Mortgage Payment Calculator
Using either the U.S. or Canadian 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. Enter your loan data in the top five spaces and click "calculate".
Amortization (Years) =
Term (Years) =
Yearly Interest Rate (%) =
Purchase Price ($) =
Down payment
(%) =
Down payment Required ($) =
Mortgage Principal ($) =
Monthly Payment ($) =
Still Owing at End of Term ($) =
