Canadian Mortgage Calculator

Canadian-style mortgage — semi-annual compounding converted to monthly payments.

Calculator Finance Updated Apr 20, 2026
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How to Use
  1. Enter price, down payment, rate, and amortization years.
  2. Canadian rates are compounded semi-annually by law.
Input
Result

Formula

Semi-annual → monthly
mr = (1 + r/2)^(1/6) − 1
Payment
PMT = L · mr(1+mr)^n / ((1+mr)^n − 1)

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