Tools

Mortgage calculator

Canadian mortgages compound semi-annually by law; American ones compound monthly. Most calculators only do one of those, so the other country's numbers come out wrong. This one does both, and it prices accelerated payments properly — at the real payment frequency, not a monthly approximation.

The mortgage

WHERE IS IT

HOME PRICE ($) DOWN PAYMENT ($)

INTEREST RATE (%) AMORTIZATION (YEARS)

PAYMENT FREQUENCY EXTRA PER PAYMENT ($)

Every payment frequency, compared

Same rate, same amortization — only the schedule changes.

Yearly schedule

Interest and principal, year by year.

This is one loan. Your plan has more than one.

The full planner runs every mortgage and loan you carry alongside your income, tax, investments and retirement — thirty years out, and it tells you the year you are debt free.

Canadian planner → U.S. planner →