February 2007 Net Worth Update (+3.35%)

By FT | February 28, 2007 |

How time flies, it’s time again for a monthly net worth update – The February 2007 edition. No big changes this month, only that we finally got off our butts and used some of our savings to pay off the car loan of ours. Yes, I know, we should have paid that off a LONG…

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Monthly Mortgage Payment Multiplier

By FT | February 1, 2007 |

Here is a handy little table that I found in the book “Personal Finance for Canadians for Dummies” for calculating monthly mortgage payments using a simple multiplier. Interest Rate 15-Year Amortization 25-Year Amortization 5.0% 7.88 5.82 5.5% 8.14 6.1 6.0% 8.4 6.4 6.5% 8.66 6.7 7.0% 8.93 7.00 7.5% 9.21 7.32 8.0% 9.48 7.63 8.5%…

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