Mortgage Calculator

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 semi-annually. This calculator does not convert between the currencies.

Amortization in Years =

Term (Years) =

Yearly Interest Rate (%) =

Principal Amount ($) =

Down payment (%) =

Down payment Required ($) =

Mortgage Principal ($) =

Monthly Payment ($) =

Still Owing at End of Term ($) =


Noah Dobson

Newport Realty
1286 Fairfield
Victoria, BC Canada V8V 4W3
Phone: 250-385-2033 Fax: 250-385-3763
Email: noah@noahdobson.com