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Mortgage Calculator

This calculator calculates monthly mortgage payments based on the purchase price, interest and term chosen.  Canadian mortgages are compounded semi-annually.

Enter the number of years, interest rate, purchase price and down payment. To receive a complete schedule of your required down payment, mortgage principal, and monthly payment, simply press “Calculate”!  This schedule will also show you what is left owing at the end of the term you choose.

* Please fill in all fields even if the amount is zero.

MORTGAGE INFO.

Amortization (Years) =

Term (Years) =

Yearly Interest Rate (%) =

Purchase Price ($) =

Down Payment (%) =

MORTGAGE RESULTS

Down Payment Required ($) =

Mortgage Amount ($) =

Monthly Payment ($) =

Still Owing at End of Term ($) =

   
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