Sample calculator below will determine the monthly payment for a Canadian mortgage:

• Enter the number of years over which you want the mortgage amortized. Most mortgages are amortized over 25 years.
• Enter the interest rate.
• Enter the amount you wish to borrow.
• Press compute and the calculator will return the monthly payment required.
• Deduct a minimum of 5% or other specified amount from the selling price for down payment 
• 
  Note: there will be an additional amount added on top for CMHC Fees (1/2% - 3.75%) of mortgage amount unless you have provided more than 25% down payment. Please ask for more details if you are uncertain.

# of YRS.	Interest Rates	Mortgage  Amount	Payment Monthly	Payment Bi-Monthly
yrs	%	$	$	$