A mortgage calculator is an online tool that uses inputs such as loan amount, interest rate, and loan term to calculate monthly payments and other information related to your mortgage. 5-year variable. Each of the following tabs represents the parameters to be calculated. In addition to this simple loan payment calculator, we also offer tools for helping you determine your monthly mortgage, auto and debt consolidation payments. The last of these is used to determine if you need to pay for PMI or not, and if so, how long you will need to carry it. NMLS Unique Identifier #1136. Nerd Tip: Use the Compare feature of our mortgage payment calculator to view two different mortgage scenarios at once. m. Compare Mortgage RatesThe mortgage amortization schedule shows how much in principal and interest is paid over time. PC Financial does not publish the interest rate on their website, however, speaking to a representative revealed that their rate is Prime + 1. 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