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    Mortgage Calculator     
    Calculators Provided by: IMAGEPROWEBSITE.COM

    Canadian mortgage calculator

    Input Information
    Property Information
    Home Value : ($)
    Loan Information
    Amount : ($)
    Interest Rate : (%)
    Length : (Yrs)

    Financial Analysis (Switch to Plain English)
    Monthly Principal & Interests : $1,119.09
    Total Monthly Payments : $402,869.46
    Total Interests Paid : $152,872.69
    Down Payment : $50,000.00
    Required Down Payment : $75,000.00
    Required Income : $41,965.91
    Plain English Help (Switch to Financial Analysis)

    If you live in Canada and are interested in purchasing a home, you will need to plug in a few numbers in order to determine how much your mortgage payments will be.

    If you are interested in purchasing a home for 300,000.00 Canadian dollars and are interested in taking out a loan for $250,000.00 at a 3.500% interest rate for 30 years, you will be required to put down a $75,000.00 down payment (required down payment is 25% of house list price for homes with prices below $400,000 and 35% if property costs more that that value).

    This means your monthly payment (principal and interest only) will be $1,119.09. Your total payments will be $402,869.46 for the life of the loan. This means you will pay $152,872.69 in interest.

    DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.