Mortgage calculator courtesy of Mel Jarvis of RE/MAX Camosun, Victoria and Vancouver Island, British Columbia

Mortgage Calculator using a 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 in Years =
Term (Years) =
Yearly Interest Rate (%) =
Principal Amount ($) =
Down payment (%) =

Down payment Required ($) =
Mortgage Principal ($) =
Monthly Payment ($) =
Still Owing at End of Term ($) =

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