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Amortization Table

Mortgage amount: maximum $99,999,999.99 The amount originally borrowed from a lender (PRINCIPAL).	$
Payment: Where the same amount of money (principal and interest) is paid to the lender each payment period.	$
Yearly prepayment: The amount of money you wish to pay once a year against the principal. Usually, it is 10% of mortgage amount maximum. If you do not plan to do any prepayments, enter zero.	$
Annual interest rate: maximum 25% The amount charged by a lender to a borrower as "rent" for the use of the lender's money. Interest charges generally accrued as a percentage of the amount borrowed. The interest rate is usually quoted in percent per year.	%
Compounding frequency: Canada=2, USA=12 A number that determines how many times a year the interest rate is calculated ( annually=1, semi-annually=2, monthly=12 ). The more often interest is calculated during a year, the greater the yield to the lender and the more expensive the loan for the borrower.
Payment type:
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