Mortgage Loan CalculatorA mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. The word mortgage is a French Law term meaning "death contract", meaning that the pledge ends (dies) when either the obligation is fulfilled or the property is taken through foreclosure.

This calculator calculates U.S. and Canadian monthly mortgage payments based on principal, interest and term.

Amortization(Years) =
Term (Years) =
Yearly Interest Rate (%) =
Principal Amount ($) =
Downpayment (%) =
Downpayment Required ($) =
Mortgage Principal ($) =
Monthly Payment ($) =
Still Owing at End of Term ($) =