Currency Conversion Amount From :Select a currencyAustralia Dollar(AUD)Canada Dollar(CAD)United Kingdom Pound(GBP)United States Dollar(USD) To :Select a currencyAustralia Dollar(AUD)Canada Dollar(CAD)United Kingdom Pound(GBP)United States Dollar(USD)Convert Mortgage Calculators Canada Purchase price $ : Down payment $ : Mortgage term (years) : Interest rate % : Mortgage amount : Monthly payment : U.S.A. Purchase price $ : Down payment $ : Mortgage term (years) : Interest rate % : Mortgage amount : Monthly payment : Area / Distance Conversion Square MillimetersSquare MetersSquare FeetSquare InchesSquare YardsSquare MilesAcresHectares = HectaresAcresSquare MilesSquare YardsSquare InchesSquare FeetSquare MetersSquare Millimeters This Post Has One Comment Tom Goebel 15 Aug 2020 Reply Mortgage payments are slightly different in Canada then they are in the USA. difference is in the compounding convention used for amortization. Canada is on a semi-annual, meaning 2 times a year compounding calculation while the USA is on a monthly compounding meaning 12 times per year compilation. As an example, Canadian payments $1,426.56 (on 30-year, 4%, $300K loan) are slightly lower than on a USA by $6 in this example ($1,432.25) when doing an amortization schedule. The bigest difference is not in the minor interest upon interest calculation but on the availability in the USA to get a fixed rate 30 mortgage. In Canada, however almost all mortgages are limited to 5 years or less. Leave a Reply Cancel replyCommentEnter your name or username to comment Enter your email address to comment Enter your website URL (optional) Save my name, email, and website in this browser for the next time I comment.