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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 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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This Calculator Calculates Monthly Mortgage Payments based on Principal, Interest and Terms. Canadian mortgages are compounded semi-annually while U.S. Mortgages are compounded monthly.