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Mortgage Calculators

Use our Loan Calculator to determine your monthly mortgage payment. Just enter the amount you plan on borrowing and the terms and interest rate of your mortgage. You can type over the default figures' values to compensate for different loan terms. Press the calculate button to determine your monthly payment.
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Loan Calculator
Do not use commas or dollar signs. Please note this calculation does not include insurance or taxes and that this calculator is designed only as a tool. It does not indicate an offer to lend. Interest rates shown are for demonstration purposes only. Actual market interest rates may vary.
First Payment Year	2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Loan Amount
Interest Rate	%
Term	10 15 20 25 30 Years
Payment Amount
Total Interest

Canadian or U.S. Formula

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 ($) =

Down Payment (%) =

Down Payment Required ($) =

Mortgage Principal ($) =

Monthly Payment ($) =

Still Owing at End of Term ($) =