This calculator calculates U.S. and Canadian monthly mortgage payments based on principal, interest and term. U.S. mortgages are compounded monthly while Canadian mortgages are compounded semi-annually. Amortization(Years) = Term (Years) = Yearly Interest Rate (%) = Principal Amount ($) = Downpayment (%) = Downpayment Required ($) = Mortgage Principal ($) = Monthly Payment ($) = Still Owing at End of Term ($) = Get Me Approved on a Great Rate Now! V