Use this calculator to approximate your monthly payments (before taxes). To do so, enter the amount for your mortgage and your amortization period, along with the interest rate charged by your financial institution.

What does Amortization Period mean?:
   A loan which allows for equal payments to be made to the creditor at consistent intervals over the life of the loan. Each payment covers interest acquired over the interval period with the remainder of the payment being applied to reduce the principal owed. If every payment is made on time and in full over the amortization period, the loan will be completely repaid at the end of the amortization period.