Enhanced Loan Calculator (Canadian)
Use this calculator to look at a variety of possible loans. Change your monthly payment, loan amount, interest rate or term. Press the "View Report" button to see a complete amortization schedule, either by month or by year.
Enhanced Loan Calculator (Canadian) Definitions
- Monthly payment
- Monthly payment for this loan.
- Interest rate
- Annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.
- Term in months
- Number of months for this loan.
- Loan amount
- Total amount of your loan.