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How much will my mortgage payment be?

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How much will my mortgage payment be?
I was wanting to know how much my monthly mortgage payment will be. What main factors are used to determine the amount?


By Canadalend
Hi there,
Thank you for your question.
The main factors that will determine your mortgage payment are obviously the mortgage amount, the rate of interest and the amortization period of that mortgage. 
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Level 3 (XP: 650)
6 months ago
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Level 3 (XP: 650)
9 months ago
Thank you for your comments remember to visit the Canadalend website for more information about the services we provide
Level 6 (XP: 2500)
The amortization period on a loan is the time that has been determined that the mortgage will be payed off in full. For home mortgages, this is typically 20+ years....
Level 3 (XP: 650)
last year
What is the "amortization period"?


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