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First Mortgage
Net amount of loan |
Interest rate |
Monthly payment |
Monthly payment |
$100,035.00 |
5.75% |
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Gross amount of loan is $116,000.00
APR is 13.42 %
Balance outstanding at the end of term is $116,000.00
Total cost of credit during 2 year term is $31,123.57
Monthly payment during year 2 is subject to Prime Rate remaining the same as in year 1
Net amount of loan |
Interest rate |
Monthly payment |
Monthly payment |
$150,085.00 |
5.75% |
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Gross amount of loan is $173,000.00
APR is 13.16 %
Balance outstanding at the end of term is $173,000.00
Total cost of credit during 2 year term is $45,522.18
Monthly payment during year 2 is subject to Prime Rate remaining the same as in year 1
Net amount of loan |
Interest rate |
Monthly payment |
Monthly payment |
$200,069.00 |
5.75% |
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Gross amount of loan is $229,800.00
APR is 13.00 %
Balance outstanding at the end of term is $229,800.00
Total cost of credit during 2 year term is $59,760.65
Monthly payment during year 2 is subject to Prime Rate remaining the same as in year 1
Second Mortgage
Net amount of loan |
Interest rate |
Monthly payment |
Monthly payment |
$ 10,021.00 |
8.75% |
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Gross amount of loan is $13,200.00
APR is 21.48 %
Balance outstanding at the end of term is $13,200.00
Total cost of credit during 2 year term is $5,670.11
Monthly payment during year 2 is subject to Prime Rate remaining the same as in year 1
Net amount of loan |
Interest rate |
Monthly payment |
Monthly payment |
$ 50,037.00 |
8.75% |
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Gross amount of loan is $58,900.00
APR is 16.96 %
Balance outstanding at the end of term is $58,900.00
Total cost of credit during 2 year term is $19,978.64
Monthly payment during year 2 is subject to Prime Rate remaining the same as in year 1
Net amount of loan |
Interest rate |
Monthly payment |
Monthly payment |
$100,035.00 |
8.75% |
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Gross amount of loan is $116,000.00
APR is 16.32 %
Balance outstanding at the end of term is $116,000.00
Total cost of credit during 2 year term is $37,856.58
Monthly payment during year 2 is subject to Prime Rate remaining the same as in year 1
Calgary
Phone: (403) 541-0002
Toll Free: 1-877-222-2766
Email : Michael Addams
Edmonton
Phone: (780) 421-1600
Toll Free: 1-866-414-1600
Email : Roy Choma |
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