|
|
Mortgage 1
|
Mortgage 2
|
Payment frequency |
|
|
Mortgage amount |
200,000
|
200,000
|
Interest rate |
5.00%
|
5.00%
|
Amortization (in months) |
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 (per payment frequency) |
0.00
|
0.00
|
Total payment |
571.78
|
571.78
|
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 |
Include:
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