y calculator for mortgage payments works based on the price of the house, the number of years during which the bank amortizes the loan, interest rate of the mortgage, and the total of your down payment. The down payment calculated at 5%, 10%, 15% or 25% (In Alberta if you are a first time buyer you may purchase a home with as little as down as 5% of the price of the property.)

Simply type in the value of the house you are interested in, the number of years in which the bank has calculated the amortization of the loan, and the annual interest rate (between 5 and 10 % is acceptable) then press, "ENTER". The results are fairy accurate, however, the final numbers calculated by your bank may vary somewhat.