Mortgage Calculator Using Either
the Canadian or U.S. Formula

Amortization (Years) =
Term (Years) =
Yearly Interest Rate (%) =
Cost of Home ($) =
Downpayment (%) =

Downpayment Required ($) =
Mortgage Principal ($) =
Monthly Payment ($) =
Still Owing at End of Term ($) =
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.

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.