Amortization Factor Table
The table below is a Mortgage Interest Amortization Factor Table. The way to use it is simple. Find your interest rate in the first column on the left. Then find your loan length along the top. The number in the middle of the table where the row and column meet is your loan Factor–that is, the cost for each $1,000 of your mortgage. Plug this into line (7) in this What-You-Can-Afford calculation and presto change-o, you’ve got yourself an affordability ceiling!