Please note this is a basic mortgage calculator.
The loan amount is the actual amount of money you would be borrowing for your mortgage.
The Interest rate is the rate of interest you will be paying to borrow the money.
The amortization period is the number of years your mortgage will be amortized over.
The term of the mortgage is not set on this calculator, since this is a basic calculator.
If you would like more detailed information please feel free to contact me at 905-428-6272 or 1-888-438-6843.
