Mortgage Estimator

In order to help you evaluate and research your next property investment we have provided you with the following mortgage estimator tool to assist you with your preliminary budgeting needs.

Because we recognize that our clientele, and our website visitors, come from a wide range of geographical locations, we have provided a calculator that calculates payments based on both U.S. and Canadian methods. While both methods calculate monthly mortgage payments based on principal, interest and term; U.S. mortgages are compounded monthly, while Canadian mortgages are compounded semi-annually.

*Note - "Canadian Method" and "U.S. Method" refer to the method used to calculate interest, not to the type of currency being used. If you need help converting currency please use the currency conversion tool elsewhere in this site.

Fill in the following
Payment Amortization (Years) =
Mortgage Term (Years) =
Annual Interest Rate (%) =
Purchase Price ($) =
Downpayment (%) =
Choose a calculation method
Review the results
Downpayment Required ($) =
Mortgage Principal ($) =
Monthly Payment ($) =
Balance at End of Term ($) =
This mortgage calculator is provided as a free service to our users. No guarantee, explicit or implied, is made regarding it's accuracy or suitability to a specific purpose.
The result of this calculation should not be taken as a statement of one's credit-worthiness, but rather a general guideline of industry practices. Furthermore, calculation results are not to be construed as an offer to extend credit, under any terms, to any individual. Use of any calculator on this site shall constitute acceptance of the terms of this agreement.