Mortgage Calculator | Payment Calculator

Mortgage Calculator

This calculator computes U.S. and Canadian monthly mortgage payments based on principal, interest and term. U.S. mortgages are compounded monthly while Canadian mortgages are compounded semi-annually. Simply enter all the numbers above the Calculate Buttons, then choose either the Canadian or American Calculation and push the appropriate button.

Amortization (Years) =
Term (Years) =
Yearly Interest Rate (%) =
Cost of Home ($) =
Downpayment (%) =
Downpayment Required ($) =
Mortgage Principal ($) =
Monthly Payment ($) =
Still Owing at End of Term ($) =
*Note*This calculator is provided for your convenience. It is to be used as a guideline only.  Always rely on your mortgage loan officer for exact mortgage calculations and qualification information.

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