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| >Home >> Resources >> Mortgage
Estimator
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Mortgage Estimator
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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.
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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.
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*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.
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