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How Interest Rates Affect a Mortgage
By Barrett Property Management - Sunday, February 10, 2013
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. back
