Calculate the cost of your mortgage payments. Fill in the information below and click Compute Mortgage to show the amount of each installment and the balance after various intervals of time (at the same interest rate).

This is for your information only. Contact your bank or mortgage broker for more accurate information.

	Describe Your Mortgage:
	Length of Term:	- choose term - 6 Months 1 Year 2 Years 3 Years 5 Years 7 Years 10 Years
	Frequency of Payments:	- choose frequency - Monthly Semi-Monthly Bi-Weekly Weekly
	Amortization Period:	Years
	Amount of Mortgage:	(e.g., $350,000)
	Interest Rate:	(e.g., 5.5)

	Your Results:
	Amount of Each Mortgage Payment:
	Balance After 1 Year:
	Balance After 2 Years:
	Balance After 3 Years:
	Balance After 5 Years:
	Balance After 10 Years: