Input values in the white boxes.
When available, make selection from drop down list.
You may alter the regular payment provided by inputting a Custom Payment in the box provided.
You may enter a unique payment in the Mortgage Table tab.
Go to the Report tab to view the results of the calculator.
Time Horizon
Input the length of time you wish to analyze using this model.
Current Property Value
Input the current market value of the property.
Property Value Annual Growth Rate
Input the percentage rate that property values will grow annually.
Amortization
Input the number of years that it will take to repay the mortgage.
Current Owner’s Equity
This is the amount of equity that the home owner has, the property value less the mortgage balance.
Mortgage Balance
Input the amount of the initial or current mortgage balance.
Interest Rate Type
Choose which type of interest rate your mortgage will have.
Interest Rate
Input the annual interest rate stated by the lender.
Amortization
Input the number of years that it will take to repay the mortgage.
Payments per Year
Choose how frequent you will make mortgage payments
Term
Input the number of years the current mortgage term will be.
Payment
This is the regular payment amount you will be pay according to the variables chosen.
Custom Payment
You may alter the regular payment by entering the desired payment amount in this box. Return to the default payment by entering a ZERO value.
Skip a Payments per Year
Input the number of skipped payments every year.
Double Up Payment Amount
Input the amount of each double up payment to be made. Enter “MAX” to automatically fully double up these
payments.
Double Ups per Year
Input the number of double up payments made every year.
Lump Sum Payment Amount
Input the amount of the regular annual lump sum payment that will be made every year.
Annual Percentage Increase
Input the percentage amount that the regular payment will be increased by every year.
Unique Payment
Input the amount of each unique payment to be made only in the chosen year.
Fixed Rates in Canada are compounded semi-annually, all other rate types in Canada are compounded at the payment frequency.
All calculations are made on the assumption that the year is divided equally by the amount of payments made per year.
Double up payment(s) are applied to the first payment(s) of the year.
Skips are applied on the final payment(s) of the year.
Lump Sum payments and Unique payments are applied to the final balance of a year.
All results are calculated based on the input variables provided by the user, and assumptions that are believed to be reasonable. EdmontonMortgageBroker.com does not make any express or implied warranties with respect to the information or results in connection to this, or any other calculator. EdmontonMortgageBroker.com will not be held liable for any losses or damages resulting from any errors or omissions in any information or results, or any action or decision made by users in reliance on any information or results.