CIBM Mortgage Calculator Enter the required information to calculate your monthly mortgage payments. Home Price: Down Payment: Interest Rate: Term (in years): Monthly Payment: function calculatePMT(){ var raw_pv = document.calculator.principal.value; var pv = parseFloat(eval(raw_pv.replace(/,/, ''))); var raw_dp = document.calculator.downpayment.value; var dp = parseFloat(eval(raw_dp.replace(/,/, ''))); var raw_ir = document.calculator.interest.value; var ir = parseFloat(eval(raw_ir.replace(/,/, ''))); var raw_term = document.calculator.term.value; var term = parseInt(eval(raw_term.replace(/,/, ''))); var loan_amt = pv - dp; var rate_term = ((ir/100)/12); var number_term = term * 12; var calculator = 0; calculator = loan_amt * rate_term * Math.pow((1 + rate_term), number_term)/(Math.pow((1 + rate_term), number_term) - 1); calculator = Math.round(calculator * 100)/100; document.calculator.calculated_payment.value = calculator; } Introducing CIBC Mortgage Calculators - Calculate Your Mortgage Easily with CIBC Are you planning to buy a home, refinance your current loan, or apply for a home equity line of credit? If so, you may need to use the CIBC mortgage calculators to help you make the best decisions possible. The CIBC mortgage calculators can be a great resource when you’re trying to figure out how much you can afford and what kind of payments you should be making. We’ll describe what a mortgage calculator is and how you can use CIBC mortgage calculators to help you make your decisions. What is a Mortgage Calculator? A mortgage calculator is a tool that helps you estimate what kind of loan you can get and what kind of monthly payments you’ll have to make. These calculations are based on the information you input, such as the amount of the loan, the interest rate, and the loan term. This type of calculator is a useful tool to help you assess your financial situation before deciding to apply for a loan. When you use a mortgage calculator, you provide the required information and the calculator does the math for you. In just a few moments, you can identify how much of a loan you can qualify for and what kind of payments are involved. This helps you make an informed decision about whether or not you can afford the loan and the monthly payments. It also helps you compare different loan offers to find the one that makes the most sense for your financial situation. Using CIBC Mortgage Calculators CIBC is one of the largest financial institutions in Canada and offers a wide range of mortgage products. The bank also provides online tools, including mortgage calculators for customers to use. CIBC’s mortgage calculator can help you estimate how much of a loan you can qualify for and what kind of payments you’ll be making. The process of using the calculator is simple. You select the type of loan that you’re interested in and input the required information, such as the loan amount, the type of interest rate, the loan term, and other factors. The calculator then produces the results, including how much you can borrow and what your estimated monthly payments will be. Some of CIBC’s mortgage calculators also allow you to view amortization tables. An amortization table shows how much of each monthly payment is applied to the loan principal and the interest over the course of the loan term. This type of information can be useful to review before deciding on a loan. Using CIBC Mortgage Calculators for Other Mortgage Decisions CIBC mortgage calculators can also help you with other mortgage decisions. For example, if you’re considering a refinance loan, you can use the calculator to compare your current loan terms with the terms of the new loan. This can help you make sure that you’re making the right decision for your financial situation and give you the information you need to choose the best loan offer. CIBC mortgage calculators can also be helpful when you’re deciding whether to apply for a home equity line of credit. The calculator can help you estimate the amount you can borrow and what kind of payments you’ll be making. This is important information if you’re trying to figure out if a home equity line of credit makes sense for your needs. Conclusion CIBC mortgage calculators can be a helpful tool if you’re making any kind of mortgage-related decisions. The calculators make it easy to estimate how much of a loan you can afford and what kind of payments you’ll be making. They can also help you compare different loan offers to make sure that you’re getting the best deal. And if you’re considering a home equity loan, the calculator can help you estimate the amount you can borrow and what kind of payments you’ll be making. If you’re considering a loan or a refinance, the CIBC mortgage calculators can give you important information to help you make the best decisions possible. They can help you figure out how much you can borrow and what kind of payments you should be making. And they can help you compare different loan offers to make sure that you’re getting the best deal.