Loan Amount
Mortgage Term
1
2
3
4
5
6
7
8
9
10
Yrs
0
1
2
3
4
5
6
7
8
9
10
11
Mos
Interest Rate
Amortization
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Yrs
0
1
2
3
4
5
6
7
8
9
10
11
Mos
See
Current Mortgage Rates
Print Schedule
for 1 Year
2 Years
3 Years
4 Years
5 Years
10 Years
15 Years
20 Years
25 Years
Extra Mthly Pmt
START Month
January
February
March
April
May
June
July
August
September
October
November
December
Extra Annual Pmt
CDN
-
or
US
-
$700
Monthly Payment
$0
+ $0
Extra per month
Extra per year
$5,005
Principal Paid - 36 Months
$20,211
Interest - 36 Months
$94,995
Balance - 36 Months
$110,039
Interest - Life of Mtg
Canadian Calculation - Compounding Semi-Annually
A
$100,000 mortgage for a term of 36 months,
amortized over 300 months at 7.00 % cmpd sa
Month
Days
Interest
Payments
Principal
Payments
Extra
Payments
Balance
1
Jan - 31
$586
$114
$0
$99,886
2
Feb - 28
$529
$172
$0
$99,714
3
Mar - 31
$584
$116
$0
$99,598
4
Apr - 30
$565
$136
$0
$99,462
5
May - 31
$583
$118
$0
$99,345
6
Jun - 30
$563
$137
$0
$99,208
7
Jul - 31
$581
$119
$0
$99,089
8
Aug - 31
$581
$120
$0
$98,969
9
Sep - 30
$561
$139
$0
$98,830
10
Oct - 31
$579
$121
$0
$98,709
11
Nov - 30
$560
$141
$0
$98,568
12
Dec - 31
$578
$123
$0
$98,445
13
Jan - 31
$577
$123
$0
$98,322
14
Feb - 28
$520
$180
$0
$98,142
15
Mar - 31
$575
$125
$0
$98,016
16
Apr - 30
$556
$145
$0
$97,872
17
May - 31
$574
$127
$0
$97,745
18
Jun - 30
$554
$146
$0
$97,599
19
Jul - 31
$572
$128
$0
$97,470
20
Aug - 31
$571
$129
$0
$97,341
21
Sep - 30
$552
$148
$0
$97,193
22
Oct - 31
$570
$131
$0
$97,062
23
Nov - 30
$550
$150
$0
$96,912
24
Dec - 31
$568
$132
$0
$96,780
25
Jan - 31
$567
$133
$0
$96,646
26
Feb - 28
$511
$189
$0
$96,457
27
Mar - 31
$565
$135
$0
$96,322
28
Apr - 30
$546
$154
$0
$96,168
29
May - 31
$564
$137
$0
$96,031
30
Jun - 30
$545
$156
$0
$95,876
31
Jul - 31
$562
$139
$0
$95,737
32
Aug - 31
$561
$139
$0
$95,598
33
Sep - 30
$542
$158
$0
$95,439
34
Oct - 31
$559
$141
$0
$95,298
35
Nov - 30
$540
$160
$0
$95,138
36
Dec - 31
$558
$143
$0
$94,995
Totals
1095 days
$20,211
$5,005
$0
$94,995