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Meridian SEL Financial Corp
244-5th Street
Courtenay, BC
V9N 1J6


Telephone: 250-338-4040
Cell Phone: 250-703-6110
Fax: 250-338-6616
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AMORTIZATION CHART - Monthly Payment Per $1,000.00 of Mortgage
**Most Canadian Mortgages are Ammortized over 25 years.

INTEREST
RATES
LENGTH OF MORTGAGE AMORTIZATION*
20 YRS
25 YRS
5.00%
$6.58
$5.82
5.25%
$6.71
$5.96
5.50%
$6.85
$6.11
5.75%
$6.99
$6.26
6.00%
$7.13
$6.40
6.25%
$7.26
$6.55
6.75%
$7.55
$6.85
7.00%
$7.70
$7.01
7.25%
$7.84
$7.16
7.50%
$7.99
$7.32
7.75%
$8.13
$7.47
8.25%
$8.44
$7.80
8.50%
$8.59
$7.96
8.75%
$8.74
$8.12
9.00%
$8.90
$8.28
9.25%
$9.05
$8.45
9.50%
$9.21
$8.62
9.75%
$9.36
$8.78
10.00%
$9.52
$8.95
10.25%
$9.68
$9.12
10.50%
$9.84
$9.29
10.75%
$10.00
$9.46
11.00%
$10.16
$9.63

To estimate your monthly payment, find the dollar amount beside the mortgage
interest rate (%) that corresponds to the number of years you want to pay off the loan.

 
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