Mortgage Calculating Tool

This calculator computes U.S. and Canadian monthly mortgage payments based on principal, interest and term. U.S. mortgages are compounded monthly. Simply enter all the numbers above the Calculate Button, then click on the Calculate button.

This calculator is provided for your convenience. It is to be used as a guideline only. Always rely on your mortgage loan officer for exact mortgage calculations and qualification information. For current Mortgage Rates
Amortization(Years) =
Term (Years) =
Yearly Interest Rate (%) =
Cost of Home ($) =
Downpayment (%) =

Down Required ($) =
Mortgage Principal ($) =
Monthly Payment ($) =
Still Owing at End of Term ($)
Canadian mortgages are compounded semi-annually. To view the calculations for a Canadian mortgage, click below.