How Interest Rates Affect a Mortgage

How Interest Rates Affect a Mortgage
This flyer shows how the fluctuation of interest rates can affect a mortgage payment. The example given includes principal and interest payments on a 30 year fixed rate $150,000 mortgage. At 4% the principal and interest payment would be $716.12, at 5% $760.03, at 6% $899.33 and at 7% $997.95.