| Used formula from http://mathforum.org/library/drmath/view/54636.html | |||||||
| Used lowest rate for 30 yr fixed mortgage in Boston from bankrate.com on Dec 15, 2005 (5.764%) rounded to nearest quarter percent | |||||||
| Down Payment | 20.00% | 75,000.00 | |||||
| APR | r | m | P | R | Decrease | Market Correction | Rate Increase |
| 5.75% | 0.47% | 360 | 300,000.00 | 1,722.96 | |||
| 0.25% | 0.02% | 360 | 597,540.87 | 1,722.96 | -79.34% | -5.50% | |
| 0.50% | 0.04% | 360 | 575,971.32 | 1,722.96 | 21,569.55 | -73.59% | -5.25% |
| 0.75% | 0.06% | 360 | 555,488.20 | 1,722.96 | 20,483.12 | -68.13% | -5.00% |
| 1.00% | 0.08% | 360 | 536,028.13 | 1,722.96 | 19,460.06 | -62.94% | -4.75% |
| 1.25% | 0.10% | 360 | 517,531.80 | 1,722.96 | 18,496.33 | -58.01% | -4.50% |
| 1.50% | 0.12% | 360 | 499,943.66 | 1,722.96 | 17,588.14 | -53.32% | -4.25% |
| 1.75% | 0.14% | 360 | 483,211.69 | 1,722.96 | 16,731.98 | -48.86% | -4.00% |
| 2.00% | 0.17% | 360 | 467,287.13 | 1,722.96 | 15,924.56 | -44.61% | -3.75% |
| 2.25% | 0.19% | 360 | 452,124.31 | 1,722.96 | 15,162.82 | -40.57% | -3.50% |
| 2.50% | 0.21% | 360 | 437,680.40 | 1,722.96 | 14,443.91 | -36.71% | -3.25% |
| 2.75% | 0.23% | 360 | 423,915.22 | 1,722.96 | 13,765.18 | -33.04% | -3.00% |
| 3.00% | 0.25% | 360 | 410,791.09 | 1,722.96 | 13,124.13 | -29.54% | -2.75% |
| 3.25% | 0.27% | 360 | 398,272.64 | 1,722.96 | 12,518.45 | -26.21% | -2.50% |
| 3.50% | 0.29% | 360 | 386,326.67 | 1,722.96 | 11,945.97 | -23.02% | -2.25% |
| 3.75% | 0.31% | 360 | 374,922.00 | 1,722.96 | 11,404.67 | -19.98% | -2.00% |
| 4.00% | 0.33% | 360 | 364,029.34 | 1,722.96 | 10,892.66 | -17.07% | -1.75% |
| 4.25% | 0.35% | 360 | 353,621.16 | 1,722.96 | 10,408.18 | -14.30% | -1.50% |
| 4.50% | 0.37% | 360 | 343,671.59 | 1,722.96 | 9,949.57 | -11.65% | -1.25% |
| 4.75% | 0.39% | 360 | 334,156.30 | 1,722.96 | 9,515.29 | -9.11% | -1.00% |
| 5.00% | 0.41% | 360 | 325,052.41 | 1,722.96 | 9,103.89 | -6.68% | -0.75% |
| 5.25% | 0.43% | 360 | 316,338.38 | 1,722.96 | 8,714.03 | -4.36% | -0.50% |
| 5.50% | 0.45% | 360 | 307,993.94 | 1,722.96 | 8,344.44 | -2.13% | -0.25% |
| 5.75% | 0.47% | 360 | 300,000.00 | 1,722.96 | 7,993.94 | 0.00% | 0.00% |
| 6.00% | 0.49% | 360 | 292,338.60 | 1,722.96 | 7,661.40 | 2.04% | 0.25% |
| 6.25% | 0.51% | 360 | 284,992.79 | 1,722.96 | 7,345.81 | 4.00% | 0.50% |
| 6.50% | 0.53% | 360 | 277,946.61 | 1,722.96 | 7,046.18 | 5.88% | 0.75% |
| 6.75% | 0.55% | 360 | 271,185.01 | 1,722.96 | 6,761.59 | 7.68% | 1.00% |
| 7.00% | 0.57% | 360 | 264,693.81 | 1,722.96 | 6,491.20 | 9.41% | 1.25% |
| 7.25% | 0.58% | 360 | 258,459.60 | 1,722.96 | 6,234.21 | 11.08% | 1.50% |
| 7.50% | 0.60% | 360 | 252,469.76 | 1,722.96 | 5,989.84 | 12.67% | 1.75% |
| 7.75% | 0.62% | 360 | 246,712.35 | 1,722.96 | 5,757.41 | 14.21% | 2.00% |
| 8.00% | 0.64% | 360 | 241,176.10 | 1,722.96 | 5,536.25 | 15.69% | 2.25% |
| 8.25% | 0.66% | 360 | 235,850.38 | 1,722.96 | 5,325.72 | 17.11% | 2.50% |
| 8.50% | 0.68% | 360 | 230,725.13 | 1,722.96 | 5,125.26 | 18.47% | 2.75% |
| 8.75% | 0.70% | 360 | 225,790.83 | 1,722.96 | 4,934.30 | 19.79% | 3.00% |
| 9.00% | 0.72% | 360 | 221,038.50 | 1,722.96 | 4,752.33 | 21.06% | 3.25% |
| 9.25% | 0.74% | 360 | 216,459.64 | 1,722.96 | 4,578.86 | 22.28% | 3.50% |
| 9.50% | 0.76% | 360 | 212,046.20 | 1,722.96 | 4,413.44 | 23.45% | 3.75% |
| 9.75% | 0.78% | 360 | 207,790.57 | 1,722.96 | 4,255.63 | 24.59% | 4.00% |
| 10.00% | 0.80% | 360 | 203,685.53 | 1,722.96 | 4,105.04 | 25.68% | 4.25% |