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Mortgage Amortization Calculator and Amortization Table Creator

This calculator will determine your monthly payment, show you the total interest you will pay over the period of your mortgage and create a mortgage amortization table for the period you specify below.

Mortgage and Real Estate CalculatorsOnline Mortgage Calculators
    Mortgage Payment Calculator | Mortgage Qualifier-Eligibility Calculator | Income Required to Qualify Calculator | Amortization Table Creator | Land Transfer Tax Calculator

How does the Bank of Canada Set the Prime Rate & Interest Rates?

Instructions: First enter your mortgage details and click Calculate button. Then you may click the "Create Amortization Table" button, Enjoy! Mark
First Payment Year  
Mortgage Amount  
Interest Rate   %
Mortgage Length   Years
Payment Frequency  
   
Payment Amount  
Total Interest  
 
 

 

I have to point out something.  If you change the payment frequency in the above table to something other than monthly, the program uses the same amortization of 25 years and lets the calculated payment amount float accordingly.  The best way to ensure that if you pay weekly or bi-weekly is to use the accelerated payments method.  This means that you take the monthly payment, divide by 4 and that becomes your weekly payment.  This way you make 52 weekly payments per year, which is actually 13 monthly payments and not only will you save many thousands in interest but you will pay off your mortgage about 6 years sooner than you would normally do so with monthly payments and a 25 year amortization.


Please note that the Amortization Calculator is provided for informational purposes. Although the amortization table produced is extremely precise the figures provided are estimates only.  You should consult your lender for precise amortization tables for your particular mortgage.  Also found here is information on mortgages, mortgage calculator, mortgage rates, real estate property listings, remax realtors, mortgage calculators, real estate listings, house for sale

Mortgage and Real Estate CalculatorsOnline Mortgage Calculators
    Mortgage Payment Calculator | Mortgage Qualifier-Eligibility Calculator | Income Required to Qualify Calculator | Amortization Table Creator | Land Transfer Tax Calculator

How does the Bank of Canada Set the Prime Rate & Interest Rates?

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Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale  | All Pages including Mississauga Real Estate Blog all maintained by info@mississauga4sale.com Copyright © A. Mark Argentino, P.Eng., Broker, RE/MAX Realty Specialists Inc., Brokerage, Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434  Google  First created - Tuesday, July 16th, 1996 at 3:48:41 PM - Last Update of this website: Monday, October 16, 2017 9:47 AM
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