home  |  site map  |  contact us  | 

Call a Calgary Mortgage Broker Toll-Free 1-866-509-1090

Mortgage Information
Loan Information
Amount : ($)
Interest Rate : (%)
Length : (Yrs)
Financial Analysis (Switch to Plain English)
Monthly Principal & Interest : $1,454.01
Total Monthly Payments : $436,197.77
Total Interests Paid : $186,203.74
 Let Me Print That Form in PDF!

Send to Email Address :
Name :
Phone # :   

Have questions about this mortgage calculator? Looking for ways to bring your payments down?

Call Pro Link Mortgage Toll-Free @ 1-866-509-1090 and let us help you find a mortgage that is right for you.

Plain English Help (Switch to Financial Analysis)

If you live in Canada and are interested in purchasing a home, you will need to plug in a few numbers in order to determine how much your mortgage payments will be.

If you are interested in purchasing a home for 300,000.00 Canadian dollars and are interested in taking out a loan for $250,000.00 at a 5.000% interest rate for 25 years, you will be required to put down a $75,000.00 down payment (required down payment is 25% of house list price for homes with prices below $400,000 and 35% if property costs more that that value).

This means your monthly payment (principal and interest only) will be $1,454.01. Your total payments will be $436,197.77 for the life of the loan. This means you will pay $186,203.74 in interest.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.



SIGN UP TODAY!
Mortgage News
Delivered to your Inbox
FREE Mortgage Rate Update
Subscribe

First Name:

Email Address:


Enter the security code shown:



You can unsubscribe anytime.