Financial Calculators

Canadian mortgage calculator Input Information Property Information Home Value : ($) Loan Information Amount : ($) Interest Rate : (%) Length : (Yrs)  Let Me Print That Form in PDF! Send calculation results to email To Email Address : Name : Phone # : Show Schedule Table View more free services in our Finance Section. Financial Analysis (Switch to Plain English) Monthly Principal & Interests : $1,334.23 Total Monthly Payments : $480,316.13 Total Interests Paid : $230,321.61 Down Payment : $50,000.00 Required Down Payment : $75,000.00 Required Income : $50,033.50 Plain English Help (Switch to Financial Analysis) If you live in Canada and are interested in purchasing a home, you will need to plug in a few numbers in order to determine how much your mortgage payments will be. If you are interested in purchasing a home for 300,000.00 Canadian dollars and are interested in taking out a loan for $250,000.00 at a 5.000% interest rate for 30 years, you will be required to put down a $75,000.00 down payment (required down payment is 25% of house list price for homes with prices below $400,000 and 35% if property costs more that that value). This means your monthly payment (principal and interest only) will be $1,334.23. Your total payments will be $480,316.13 for the life of the loan. This means you will pay $230,321.61 in interest.