Payment Frequency* Example based on a $100,000 mortgage, 25-year amortization and 10% interest rate
	Payment	Total Interest Paid	Interrest Savings**	Mortgage-free
Monthly Payment (12 per year)	$895.00	$168,500	n/a	25 years
Biweekly Payment (26 per year)	$447.50***	$118,927	$49,573	18 years, 10 months
Weekly Payment (52 per year)	$223.75***	$4118,111	$50,389	18 years, 9 months
* These are rounded numbers, for illustrative purposes only. ** Assumes an interest rate of 10% for the entire 25 years. *** $895.00 extra paid annually.
source: "Homebuying Step By Step - A Consumer Guide and Workbook" published by the Canada Mortgage and Housing Corporation