| Mortgage Payment Calculator | ||||||||
| Compound Period | 12 | Enter 12 for US mortgages and 2 for Canadian mortgages. | ||||||
| Mortgage Information | Option #1 | Option #2 | Option #3 | Option #4 | Option #5 | |||
| Loan Amount | 150000 | |||||||
| Annual Interest Rate | 0.06 | |||||||
| Term of Loan (in Years) | 30 | |||||||
| PAYMENT | ||||||||
| Monthly Interest Rate | 0.004999999999999893 | --- | --- | --- | --- | |||
| Monthly Payment (PI) | 899.3257877291193 | --- | --- | --- | --- | |||
| Extra Monthly Payment | ||||||||
| Total MONTHLY PAYMENT | 899.3257877291193 | --- | --- | --- | --- | |||
| TOTALS | ||||||||
| Number of Payments | 359.99999999999653 | --- | --- | --- | --- | |||
| Number of Years to Payoff | 29.999999999999712 | --- | --- | --- | --- | |||
| Total Payments | 323757.2835824798 | --- | --- | --- | --- | |||
| Total INTEREST | 173757.2835824798 | --- | --- | --- | --- | |||
| BALANCE at Year ? | 1 | 1 | 1 | 1 | 1 | |||
| Outstanding Balance | 148157.98243158488 | --- | --- | --- | --- | |||
| Interest Paid | 8949.891884334313 | --- | --- | --- | --- | |||
| Original Down Payment | 10000 | |||||||
| EQUITY | 11842.017568415118 | --- | --- | --- | --- | |||