schemes?

Reply
1. Jay Castillo
  February 12, 2014 at 7:58 am
  
  Most probably, unless they use a straight line method or other method.
  
  Reply
Jornelle0228
December 17, 2011 at 1:29 am

i just want to know if there’s a law that tells that this is the right formula in any terms of loan..even if u loan from the owner of the house that u’r going to buy?

Reply
1. Jay Castillo
  December 30, 2011 at 9:48 pm
  
  Hi Jornelle,
  
  I believe there’s no law that imposes the amortization formula to be used for loans. This is just one of the many methods or standards that can be used. I suppose it is up to the lender to decide which method to use. I hope I have answered your question. Thanks for dropping by, cheers!
  
  Reply
OWNER
May 4, 2011 at 2:28 pm

wow! thank you so much sir this is what i have been looking for yehey!!! 🙂

Reply
1. Jay Castillo
  December 2, 2011 at 4:21 pm
  
  Thanks!
  
  Reply
jon
April 11, 2011 at 12:14 pm

Excellent update, sir! thanks very much. I have this page bookmarked 🙂 Keep up the good work.

Reply
1. Jay Castillo
  December 2, 2011 at 4:21 pm
  
  Thanks Jon!
  
  Reply
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