Interest vs principal amount paid at the end of first year.

[Hussain]

If I go for a 300K mortgage value what is the ration between interest over principal amount paid at the end of first year fir two cases:
1) 20 years amortization.
2) 30 years amotization.

[SandythePoster]

It depends on where you get the mortgage from and what the interest rate is. You have not added enough information.

Sandy

[RateSupermarket.ca Kelly]

We recently updated the mortgage calculator on RateSupermarket.ca. Now you can clearly see the breakdown between interest and principal on your payments. You can check it out here:

http://www.ratesupermarket.ca/mortgage/rate_calculator/

Hope this helps.

Kelly