Mortgage Amortization

Calculate payment schedule for your mortgage. Use this calculator to find out how principal change during mortgage term.

Asking Price:

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Down Payment:

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Interest Rate:

% * Invalid

Mortgage Term:

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Amortization :

Years * Invalid

First Time Home Buyer

Yes

Standard Premium

Self Employed

Payment Frequency:

Weekly (52 payment/year)

Bi-Weekly(26 payment/year)

Monthly (12 payment/year)

Accelerated Weekly (52 payment/year)

Accelerated Bi-Weekly (26 payment/year)

Down Payment:

Amount Financed (+CMHC):

Each Payment:

Principal Paid at Term:

Balance at Term:

Interest paid at Amortization Period:

Payment Schedule:

Interest is compounded semi-annually not in advance. The Interest rate is fixed for the term of the mortgage. The interest rate is usually renegotiated at the end of the term of the mortgage. This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Shabbir Khokher

Sales Representative

Re/Max Royal Properties Realty Ltd, Brokerage

Independently owned and operated.

Shabbir.khokher@gmail.com

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