Mortgage Analyzer
We all have a comfort level of what we can afford monthly for housing costs. Our Mortgage Analyzer allows you to take a closer look at some factors that affect how affordable a mortgage can be.
For example, you can see the effect of different interest rates on affordability, or see how different mortgage amortizations (for example 25 years versus 35 years) impacts the mortgage payment. You can include mortgage fees in your calculations. You can also compare mortgages based on payment type (weekly, bi-weekly, accelerated weekly, accelerated bi-weekly, semi-monthly or monthly).
With the Mortgage Analyzer calculator, view graphs of your principal reduction over time, or of your total principal and interest payments over the life of the loan. Looking for more in depth information? Simply click "View Report" to see a detailed breakdown of payments, interest paid and principal paid for each year of the mortgage. Or, if you prefer, a breakdown of payments, interest paid and principal paid for each month of the mortgage.
The report can also include a summary of the results of a particular mortgage prepayment – find out how much you can save on a mortgage, or how much faster you can pay it off.
Interested in learning more about mortgage affordability and how you can stretch your housing dollar or get the most from your mortgage strategy? Turn to an Invis mortgage broker, who can walk you through your current mortgage options and help you determine which one fits you and your family.
