Simple Mortgage Calculator
Use the calculator on this page to get a basic idea of how much you owe the bank over the lifetime of your mortgage, and how much you will generally have to pay per month. This calculator does not include additional monthly expenses, such as property tax, utilities, etx.
Calculator Assumptions:
- The interest rate is fixed for the life of the mortgage.
- The loan is a standard fully amortized mortgage.
- The calculation assumes monthly payments.
- For Canadian users, mortgage payments are calculated in CAD and based on standard Canadian mortgage rates.
- For American users, mortgage payments are calculated in USD and based on standard American mortgage rates.