Mortgage Calculator

 

 

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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Did you know that:

About 70% of all mortgages placed in the US were through a mortgage broker Only 25% of all mortgages placed in Canada were through a mortgage broker (A CMHC survey predicts that by 2005 - 50% of all mortgages in Canada will be through a mortgage broker) 50% of Canadians believe that mortgage brokers charge fees directly to consumers for their service ( which is incorrect)

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