SimpleCalc Canada vs Loan Calculator

The "SimpleCalc" Simple Canadian Mortgage Calculator is the fastest way to estimate your mortgage payments. SimpleCalc takes all the complexity out of estimating your mortgage payments. If you're looking for a no-BS, easy to understand calculator - this is it. ** No adverts, EVER. ** No branding or annoying logos. Just the summary. Everything you need to see at once. Made to be as quick and easy to use as possible, this calculator is also one of the only calculators to perform all calculations according to Canadian mortgage regulations. Interest for example, is calculated semi-annually, not in advance. You also have the ability to toggle to (American) standard annually-compounded interest. All the power of the major bank calculators in the palm of your hand! If you're a financial professional, you'll love this calculator. Absolutely no branding displayed, so it's safe to use with your clients - no matter what financial institution you represent! Custom-branded versions are also available if interested. Contact info@n2d.co for more information. From one Canadian to another: ENJOY!

This is a simple loan calculator that gives you a good forecast of what to expect in regards to loan repayment. 
It allows you to view the impact of adding extra payments for a better payment plan/schedule. Support 3 Payment methods: - Equal Payment : Pay an equal payment in every payment. - Equal Principal : Pay an equal amount of principal every payment. Each payment's interest is calculated based on current balance. Payment is the sum of principal and interest. - Interest Only: Pay interest in every payment and pay the loan in the last payment of loan schedule. Support various payment frequency. Support various kind of extra payments. It is really easy and simple to use. Please use it and send your feedback if any.