Mortgage Payment Calculator

[dciframe]http://www.cmhc-schl.gc.ca/en/co/buho/buho_012.cfm,350,650,0,auto,border:1px solid blue;float:left;[/dciframe] This is a tool to find how much and how often your payment will be. You will need the amount of mortgage, as well as the interest rate and  the amortization.

 

If you do not know the mortgage amount, you can estimate it here.

 

Amortization is the length of time it will take to pay of the mortgae. The longer amortization the smaller the payment.

 

Interest Rates are what the Bank will lend money to you at. This is negotiated between you and your bank.