![]() However, you have the flexibility to override this calculation and manually input the loan amount at any time, regardless of the property price and down payment figures.Ĭanadian Mortgage rate - enter the current mortgage rate for a Canadian loan.Īmortization period (in years) - enter the length of the loan in years. Loan amount - the spreadsheet calculates the loan amount, which is the difference between the property asking price and the down payment. This calculator allows you to input values in the green-background cells on the top of the page and observe the resulting changes in payment, total interest, outstanding balance. Instructions on how to use the Microsoft Excel mortgage calculator spreadsheet ![]() It can be used to compare various loan terms, interest rates, and loan amounts.ĭownload free Canadian Mortgage/Loan Calculator template for Excel by clicking the download button at the end of this article. This spreadsheet generates an amortization schedule for a fixed-rate Canadian mortgage loan. In some cases interest may be tax-deductable (for example on the loan taken to purchase investments that generate income) so you can use the template to calculate the interest that you can claim. This Excel Canadian mortgage calculator allows you to determine the payment and remaining balance for a mortgage based on various input parameters such as the term, additional unscheduled payments, compounding period, and payment frequency.
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