What if the Interest Rate Goes Up?

by Sara Driscoll on November 21, 2011

in Financial

calculator and house1 300x225 What if the Interest Rate Goes Up?

How Much is the Mortgage Payment Affected by a Higher Interest Rate?

This calculates how much a house payment could increase when interest rates rise. This analysis assumes that a borrower can qualify for a higher monthly payment. If the borrower cannot qualify for a higher payment, the form shows how much additional down payment is required if the rate goes up to purchase that specific home.

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