Download Canadian Mortgage Calculator Template In Excel

Download feature-packed Canadian mortgage calculator spreadsheet! This Microsoft Excel template lets you choose a compound period (e.g. semi-annual for Canadian mortgages) and also a variety of different payment frequencies (annually, semi-annually, quarterly, bi-monthly, monthly, bi-weekly, and weekly). Moreover, It lets you see how making periodic extra payments can save you money and help pay off your mortgage sooner. You can also calculate outstanding balance at end of a given term.

Canada Mortgage and Housing Corporation

Calculate payment and outstanding balance for a Canadian mortgage using this calculator. It allows you to specify the mortgage term, periodic extra payments, compound period, and payment frequency (including weekly and bi-weekly payments). The amortization schedule lets you add unscheduled additional prepayments.

How to Use the Canadian Mortgage Calculator

The spreadsheet is pretty self explanatory, and many of the cells contain pop-up comments that will provide information about inputs and calculations. Basically, you just enter the values in the white-background cells, and see what happens to the payment, total interest, outstanding balance, etc. To add irregularly scheduled prepayments, enter the numbers in the “Additional Payment” column (yellow cell background).

What is Unique About Canadian Mortgages?

From this I can tell (having never actually lived in Canada), there are two main differences between Canadian and US mortgages:

  1. The Canadian mortgage rates are quote are base on a semi-annual compound period. The rates for US mortgages assumes a monthly compound period.
  2. With a Canadian mortgage, your rate usually depends upon Term that you choose (e.g. 6 months, 1 yr, 2 yr, 3 yr, 5 yr, 7 yr, or 10 years). Which is essentially length of time that you are under contract for the specified mortgage rate.

Most Canadian mortgages are portable, which means that if owner moves before five-year term is up. They can choose to apply their old mortgage to new home. Moreover, If it’s a more expensive home, it is also possible to take out a new loan for the difference.

Therefore, A mortgage allows the option of building up a cash account. Thus principal is amortize, the store funds is use as a source to take out cash when needed, and borrowed without charge. So, After use, the amounts are simply added back to the mortgage principal.

There are also options for flexible or skipped payments.

Royal bank of Canada mortgage rates

BMO military mortgage rates

Canada mortgage housing corporation

Download this Canadian Mortgage Calculator template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Canadian Mortgage Calculator Excel Template

Instruction :

All Excel templates and tools are sole property of xlsxtemplates.com. User can only download and use the excel templates for their Personal use only. All templates provided by XLSX templates are free and no payment is asked. However, you are not allowed to distribute or share in any other website for sole purpose of generating revenue from it.

 You can also download and use our 1000 Best PowerPoint Presentation Templates and 500 Resume Samples from PPTXTemplates.com  Completely Free. All our templates are designed by Professionals

Download Free Editable Excel Templates | Popular Templates

Insurance Quote Template

Insurance Quote

Introduction: Streamlining Insurance Quotations An insurance quote is a vital document in the insurance industry, serving as a preliminary estimate of premiums for potential clients.

Read More »
Freelance Quotation Template

Freelance Quotation

Introduction: Mastering Freelance Quotations In the world of freelancing, creating an effective quotation is crucial for outlining the scope and cost of your services to

Read More »
Fencing Quotation

Fencing Quotation

Introduction: Navigating Fencing Service Quotations A fencing service quotation is an essential tool for businesses in the fencing industry. It provides potential clients with a

Read More »
Event Planning Quote

Event Planning Quotations

Introduction: Excelling with Event Planning Quotations An event planning quote is a critical document for event planners, detailing proposed services and costs for organizing an

Read More »
Construction Quote Template

Construction Quote

Introduction: Optimizing Construction Quotations A construction quote is a fundamental document in the construction industry, serving as a formal proposal of costs for construction services

Read More »
Cleaning Quote

Cleaning Quote

Introduction: Perfecting Cleaning Service Quotations Creating an effective cleaning service quotation is crucial in the cleaning business. It serves as a formal proposal outlining the

Read More »

Free editable professional Excel templates can be a useful tool for businesses, organizations, and individuals looking to streamline their data management and reporting processes. These templates can provide a pre-designed and pre-formatted framework for storing and organizing data, as well as for creating charts, graphs, and other visualizations to help communicate that data more effectively.

One advantage of using professional Excel templates is that they are often designed by experienced professionals who understand best practices for data management and visualization. This means that the templates are likely to be well-organized, easy to understand, and aesthetically pleasing, which can make working with them more efficient and enjoyable.

Another advantage is that these templates are often fully editable, allowing users to customize them to meet the specific needs of their organization or project. This can include adding or deleting rows and columns, changing the formatting and layout, and adding custom formulas and functions.

Some examples of professional Excel templates that may be available for free include budgeting templates for personal or business use, project management templates for tracking tasks and deadlines, and sales tracking templates for analyzing and forecasting sales data. There are also a wide variety of templates available for specific industries, such as real estate, marketing, human resource, Payroll management and among others.

Overall, free editable professional Excel templates can be a valuable resource for anyone looking to improve their data management and analysis skills. By providing a pre-designed and customizable framework for storing, organizing, and visualizing data, these templates can help users save time and make more informed decisions.