MORTGAGE COMPARISON CALCULATOR
Following is a mortgage comparison calculator to help you make a better judgement call when deciding upon your mortgage payment options


 Step 1
Input mortgage principal, product (or term), rate, amortization and payment frequency, closing date and first payment date.


Step 2
The calculator will provide you with a series of calculations including total principal and interest (P&I), your mortgage balance and total interest paid until end of term


Step 3
You can update the Closing Date and First Payment Date, if you know this information. By clicking on "Amortization" at the bottom, you will be able to view and print an amortization table. This provides you with a breakdown of all principal and interest payments and the amount your mortgage reduces by over the term of your mortgage.


Step 4
Click "Option 2" to copy the information from Base Mortgage.


From here you can compare "Base Mortgage and Option 2 Mortgage" - specifically, different payment frequencies, applying lump sum payments or annual prepayments. You will be able to quantify what your savings will be and which options best suit your needs.

For more detailed instructions, click here.

  Base Mortgage Option 2
Mortgage amount:
$
$
Product:
Promo rate & period:
% Mos
% Mos
Interest rate:
%
%
Amortization:
Yrs Mos /
Yrs Mos /
Payment frequency:
P&I:
Promo    $
Ongoing $
Promo   $
Ongoing $
Funding/renewal date:

(MM DD YYYY)

(MM DD YYYY)
Interest adjustment date/last payment date:

(MM DD YYYY)

(MM DD YYYY)
First payment date:

(MM DD YYYY)

(MM DD YYYY)
Promo expiry date:

(MM DD YYYY)

(MM DD YYYY)
Term:
Yrs Mos /
Yrs Mos /
Maturity date:

(MM DD YYYY)

(MM DD YYYY)
Balance at maturity:
$ / Yrs Mos
$ / Yrs Mos
Interest to maturity:
$
$ / $
Interest to end of maturity:
$
$ / $ $
Revised amortization:
Yrs Mos
Yrs Mos
Revised P&I:
promo $
promo $
Ongoing $
Ongoing $
Reset calculator Auto Calc:

Amortization schedule 		Lump-sum payments
Payment Options

Amortization Schedule