Variable Rate Raised .25% - Here's what will happen to your payment?

Don't Panic, its really not a big deal as you'll see below but make sure to plan financially for this cyclical trend of increased interest rates to continue slowly over the next 5 to 10 years. 

*** #'s are based on 2.2% going to 2.45%

.25% Increase with a 30 Year Amortization Mortgage

$100,000 + $12/month 
$250,000 + $30/month 
$500,000 + $60/month 
$750,000 + $90/month 
$1,000,000 + $120/month 
$1,500,000 + $180/month 
$2,000,000 + $240/month 
$3,000,000 + $360/month 

.25% Increase with a 25 Year Amortization Mortgage

$100,000 + $13/month
$250,000 + $32/month
$500,000 + $65/month
$750,000 + $98/month
$1,000,000 + $130/month
$1,500,000 + $195/month
$2,000,000 + $260/month
$3,000,000 + $390/month

.25% Increase with a Line of Credit

$100,000 + $21/month
$250,000 + $52/month 
$500,000 + $104/month
$750,000 + $156/month
$1,000,000 + $208/month
$1,500,000 + $312/month
$2,000,000 + $416/month
$3,000,000 + $624/month