Mortgage 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 ($) =

Towne Mortgage Company and Web Wizard Creations strive for accuracy in the mathematical computations contained in this website, however, these calculations are for demonstration purposes only and should not be relied upon. You should consult our loan officer or financial consultant to verify the accuracy of these computations before proceeding with any financial transaction. Towne Mortgage Company and Web Wizard Creations is not responsible for any errors, or consequences of errors as result of using these calculations.

 
Towne Mortgage Company
13325 East 14 Mile Road
Sterling Heights, MI 48312
Phone (586)771-8151
info@townemortgagecompany.com

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