Mortgage Calculator

Mortgage Calculator

This Mortgage Calculator will help you determine a payment schedule for the life of a mortgage.

Mortgage terminology:

• Amortization is the process of gradually reducing a debt through instalment payments of principal and interest
• Interest is the surcharge on the repayment of a debt – this is how the lender is paid for the borrowed money.
• A Payment Schedule is frequency of your payments, which can have a desirable effect on how fast your mortgage is paid off.
• A Mortgage Term is the length of which a lender agrees to loan mortgage funds to a borrower.

For a more in-depth mortgage calculator, please visit CanEquity’s Morgage Calculator. (link will open in a new window)