Amortization Calculator

Use your particular scenario to make a quick estimate of how your loan would amortize over the next 15 to 30 years. To help you use the calculator, we’ve described each input of the calculator below:

Loan Amount

This refers to the amount of money you will need to fund the purchase of your home. This amount is different from the cost of your home and represents how much you will owe after you have paid your down payment.

Interest Rate

This number represents the cost of lending. The interest rate is the amount you’ll pay on the outstanding balance of your mortgage. Factors in the housing market and your mortgage lender decide this cost. If you’d like to discover what your interest rate could be, contact an On Q Financial Mortgage Consultant today.

Start Date

Your start date is the day you sign all the necessary documents, and your lender approves funding. You, your realtor, and your title company will decide and set the day you transfer all legal ownership of the property.