Mortgage calculator courtesy of Tony Joe and Associates of RE/MAX Camosun, Victoria, British Columbia

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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. 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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Tony Joe - Tony Joe & Associates - RE/MAX Camosun Victoria, British Columbia 1-800-663-2121