A Table Showing How Much Interest is Paid on Various Mortgages

The table below shows how much interest is paid on various mortgages at various rates of interest. All mortgages are amortized (paid off) over 25 years and interest is calculated twice a year. The interest is expressed in three ways: the average annual interest (shown at the top of the cell), the total interest paid over 25 years (shown in the middle of the cell), and the total interest as a percentage of the mortgage (shown at the bottom of the cell). Since over 99 percent of the money you borrow is created in the form of bank credit at the time of taking the mortgage, it makes more sense to regard this interest as an exorbitant accounting fee than as interest paid on pre-existing money. Money, in fact, is mainly accounting. However, it's not quite as bad as it looks. Before using this table reduce your nominal interest rate by about 1.5 percent to allow for inflation. For instance, if you pay 7 percent on your mortage reduce it to 5.5 percent.

Average Annual Interest ($), Total Interest ($), Total Interest as a Percentage of the Mortgage
Interest Rate
Mortgage	5.00%	5.50%	6.00%	6.50%	7.00%	7.50%	8.00%	8.50%	9.00%	9.50%	10.00%
50,000	1,526 38,145 75%	1,704 42,602 84%	1,887 47,164 93%	2,073 51,826 103%	2,263 56,584 112%	2,457 61,436 122%	2,655 66,376 132%	2,856 71,400 142%	3,060 76,505 152%	3,267 81,687 162%	3,478 86,942 173%
60,000	1,831 45,774 75%	2,045 51,123 84%	2,264 56,596 93%	2,488 62,191 103%	2,716 67,901 112%	2,949 73,723 122%	3,186 79,651 132%	3,427 85,680 142%	3,672 91,806 152%	3,921 98,025 162%	4,173 104,330 173%
70,000	2,136 53,403 75%	2,386 59,643 84%	2,641 66,029 93%	2,902 72,556 103%	3,169 79,218 112%	3,440 86,010 122%	3,717 92,926 132%	3,998 99,960 142%	4,284 107,108 152%	4,574 114,362 162%	4,869 121,719 173%
80,000	2,441 61,032 75%	2,727 68,164 84%	3,018 75,462 93%	3,317 82,921 103%	3,621 90,535 112%	3,932 98,297 122%	4,248 106,201 132%	4,570 114,240 142%	4,896 122,409 152%	5,228 130,700 162%	5,564 139,107 173%
90,000	2,746 68,661 75%	3,067 76,684 84%	3,396 84,895 93%	3,731 93,286 103%	4,074 101,852 112%	4,423 110,584 122%	4,779 119,476 132%	5,141 128,520 142%	5,508 137,710 152%	5,881 147,037 162%	6,260 156,495 173%
100,000	3,052 76,290 75%	3,408 85,205 84%	3,773 94,327 93%	4,146 103,651 103%	4,527 113,169 112%	4,915 122,871 122%	5,310 132,751 132%	5,712 142,800 142%	6,120 153,011 152%	6,535 163,375 162%	6,955 173,884 173%
120,000	3,662 91,548 75%	4,090 102,246 84%	4,528 113,193 93%	4,975 124,382 103%	5,432 135,802 112%	5,898 147,445 122%	6,372 159,301 132%	6,854 171,360 142%	7,345 183,613 152%	7,842 196,049 162%	8,346 208,660 173%
140,000	4,272 106,806 75%	4,771 119,286 84%	5,282 132,058 93%	5,804 145,112 103%	6,337 158,436 112%	6,881 172,020 122%	7,434 185,851 132%	7,997 199,920 142%	8,569 214,215 152%	9,149 228,724 162%	9,737 243,437 173%
160,000	4,883 122,064 75%	5,453 136,327 84%	6,037 150,924 93%	6,634 165,842 103%	7,243 181,070 112%	7,864 196,594 122%	8,496 212,402 132%	9,139 228,480 142%	9,793 244,817 152%	10,456 261,399 162%	11,129 278,214 173%
180,000	5,493 137,323 75%	6,135 153,368 84%	6,792 169,789 93%	7,463 186,572 103%	8,148 203,703 112%	8,847 221,168 122%	9,558 238,952 132%	10,282 257,040 142%	11,017 275,419 152%	11,763 294,074 162%	12,520 312,991 173%
200,000	6,103 152,581 75%	6,816 170,409 84%	7,546 188,655 93%	8,292 207,303 103%	9,053 226,337 112%	9,830 245,742 122%	10,620 265,502 132%	11,424 285,600 142%	12,241 306,021 152%	13,070 326,749 162%	13,911 347,767 173%
225,000	6,866 171,653 75%	7,668 191,710 84%	8,489 212,237 93%	9,329 233,216 103%	10,185 254,629 112%	11,058 276,460 122%	11,948 298,690 132%	12,852 321,301 142%	13,771 344,274 152%	14,704 367,593 162%	15,650 391,238 173%
250,000	7,629 190,726 75%	8,520 213,011 84%	9,433 235,819 93%	10,365 259,128 103%	11,317 282,921 112%	12,287 307,178 122%	13,275 331,878 132%	14,280 357,001 142%	15,301 382,527 152%	16,337 408,436 162%	17,388 434,709 173%
275,000	8,392 209,798 75%	9,373 234,313 84%	10,376 259,401 93%	11,402 285,041 103%	12,449 311,214 112%	13,516 337,896 122%	14,603 365,065 132%	15,708 392,701 142%	16,831 420,780 152%	17,971 449,280 162%	19,127 478,180 173%
300,000	9,155 228,871 75%	10,225 255,614 84%	11,319 282,982 93%	12,438 310,954 103%	13,580 339,506 112%	14,745 368,613 122%	15,930 398,253 132%	17,136 428,401 142%	18,361 459,032 152%	19,605 490,124 162%	20,866 521,651 173%

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