New Castle Home Loans, LLC

Canadian mortgage calculator

Input Information

Property Information

Home Value :

($)

Loan Information

Amount :

($)

Interest Rate :

(%)

Length :

(Yrs)

PDF options are customizable. You may leave either "Let me print..." or "Send calculation results..." option on the screen.

Let Me Print That Form in PDF!

Send calculation results to email

To Email Address :

Name :

Phone # :

Show Schedule Table

This is an example of in-page advertisement message. You will be able to change it on your own advertisement or information.

Do you like these calculators? Order now!

Financial Analysis (Switch to Plain English)

Monthly Principal & Interests :	$1,778.23
Total Monthly Payments :	$640,152.24
Total Interests Paid :	$370,162.41
Down Payment :	$30,000.00
Required Down Payment :	$75,000.00
Required Income :	$66,683.58

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 $270,000.00 at a 7.000% 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 $1,778.23. Your total payments will be $640,152.24 for the life of the loan. This means you will pay $370,162.41 in interest.