Understanding your calculation
Method, example and limitations
How the calculation works
The embeddable mortgage tool estimates principal-and-interest payments from the entered balance, rate and payment term, using the supported repayment assumptions.
Example to check
A zero-interest mortgage of 120,000 over 120 equal monthly payments requires 1,000 per month before other housing costs.
Before using the result
Embedding the tool does not verify lender terms. Taxes, insurance, association fees, product charges and rate changes may need separate inputs or calculations.