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Cash-Back Analysis
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| Input: |
- Mortgage Amount
- Mortgage Term
- % Cash Back you have been offered
|
and see the balance owing at the end of the term with
different options. |
|
| Mortgage Amount |
$ |
Term (years) |
|
| % Cash Back |
|
|
| Posted Rate |
|
| Mortgage Depot Rate |
|
| Payment Frequency |
Cash (i) |
Payment |
Cash Back (ii) |
Re-apply (iii) |
Mortgage Depot (iv) |
| Monthly |
|
|
|
|
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| Semi-monthly |
|
|
|
|
|
| Bi-weekly Accelerated |
|
|
|
|
|
| Weekly Accelerated |
|
|
|
|
|
(i) Cash - The amount of cash you will receive under a cash
back program
|
(ii) Cash Back - The balance owing after year(s) if you take cash back and spend it
|
(iii) Re-apply - The balance owing after year(s) if you re-apply cash back against your
mortgage
|
(iv) Mortgage Depot - The balance owing after year(s) if you take Mortgage Depot's best
rate
|
