Mortgage Calculator using Canadian or U.S. Formula

 

This calculator calculates 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.

 

 

 

Amortization(Years) =  
Term (Years) =  
Yearly Interest Rate (%) =  
Principal Amount ($) =  
Downpayment (%) =  
 
Downpayment Required ($) =  

 

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

 

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