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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.   If "zero" is entered as the Down Payment then the monthly mortgage payments only are shown.

U.S. mortgages are compounded monthly while Canadian mortgages are compounded semi-annually. 

Amortization(Years) =

Term (Years) =

Yearly Interest Rate (%) =

Principal Amount ($) =

Down payment (%) =

Down payment Required ($) =

Mortgage Principal ($) =

Monthly Payment ($) =

Still Owing at End of Term ($) =
Disclaimer:  While ever effort has been made to ensure that the calculations above are correct, neither MetroCity Realty Ltd. (Renfrew), nor Megram Consulting Services Ltd. (Webmaster), assume any responsibility whatsoever for errors or accuracy.  Only those figures provided by a reputable Financial Institution should be considered appropriate.

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