	Stuart McKerrow smckerrow@sutton.com Sutton Group - Associates Realty Inc., Brokerage Independently owned and operated. 358 Davenport Road, Toronto, Ontario M5R 1K6 Office: 416-966-0300 \| Fax: 416-966-0080 \| Cell: 416-856-6810

Mortgage Amortization

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

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Down Payment:

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Interest Rate:

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Mortgage Term:

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Amortization :

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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.

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