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 ($) =

Looking for a Mortgage Specialist?

We highly recommend Cathy MacDonald with TD Canada Trust. Please click here for more information on Cathy or contact her at the number below:

Cathy MacDonald
Mortgage Specialist
TD Canada Trust
Cell: 902-830-3963
Fax: 902-434-8964

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