The Amortization is the repayment of loan principal and interest through equal payments over a designated time period.

Annual Debt Service (ADS) is the total amount of principal and interest to be paid each year to satisfy the obligations of a loan contract.

Enter the following loan information:

Loan Amount- Enter the dollar ($) amount of the initial loan amount.

Loan Rate- Enter the annual percentage (%) rate of interest paid on the loan.

Loan Amortization- Enter the number of years the loan will be amortized.

Payments per Year- Enter the total number of payments made on the loan each year. If making monthly payments, enter 12.

Once the loan information is entered, tap 'Calculate' to calculate the period payments on the loan and the Annual Debt Service. To Switch between USA and Canadian Mortgage calculation, simply tap the Flag icon in the lower left hand corner of the screen. When the Canadian Flag is visible, Mortgages will be compounded semi-annually. When the USA Flag is visible, Mortgage will be compounded based on the number of payments per year.

Tap 'Generate PDF' to generate a Mortgage Amortization Summary in PDF format showing the amount of interest, principal and loan balance for each year of the loan.