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 ($) =

1 800 663-2121
Ph: (250) 744-3301
TF: 1-800-663-2121
(within Canada)

Fax: (250) 721-9585
karenjensenrealestate@shaw.ca 4440 Chatterton Way,
Victoria, BC
Canada
V8X 5J2