Mortgage calculator from Deedrie Ballard of RE/MAX Camosun, Victoria British Columbia

Gold MLS Award Winner, RE/MAX 100% Club, RE/MAX Hall of Fame, RE/MAX Platinum Club

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 ($) =
Still Owing at End of Term ($) =

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