Mortgage Payment Calculations for 4.50%:

4.5% for $100,000 - 30 Years Fixed Mortgage - $507
4.5% for $200,000 - 30 Years Fixed Mortgage - $1,013
4.5% for $300,000 - 30 Years Fixed Mortgage - $1,520
4.5% for $400,000 - 30 Years Fixed Mortgage - $2,027

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Chart of Payments for 4.50% Mortgage Rates

Loan Amount
Rate
Years
Payment
$100,000
4.5%
30
$507
$150,000
4.5%
30
$760
$200,000
4.5%
30
$1,013
$250,000
4.5%
30
$1,267
$300,000
4.5%
30
$1,520
$350,000
4.5%
30
$1,773
$400,000
4.5%
30
$2,027
$450,000
4.5%
30
$2,280
$500,000
4.5%
30
$2,533

 

This is Old News when rates were higher than today........

...Per CNNMoney.com Lowering Mortgage Rates to 4.5% may not be the answer to saving the real estate market. While Treasury officials are not saying, lobbyists said Thursday it is aimed at reducing rates to 4.50%. The 4.5% rate would only apply to peope buying homes, not refinancing.

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