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Housing Loan Amortization Factor (In Years)

Principal and Interest Only

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Note:
If the the loan term is 2 yrs, the re-pricing period of every 5 years is not available to the borrower considering that this is unfavorable to him.
However, if the loan term is more than 3 years, the re-pricing period of every 5 years is now available to the borrower. This option may become favorable
lunfavorable depending on the status of the market upon re-pricing at the end of the 3rd year. The option is given to the borrower depending on his risk tolerance.
This set-up is also applicable to the following scenario:
Loan Term Available Re-pricing Period
> 1 year 1
> 3 years 1, 3 & 5
> 5 years 1, 3, 5, & 10
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> 1 years
> 15 years
1, 3, 5, 10, & 15
1, 3, 5, 10, 15, & 20
> 20 years 1, 3, 5, 10, 15, 20, & 25
> 25 years 1,3,5,10,15,20,25, & 30

Instruction in using the above amortization factor table:

To get the applicable monthly amortization for a certain loan amount, simply perform the following:
1. Determine the loan amount: 6,000,000.00
2. Determine the loan term: 18 years
3. Determine the re-pricing period: 1-year
4. Get the corresponding amortization from the table above using the preferred loan term and re-pricing period: 0.007303164
5. Multiply the loan amount with the corresponding amortization factor to get the monthly amortization: 43,818.9816

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