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MORTGAGE CALCULATOR
BROKER'S CHOICE
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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. Adjust Interest Rates According to your Local Bank Rate.

Amortization(Years) =

Fixed(Do not Change)

Term (Years) =

Fixed(Do not Change)

Yearly Interest Rate (%) =

Change

Principal Amount ($) =

Change

Downpayment (%) =

Change

Downpayment Required ($) =

Mortgage Principal ($) =

Monthly Payment ($) =

Still Owing at End of Term ($) =

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