Radius Financial Mortgage Calculator Please enter your loan details below to calculate your monthly payments. Mortgage Details Loan Amount: Interest Rate (APR %): Years: Payment Information Monthly Payment: Total Payment: function calculate() { // Get the user's input from the form. Assume it is all valid. // Converted amount to floating number var amount = parseFloat(document.mainForm.amount.value); // Convert interest rate to a decimal // and make it into a percentage (e.g. 0.5 = 50%) var interest = parseFloat(document.mainForm.interest.value) / 100 / 12; // Get the number of years var years = parseFloat(document.mainForm.years.value); // Calculate the monthly payment var x = Math.pow(1 + interest, years * 12); var monthly = (amount * x * interest) / (x - 1); // Check that the result is a finite number. If it is NaN (not a // number) or infinite, the input was probably invalid. if (isFinite(monthly)) { // Fill in the output fields, rounding to 2 decimal places document.mainForm.monthlyPayment.value = round(monthly); document.mainForm.totalPayment.value = round(monthly * years * 12); } else { // Result was not a number. alert("Please check your numbers for accuracy"); } } function round(x) { return Math.round(x * 100) / 100; } The Benefits of Using Radius Financial Mortgage Calculators When it comes to shopping for a mortgage, Canadians need every tool available to help them along the way. Radius Financial mortgage calculators are rapidly becoming one of the most popular tools for Canadains who are looking to get a home loan. Not only are they free to use, but they are also incredibly easy and can provide insight into your financial situation that you may not have been aware of. These mortgage calculators allow you to input your information into an online system and then the system will tell you exactly what your mortgage payment will be. This information is incredibly important because it helps people to determine whether they can afford what they are about to buy. In addition to this, Radius Financial mortgage calculators can also help you understand the total cost of a mortgage; not just the monthly payments, but also the total amount of interest that you will be expected to pay over the life of the loan. Another great benefit of using Radius Financial mortgage calculators is that they usually include an amortization schedule along with your results. This schedule shows you exactly how the mortgage payments will be divided amongst the principal and the interest that you owe. This allows you to see how much of your payments are going towards the principal of the loan and how much is going towards the interest. This information may come in handy if you are considering refinancing your loan, because you can see how long it will take you to pay down the principal and to learn how much interest you will be paying over the life of the loan. The amortization schedule may also come in handy for those who plan to pay off their mortgages earlier than expected. Knowing how much more you need to pay in order to pay off your mortgage sooner can help you make decisions and plans accordingly. How to Use Radius Financial Mortgage Calculators Using Radius Financial mortgage calculators is incredibly easy. All you need to do is provide the system with some basic information, like how much you want to borrow, the length of the loan, and the type of mortgage you are looking into. From there, the system will plug your information into its algorithms and generate an accurate result for you. Once you get your results, you can use them alongside your budget and financial goals to determine whether you can afford to purchase the home you are looking at. The results of these calculators can also be used to compare different types of mortgages, so that you can find the best one for your unique situation. Finally, you can use these calculators to understand exactly how much interest you will be expected to pay over the life of the loan. The Bottom Line Radius Financial mortgage calculators are one of the best tools that Canadians have at their disposal when it comes to shopping for a mortgage. They are incredibly easy to use and can provide valuable insight into how much you will be expected to pay for a loan. Not only that, but they also generate an amortization schedule which can help you understand your financial situation even better. All in all, these calculators are a great tool for Canadians who are shopping for a mortgage to consider.