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Mortgage Calculator using either the 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 semiannually.

Amortization(Years) =
Term (Years) =
Yearly Interest Rate (%) =
Principal Amount ($) =
Downpayment (%) =
Downpayment Required ($) =
Mortgage Principal ($) =
Monthly Payment ($) =
Still Owing at End of Term ($) =
Find out how much of
a mortgage loan you qualify for.Click Here