Should I lock my mortgage for 5 years fixed with 35 years amortization period before march 2011?

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anonymous

How much more is 30 years amortization vs 35 years?

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	Q. What is the maximum amortization period in canada for a 5 year fixed mortgage?
	"In canada the maximum amortization period for a 5 year fixed mortgage is 35 years..." In Canada the maximum amortization period for a 5 year fixed mortgage is 35 years. Some banks only have the 25 and 30 years amortization for 5 years fixed mortgage. This answer closely relates to: 35 year amortization vs 25 year amortization What would be the monthly payment for a 450,000 5 years fixed mortgage with 25 years amortization period? How big of a different in monthly payments if i get a 300,000 mortgage for a 5 year fixed rate with 25 or 35 years amortization? 30 year amortization locked 5 years at a time How do i calculate a month payment amount if the mortgage i need is 345,000 and the interest rate is 3.45% fire years fixed with 25 years amortization? How do i calculate monthly mortgage payments on a 400,000 mortgage for 4 years fixed and 30 years amortization? 30 year mortgage vs 35 years mortgage Should i break my 5 years fixed mortgage of 5.4% and move to a 3.69% 5 years fixed mortgage rate? What is the maximum years of amortization for the mortgage? Comment Reply Report 2 0

Q. How do i calculate monthly mortgage payments on a 400,000 mortgage for 4 years fixed and 30 years amortization?

"The monthly mortgage payment on a 400,000 loan for..."

The monthly mortgage payment on a 400,000 loan for 30 years amortization period for 5 year fixed mortgage 3.7% rate is $1,834.76. It will cost you 260,000 in mortgage interest if will take that long for you to pay the mortgage. Remember that most of the interest paid in the first 5 years of your mortgage. In order to speed up the payent process you can do double payments or biweekly. If you take the same mortgage with biweekly payments your biweekly payment will be $ 846.11 which is $142 less per month.

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Q. How do i calculate monthly interest payment on a 300,000 5 year fixed mortgage with 25 years amortization?

"If you want to obtain a 300,000 mortgage for 5 years fixed mortgage with..."

You will pay $ 1,576.43 a month if you want to obtain a 300,000 mortgage for 5 years fixed mortgage with 25 years amortization period. THe calculation was done on the average rate of 2.99 percent for 5 years fixed mortgage.

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