Calculators
Mortgage
Calculator*
This calculator computes 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.
Simply enter all the numbers above the Calculate Buttons, then choose either the Canadian
or American Calculation and push the appropriate button.
Pre-qualification
Calculator*
Fill in all
fields above
the "Submit"
button and
then click
on that
button when
you have
finished.
| Tips: |
- Enter only numerical data and decimal points. Do not use dollar signs, percent signs, commas or other non-numerical symbols. For example, "ten thousand" should be entered as 10000 or 10000.00 but not 10,000 or 10,000.00 or $10,000.
- Enter monthly amounts for all income and expense items. For example, if your gross annual salary is $48,000, enter your "Salary/Wages" as 4000.
- Enter the loan term in years.
- Enter the interest rate as the following examples show: 8, not .08 or 8%; 7.5, not .075 or 7.5%.
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*These calculators are provided for your convenience. It is to be used as a guideline only. Always rely on your mortgage loan officer for exact mortgage calculations and qualification information.
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