Canadian Mortgage Calculator
Simple mortgage calculator can show what monthly payments someone should expect to pay to return full loan.
This mortgage calculator should be used in Canada only as mortgage interest calculation is different from other countries. Check this mortgage calculator if you reside in United States.
In Canada mortgage interest is compounded semi-annually, while in US it compounded monthly. That is the reason why monthly payments in Canada are lower then in US.
Mortgage amount - how much money you need to borrow.
Mortgage term - for how long you need to take loan.
Interest rate - the rate you expect to get loan for.
* All numbers are rounded off to the nearest integer.
Below are listed the best closed term fixed rate mortgage in Canada.