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Online Mortgage Calculators		Mortgage Payment Calculator | Mortgage Qualifier-Eligibility Calculator | Income Required to Qualify Calculator | Amortization Table Creator | Land Transfer Tax Calculator

Instructions: First enter your mortgage details and click Calculate button. Then you may click the "Create Amortization Table" button, Enjoy! Mark

First Payment Year   2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Mortgage Amount   Interest Rate   % Mortgage Length   25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 Years Payment Frequency   Monthly Semi-Monthly Bi-Weekly Weekly     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.

Online Mortgage Calculators		Mortgage Payment Calculator | Mortgage Qualifier-Eligibility Calculator | Income Required to Qualify Calculator | Amortization Table Creator | Land Transfer Tax Calculator

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Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale  All Pages including SiteMap, Add URL , Mississauga Real Estate Blog and Guestbook maintained by A. Mark Argentino, mark@mississauga4sale.com Copyright © A. Mark Argentino, P.Eng., Broker, RE/MAX Realty Specialists Inc., Brokerage, Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434  First created - Tuesday, July 16th, 1996 at 3:48:41 PM -
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