Is there a debt instrument I can use that would....?

Question

...act like a mortgage. In other words, amortize back to me a monthly figure including both principle and interest over a selected period?

Answer 1

Yes -- it is called an Annuity. You can buy one from an insurance company.

You can also get bonds that are actually backed by people's home mortgages. These Mortgage Backed Securities have a lot of variablity of cash flows, though -- since homeowners can prepay their principal at any time.

Answer 2

Your bank or mortgage broker should be able to give you a printout ...... we got one when we renewed our mortgage.