![]() Now, let’s see how much it would be with semi-monthly, bi-weekly, and weekly mortgage payments. The monthly mortgage payment would be $2,000. Let's compare mortgage payment frequencies by looking at a $500,000 mortgage in Ontario with a 25-year amortization, and assume that it has a fixed mortgage rate of 1.5% for a 5-year term. Accelerated payment frequencies are also available.
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