The manner the question is posted looks like this is a homework for school. there are many calculators avalable to answer this question. Visit my website www.victorcatalan.ca and plug in the numbers so you can get the answer. You need to understand how this question will be translated to the calculator to get the answer.

Hello Drusilla, the mortgage payment calculations for $250,000 mortgage are as follows. 5yr fixed rate at 4.19%, with 25 year amortization = $1340.93, 5yr fixed rate at 4.19% with 35 year amortization = $1130.13. The mortgage payment for the 5yr variable at 1.9%, with 25 amortization = $1046.50 and a 5yr variable at 1.9%, with 35 year amortization = $814.43. These rates are accurate as of June 10 2010. Please contact me if you would like up to date rate quotes across Canada anytime at 1-866-728-3708 x 115.

Federal Government`s new rules March 18/2011 If you`re able to port your mortgage and keep it the exact same amount, you can hold onto the 35-year amortization? What about the interest rate does that also stay the same?