Loan & Mortgage Calculator
Calculate your monthly mortgage or loan payment, total interest paid, and full amortisation schedule, with the semi-annual compounding convention used by Canadian mortgage lenders.
Canadian mortgages compound semi-annually but are typically paid monthly — a subtle convention that means the effective monthly rate is not simply the annual rate divided by twelve. This calculator handles that correctly, and supports weekly, bi-weekly, and accelerated payment schedules.
Preview — the interface is shown here for reference. The calculation engine is in development.
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