Mortgage Amount: Enter your mortgage amount this is the Principal Loan Balance
Interest Rate (%): Enter the annual interest rate CANADIANS: Add a C (e.g. 7.75C) to use a conversion factor to convert Canadian rates to a US equivalent to use in the calculations.
Amortization Length: Years, typically 30 or 15 in the US, 25 in Canada
Starting Month Year: Select the starting month and enter the year
Show full amortization table? No or Yes (This is a long table)
Pre-payment method options: None: No Prepayments Monthly: Pre-pay a set amount each month Annually: Pre-pay a set amount once each year Bi-weekly A: 26 half paymts/yr - 2 half pre-paymts each 6 months Bi-weekly B: 26 half paymts/yr - 1 full pre-paymt each 12 months One Time: Pre-pay one set amount after a given # of months
Prepayment Amount: Monthly/Annually/One-Time Principal Prepayment Amount
Prepayment after month: One-Time Prepayment to be paid after payment number of months