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ASSURANCE HOME LOAN INC. nmls345907
150 Coconut Dr Suite #202
Indialantic, FL 32903
Phone: (321) 728-0101
Fax: (321) 339-1907
Locally Owned and Operating in Florida since 1990
 
 
We Like to Say Yes
 
Reverse Mortgage Experts
 
 
Assurance Home Loan Inc.
 
"Proudly Serving all counties in Florida since"
 
1998
 
 
Reverse Mortgage Experts since
 
2001
Mortgage Calculator     
Calculators Provided by: IMAGEPROWEBSITE.COM

Canadian mortgage calculator

Input Information
Property Information
Home Value : ($)
Loan Information
Amount : ($)
Interest Rate : (%)
Length : (Yrs)

Financial Analysis (Switch to Plain English)
Monthly Principal & Interests : $1,119.09
Total Monthly Payments : $402,869.46
Total Interests Paid : $152,872.69
Down Payment : $50,000.00
Required Down Payment : $75,000.00
Required Income : $41,965.91
Plain English Help (Switch to Financial Analysis)

If you live in Canada and are interested in purchasing a home, you will need to plug in a few numbers in order to determine how much your mortgage payments will be.

If you are interested in purchasing a home for 300,000.00 Canadian dollars and are interested in taking out a loan for $250,000.00 at a 3.500% interest rate for 30 years, you will be required to put down a $75,000.00 down payment (required down payment is 25% of house list price for homes with prices below $400,000 and 35% if property costs more that that value).

This means your monthly payment (principal and interest only) will be $1,119.09. Your total payments will be $402,869.46 for the life of the loan. This means you will pay $152,872.69 in interest.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.