Rapid Rates Financial Toolbox
 
 

 

Home

Auto Rates 
 

   
Calculators
 
   

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.

Amortization(Years) =

Term (Years) =

Yearly Interest Rate (%) =

Principal Amount ($) =

Downpayment (%) =

Downpayment Required ($) =

Mortgage Principal ($) =

Monthly Payment ($) =

Still Owing at End of Term ($) =


Amortization Schedule for Your Purchase

Number of Months of Loan

Simple Interest Rate

Total Amount of Loan

%
$


After obtaining your amortization schedule in the window below, you must Mark (Control-a or Apple-a) the text, Copy (Control-c or Apple-c) and Paste it (Control-v or Apple-v) into a new word processing document on your system. It cannot be printed out from this screen.

Rapid Rates
info@rapidrates.com
59 Dean Street, Hicksville, New York, 11801
Toll Free:  888-31-RATES  Fax:  801-515-7597

Privacy Policy/Terms of Service