Mortgage

Property Value

Down Payment

Interest Rate

%

Term (Months)

Monthly Mortgage

6,700.370

Periods Principal Paid Interest Paid Remaining Loan
1 4773.7 1926.67 335226.3
2 4800.75 1899.62 330425.55
3 4827.96 1872.41 325597.59
4 4855.32 1845.05 320742.27
5 4882.83 1817.54 315859.44
6 4910.5 1789.87 310948.94
7 4938.33 1762.04 306010.61
8 4966.31 1734.06 301044.3
9 4994.45 1705.92 296049.85
10 5022.75 1677.62 291027.1
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What is Mortgage?

A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.