Payment amount is determined by loan amount, amortization period, interest rate, and interest compounding period.
In Canada, by law, all fixed rate mortgages are compounded semi-annually. This means that interest is added to the amount you have to repay twice a year.
| Total mortgage ? | |
| Interest rate (%) ? | |
| Interest rate type ? | |
| Term (months) ? | |
| Amortization (years) ? | |
| Results | |
| Monthly payment ? | 0.00 |
| Semi-monthly payment ? | 0.00 |
| Bi-weekly payment ? | 0.00 |
| Accelerated bi-weekly payment ? | 0.00 |
| Weekly payment ? | 0.00 |
| Accelerated weekly payment ? | 0.00 |