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 ($) =

 

Payment Calculator
If you have a Netscape® 2.0 Browser, you can use this handy  tool to learn just how much your monthly payment will be for a new  computer, a big screen TV or even a new house! 

All you do is type the amount it will cost, what the interest  rate will be and how many months your loan will be for.  "Click"  Compute or simply click in the payment window to see how much it  will cost each month.

Simply Complete These Three Columns: See Your Payment Here See Your Interest Cost Here
Number of
Monthly
Payments		 Simple
Interest
Rate		 Principal
Amount
of Loan		 Your
Monthly
Payment
Will Be		 Your
Total
Interest Cost
Will Be
$

 

                                              

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