Our mortgage payment calculator allows you to enter enter the purchase price, down payment amount, amortization period and mortgage rate to determine your monthly payment and the corresponding amortization schedule. This enables you to try different down payment, mortgage rate, and amortization period scenarios to see how they will affect your monthly mortgage payment amount. Our calculator also shows you what the land transfer tax will be, and approximately how much cash you’ll need for closing costs. You can also use the calculator to estimate your total monthly expenses, see what your payments will be if mortgage rates go up, and show what your outstanding balance will be over time.
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