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 in Years =

Term (Years) =

Yearly Interest Rate (%) =

Purchase Price ($) =

Down payment (%) =

Down payment Required ($) =

Mortgage Principal ($) =

Monthly Payment ($) =

Still Owing at End of Term ($) =