PAYMENT CALCULATOR

Payment Calculator

Property Cost

Purchase price

Down payment

Mortgage Required

Mortgage Details

Frequency

Rate

Term

Amortization

Your Mortgage
PAYMENT
CMHC Premium
Term Principal
Term Interest
Term Interest + Principal
End of Term Balance

Your Mortgage Story

You want to buy a property for . You will put down and will need a mortgage of . You will make payments of for at a rate of . Your mortgage will be paid off in .

Mortgage Amortization Payment

AMORTIZATION SCHEDULE

Period Payment Principal Interest Balance
{Period} {Payment} {Principal} {Interest} {Balance}

APPLY PREPAYMENTS

By making prepayments, the amount of time it will take to pay off your mortgage will be reduced by 0 Year(s) and 0 Month(s), which also represents a total savings of 0 in interest.

Period Payment Principal Interest Balance
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COMPARE SCENARIOS

Scenario 1

Scenario 2

Scenario 3

Mortgage Amount

Amortization

Interest Rate

Mortgage Term

Payment Frequency

Payment Amount

$ 0.00
$ 0.00
$ 0.00

Term Interest Cost

$ 0.00
$ 0.00
$ 0.00

End of Term Balance

$ 0.00
$ 0.00
$ 0.00

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Richard Mewhinney