Amortization Calculator
Understand what your payments would cost over time using this Amortization calculator.
-Yr Fixed
% Interest
% Interest
Principle
Interest
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This calculator provides a broad look at your monthly mortgage payments. To get a personalized quote from an On Q Mortgage Consultant, call 1-866-667-3279.
About This 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.
