|
|
|
|
|
Mortgage 1
|
Mortgage 2
|
| Payment frequency |
|
|
| Mortgage amount |
200,000
|
200,000
|
| Interest rate |
5.00%
|
5.00%
|
| Amortization in months. Maximum value 360. |
300
|
300
|
| Amortization (in years) |
5.00
|
5.00
|
| Term (in months) |
60
|
60
|
| Term (in years) |
5.00
|
5.00
|
| Mortgage payment |
471.78
|
471.78
|
| Extra payment |
0.00
|
0.00
|
| Total payment |
571.78
|
571.78
|
Results
|
Regular Payment
$471.78 |
Higher Payment
$571.78 |
|
| Time to Pay Off | 5.0 yrs | 4.0 yrs |
| Total Interest | $3307 | $2656 |
| Term Interest | ||
| Term Balance |
Payment Schedule
Payment Schedule
Include:
