Canadian Mortgage Calculator

A lot of people don’t actually realize that there is a difference in the way the compound interest rates are calculated in Canada compare to the US.

US rates are calculated on a monthly basis while the Canadian rights for compound interest are calculated semi annually. This is a very important little fact when it comes to putting together your figures for a mortgage repayment schedule that you will be comfortable with.

The Canadian mortgage calculator will allow you to calculate the rates in the semi annual Canadian fashion and it would also allow you to compare these to US rates. this will give you the complete picture you need when putting together the figures for your repayment schedule.

we hope you find the Canadian mortgage calculator useful and please feel free to take a look around the site a return often as you’ll always find useful information with regard to mortgages and home buying in general at this site.

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