Tap to Read ➤

How Much Is That Mortgage Payment? - Mortgage Interest Payment Charts
Bo Kauffmann of RE/MAX performance realty is a residential real estate agent with over 16 yrs of award-winning experience and service in the Winnipeg Real Estate Market
Whether you're buying or selling, a house or a condo in Winnipeg, contact Bo via the attachment slide at the bottom.

"Bo Knows Real Estate"
Call me direct at  (204) 333-2202

Or email me @ boknowshomes@gmail.com

Follow me on Social Media 

Your browser doesn't support HTML5 video.

Home Buyers always ask:

How much will this home cost per month?
Over the next few pages, you'll find some sample mortgage payment charts.  These are based on a 25-yr amortization period.
The 'Amortization Period' is the total length of time it would take a home owner to pay off their mortgage.

Mortgage lenders most commonly offer periods of 25 or 30 yrs, although much shorter time periods are available.

The shorter the time period, the higher the monthly payment.  But also, the quicker you'll have finished paying off your house, and with less interest costs.

The following charts are all based on a 25-year Amortization Period.

Mortgage Payments @ 1.75% & 2.0% A.P.R.
Please Note:

The purpose of this chart is to give the home buyer an idea of the mortgage costs.

Do NOT purchase a home based solely on this chart.  Always check with your professional mortgage broker or experts.

Don't forget about the other costs involved in home ownership.  These include:
  • Electricity & Water
  • Taxes
  • Heating Costs
  • Property Insurance
  • Home Maintenance Costs
In don't forget the 'closing costs' involved in purchasing a home.

Mortgage Payments @ 2.25% & 2.5% A.P.R.
Please Note:

The purpose of this chart is to give the home buyer an idea of the mortgage costs.

Do NOT purchase a home based solely on this chart.  Always check with your professional mortgage broker or experts.

Don't forget about the other costs involved in home ownership.  These include:
  • Electricity & Water
  • Taxes
  • Heating Costs
  • Property Insurance
  • Home Maintenance Costs

In don't forget the 'closing costs' involved in purchasing a home.

Your browser doesn't support HTML5 video.
Subscribe Here

Install this Story on your mobile device for future reference
And when you're ready to buy (or sell) a home in Winnipeg, call Bo Kauffmann of REMAX to help you make your move!

204-333-2202
Subscribe Here
View More Stories