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Canadian
Accelerated Bi-weekly Mortgage vs Monthly Mortgage
Principal
You
can also specify:
Interest
Rate (%)
Annual
Taxes
Loan
Term in Years
Annual
Insurance
Result :
Bi-weekly
Taxes
Monthly
Taxes
Bi-weekly Insurance
Monthly
Insurance
Bi-weekly
Mortgage
Monthly
Mortgage
Total
Bi-weekly Payment
Total
Monthly Payment
Bi-weekly
Payments (1 yr)
Monthly
Payments (1 yr)
Actual
Amortization
Actual
Amortization
Total
Bi-weekly Interests
Total
Monthly Interests
Total
Bi-weekly Loan Cost
Total
Monthly Loan Cost
Interest
savings:
(with
an accelerated bi-weekly mortgage.)
The above is
for illustrative purposes only. Canadian Rates are compounded semi-annually
