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
-
$510
Monthly Payment
$0
+ $0
Extra per month
Extra per year
$7,749
Principal Paid - 36 Months
$10,607
Interest - 36 Months
$92,251
Balance - 36 Months
$52,946
Interest - Life of Mtg
Canadian Calculation - Compounding Semi-Annually
A
$100,000 mortgage for a term of 36 months,
amortized over 300 months at 3.70 % cmpd sa
Month
Days
Interest
Payments
Principal
Payments
Extra
Payments
Balance
1
Jan - 31
$312
$198
$0
$99,802
2
Feb - 28
$281
$229
$0
$99,573
3
Mar - 31
$311
$199
$0
$99,374
4
Apr - 30
$300
$210
$0
$99,164
5
May - 31
$309
$201
$0
$98,963
6
Jun - 30
$299
$211
$0
$98,752
7
Jul - 31
$308
$202
$0
$98,550
8
Aug - 31
$307
$203
$0
$98,348
9
Sep - 30
$297
$213
$0
$98,134
10
Oct - 31
$306
$204
$0
$97,931
11
Nov - 30
$296
$214
$0
$97,716
12
Dec - 31
$305
$205
$0
$97,511
13
Jan - 31
$304
$206
$0
$97,305
14
Feb - 28
$274
$236
$0
$97,070
15
Mar - 31
$303
$207
$0
$96,862
16
Apr - 30
$292
$218
$0
$96,645
17
May - 31
$301
$208
$0
$96,436
18
Jun - 30
$291
$219
$0
$96,217
19
Jul - 31
$300
$210
$0
$96,008
20
Aug - 31
$299
$210
$0
$95,797
21
Sep - 30
$289
$221
$0
$95,576
22
Oct - 31
$298
$212
$0
$95,365
23
Nov - 30
$288
$222
$0
$95,143
24
Dec - 31
$297
$213
$0
$94,929
25
Jan - 31
$296
$214
$0
$94,716
26
Feb - 28
$267
$243
$0
$94,472
27
Mar - 31
$295
$215
$0
$94,257
28
Apr - 30
$284
$225
$0
$94,032
29
May - 31
$293
$217
$0
$93,815
30
Jun - 30
$283
$227
$0
$93,588
31
Jul - 31
$292
$218
$0
$93,370
32
Aug - 31
$291
$219
$0
$93,152
33
Sep - 30
$281
$229
$0
$92,923
34
Oct - 31
$290
$220
$0
$92,703
35
Nov - 30
$280
$230
$0
$92,473
36
Dec - 31
$288
$221
$0
$92,251
Totals
1095 days
$10,607
$7,749
$0
$92,251