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.

Length of Loan =
After ? Years of Payments =
Yearly Interest Rate (%) =
Principal Amount (amount of loan) ($) =
Down payment (%) =

Down payment Required ($) =
Mortgage Principal ($) =
Monthly Payment ($) =
Balance Remaining ($) =