| Mortgage Amount: | |
| Interest Rate | |
| Tenor | |
| Payment Type | |
| Total Interest Paid | |
| Total Repayments |
| Please allow for slight rounding differences. | ||||
| Pmt # | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | 856.07 | 814.40 | 41.67 | 9,185.60 |
| 2 | 856.07 | 817.80 | 38.27 | 8,367.80 |
| 3 | 856.07 | 821.20 | 34.87 | 7,546.60 |
| 4 | 856.07 | 824.63 | 31.44 | 6,721.97 |
| 5 | 856.07 | 828.06 | 28.01 | 5,893.91 |
| 6 | 856.07 | 831.51 | 24.56 | 5,062.40 |
| 7 | 856.07 | 834.98 | 21.09 | 4,227.42 |
| 8 | 856.07 | 838.46 | 17.61 | 3,388.96 |
| 9 | 856.07 | 841.95 | 14.12 | 2,547.01 |
| 10 | 856.07 | 845.46 | 10.61 | 1,701.55 |
| 11 | 856.07 | 848.98 | 7.09 | 852.57 |
| 12 | 856.12 | 852.57 | 3.55 | 0.00 |
| Year 1 | 10,000.00 | 272.89 | ||
| Grand Total | 10,000.00 | 272.89 | ||
Mortgage Amount:This is the amount of money you want to borrow.
Interest Rate:This is the percentage of interest the bank will charge for borrowing you money.
Tenor:This is how long you will be you need the loan for ,it could be in months.
Down Payment:This is the percentage of the cost of purchase for the property you want the mortgage on.This percentage(%) varies by lender.
Total Repayments:This includes all interest and principle.The total assumes all payments are made as scheduled,and there are no prepayments of principle .