There are various financial calculators (either online, downloadable, or built into physical calculator) that are able to calculate a mortgage. Below, you'll see three great options. A quick calculator, a downloadable Excel version, and a full calculator that can produce the amortization schedule for you. All three work great.
I highly recommend using a qualified mortgage professional. The accuracy of these calculators and its applicability to your circumstances is not guaranteed. You should obtain advice from a qualified professional before relying on it.
Cautionary Word: calculators on SOME sites are not Canadian; Canadian law specifies a different calculation (compounded semi-annually) that most sites/calculator do not do. If you don't use one of these below, ensure that your chosen calculator is CANADIAN. |