Cathy Macdonald, AMP, CFP
Mortgage Agent
cathym@mortgagebrokersottawa.com
www.cathymacdonald.ca
c 613-222-6878
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Mortgage Calculators
» Prepayment Analyzer
Prepayment Analyzer
1.
Mortgage Amount
$
2.
Interest Rate
%
3.
Initial Amortization Period
Year(s)
Month(s)
4.
Initial Mortgage Payment
$
5.
Payment Frequency
Monthly
Semi-Monthly
Bi-Weekly
Weekly
Accelerated:
No
Yes
6.
Lump Sum Payment
(Annually)
$
Period:
Year(s)
7.
Mortgage Payment Increase
(Annually)
%
$
Period:
Year(s)
RESULTS
Revised Amortization period
Year(s) and
Month(s).
This also represents a savings of $
in interest.
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Our
Best Rates
Term
Bank Rate
Our Rate
6 Month
4.55%
4.25%
1 Year Closed
3.65%
2.74%
2 Year Closed
3.89%
3.04%
3 Year Closed
3.99%
2.99%
4 Year Closed
4.39%
3.15%
5 Year Closed
4.99%
3.29%
7 Year Closed
5.99%
3.89%
10 Year Closed
6.29%
3.89%
VRM Closed
3.1%
2.90%
Line of Credit
4%
3.50%