Mortgage can change in the future. Use Add Change button to add up to three mortgage changes
Plot of monthly payments on your mortgage.
An amount between the dashed and solid lines is interest paid each month to a bank.
At the begining of the term of a mortgage, monthly payments include a lot of interest. With each month, the amount of repaid principal increases.
The ratio of interest and princial in a monthly payment can be affected by a change in your mortgage (interest rate, length of term, lump sum paid).