Alberta Mortgage Calculator

?
Enter the amount that you are planning on paying for the property
Property Value
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
Down Payment
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
Mortgage Insurance
+
$19,000
$13,950
$11,900
$0.00
?
Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
Mortgage Required
=
$494,000
$463,950
$436,900
$400,000
?
Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
Amortization Period
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
Select Province
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Mortgage Type
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
Mortgage Term
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Mortgage Rate
Select
Select
Select
Select
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
Payment Frequency
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
Mortgage Payment
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
Cash Needed
Down Payment
$25,000
$50,000
$75,000
$100,000
Mortgage Insurance PST
+
$0
$0
$0
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
Total Cash Needed
=
$28,020*
$52,616*
$77,457*
$101,500*
* Plus Land Transfer Tax, please select Alberta city to calculate Land Transfer Tax

Contact Us

First Name
Last Name
Email
Phone
Message (Optional)
OR CALL
1.877.896.6727

Alberta Mortgage Calculator Examples

Stunning!! This Gorgeous Custom Built 2 Storey In Lacombe Park Estates Will Impress You The Moment You Walk In The Door. Every Builder Upgrade Was Chosen When This Fantastic Family Home Was Built. The Main Floor Is Bright, Open And Great For Entertaining. The Kitchen Features Beautiful Cream White Cabinetry, Upgraded Appliances Including A 6 Burner Gas Stove And Wine Cooler. Large Center Island Overlooking The Family Room With Gas Fireplace And Stone Surround Completes This Amazing Kitchen. Wide Plank Hardwood Floors Throughout The Main Level And A 2 Piece Powder Room Complete The Main Level. Upstairs You Will Find A Huge Bonus Room And 3 Bedrooms Including A Generous Master Bedroom With 5 Piece Ensuite And Walk-In Closet. Finishing Off The Upper Level Are The Nice Size Kids Rooms, A 4 Piece Bath And An Upper Laundry Room. Some Other Great Features For This Home Include An Oversized Triple Attached Garage With Heater, Full Home Sonos Speaker System And Beautifully Landscaped Yard. This Home Must Be Seen! (Id:23934)
CALL1.877.896.6727
Property Price
$779,000
Minimum Down Payment (%)
6.79%
Minimum Down Payment ($)
$52,900
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$206
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$54,606
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$54,606
Monthly Payment
$3,379
Wow! Get Ready Set Go! This Fully Developed 3 Bedroom, End Unit Townhome / Condo Comes With Garage & Walkout Basement & Is Priced To Sell With A Quick Possession. The Main Floor Features A Fantasitc Spacious Main Floor Living Area That Features An Open Concept Kitchen / Dining & Great Room With Gas Fireplace To Cozy Up To On The Cold Winter Days! The Upper Floor Features 2 Generous Sized Bedrooms Each With Their Own Personal Ensuite Bathrooms, The Basement Developed With Bedroom & Full Bathroom, With It's Own Private Entrance, With A Tenant In Place, Who Wants To Stay. There Is A Single Attached Garage, With Additional Parking Out Front & Visitors Parking Too! Situated Within Walking Distance Of Stone Creek Village, Bus Route & All Amenities, Makes The Perfect Investment. Call Now Before This One Is Gone! Square Ft Depicted Is Not Measured To Rms Standards & Not Guaranteed By Vendor Or Listing Agent. All Measurements & Sf Should Be Verified By Buyer / Buyers Agent. (Id:23934)
CALL1.877.896.6727
Property Price
$349,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,495
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$120
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$19,115
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$19,115
Monthly Payment
$1,547
Once In A Lifetime Opportunity To Live In A Spectacular Ace Lange Custom Built Home In Windsor Park, Just Steps From The Uofa! Not A Single Expense Was Spared When This Home Was Built And The Pride Of Ownership Is Second To None. Upon Entering You Are Greeted With A Soaring Foyer & Beautifully Preserved Hardwood Floors Throughout The Main Floor. The Front Living Room Features A Gas Fireplace & Big Windows. Continuing Through The Freshly Painted Dining Room Is The Enormous Chefs Kitchen, Complete With An Oversized Island, Solid Oak Cabinets, Built In Stainless Steel Appliances, Granite Counter Tops & Matching Backsplash. Also On The Main Floor Is A Lovely Breakfast Nook, 2Pc Powder Room, A Den / Office & A Generous Family Room With A 2Nd Wood Fireplace. Up The Grand Staircase Is A Luxurious Master Suite With Wic & 5Pc Spa Bath. As Well As 3 More Large Bedrooms, All With Ample Storage Space & An Extra 4Pc Bath. The Basement Is Completely Finished With Huge Recreation Room, 2 More Bedrooms, A 3Pc Bath & 3Rd Fireplace. Wow!! (Id:23934)
CALL1.877.896.6727
Property Price
$1,698,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$339,600
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$390
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$341,490
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$341,490
Monthly Payment
$6,078
Enjoy Comfortable Private Country Living In This 2000 Square.Ft.Sprawling Bungalow On 2 Acre Lot Inwest Bragg Creek's Wild Rose Estates. Grand Entrance To Spacious Living Room With Vaulted Ceiling, Double Skylights, Wall Of Windows(Pella) Overlooking Spacious Exterior Deck, Gardens, Forest Backing Onto Environmental Reserve! Walk Through To Sunroom Like Tv Room That Opens To A Beautiful Chef Kitchen, Cherrywood Custom Cabinets, Granite Counters, Large Centre Island With Breakfast Bar. Tiger Wood Flooring Throughout Main. Three Bedrooms, Master With Walk In Closet, 5Pc En-Suite With Patio Doors Leading To Covered / Screened Hot Tub. An Open Staircase Leads To Lower Level Development, Including Full Kitchen, Laundry, Recreation Room / Playroom,Office,2 Bedrm And 3Pc Bath.The Double Attached Garage Is Heated With Plenty Of Extra Parking. The Yard Is An Entertainers Delight In Summer And Provides You With Private Toboggan Run In Winter! Property Backs Onto An Environmental Reserve For Added Privacy. With The Yard Is An Entertainment Delight In Summer And Provides Your Own Toboggan Run In The Winter! Wild Rose Estates Is A Fabulous Community Which Offers A Private Swim Able Lake In Summer That Becomes A Skating Rink In Winter. Also There Is A Beach, Tennis,Basketball And Paddleboats. All This Is Only 5 Km To The Popular Kananaskis -West Bragg Creek Trail Network For Biking, Hiking And Skiing Plus Also 5Km Of New Walking / Biking Teans Canada Trail To Vibrant Bragg Creek. The School Bus Stops At The End Of The Driveway For Attendance To Very Reputable Public And Separate K-12 Schools. Don't Miss The Opportunity To Buy This Fantastic Home In A Wonderful Community And Enjoy Bragg Creek Lifestyle. (Id:23934)
CALL1.877.896.6727
Property Price
$759,000
Minimum Down Payment (%)
6.71%
Minimum Down Payment ($)
$50,900
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$202
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$52,602
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$52,602
Monthly Payment
$3,295
Show Home For Sale! Welcome To The Dakota - One Of Avonlea's Most Popular Two-Storey Homes! This Luxurious 3-Bedroom, 2.5 Bath With Double Car Garage Is A Dream Home Located In Legacy Ridge. The Brand New 73 Acre Legacy Park Is Only A Short Distance Away Featuring A Wide Variety Of Amenities For You To Enjoy. Being On A Corner Lot, This Home Provides Ample Privacy And Parking. This Dakota Welcomes You With A Finished, Heated Garage To Keep You Warm During Those Cold Winter Months And An Upgraded 7Ft Front Veranda. The Laundry Room & 2-Piece Bathroom, Are Tucked Away On The Main Floor Near The Garage Entrance For Your Convenience. The Main Floor Consists Of An Open Concept Living Area That Holds A Large Kitchen With Corner Pantry, Glass Pantry Door, Quartz Countertops, Eat-In Kitchen Island And Beautiful High-End Kitchen Aid Appliances. The Dining Nook Has A Large Sliding Door Leading To Your Spacious Back Deck That Overlooks A Beautiful, Fully Landscaped Backyard. Did We Mention That There Are Underground Sprinklers In The Front And The Back? The Living Area In Close Proximity To The Kitchen And Dining Room, Includes An Upgraded Fireplace, And Is In Perfect Conjunction With The Rest Of The Main Floor To Encourage Both Family-Bonding And Stress Free Entertaining. Large Windows Fill This Home With Natural Light That Will Keep Every Room Lovely And Bright! The Upper Level Of The Home Includes Two Well-Sized Bedrooms And A Great Master Suite With Walk-In Closet And 3-Piece En-Suite With A Glass Shower Stall. The Lower Level Can Be Developed To Include A Large Family Room, One More Bedroom And A Full 3-Piece Bathroom.Legacy Is An Architecturally Controlled Area Developed By Melcor. Lots Of Park Space, Play Grounds, Coulees To Enjoy And Some New Amenities For Your Convenience. It Is Also Only A Short Drive To The New 73 Acre Regional Park. Easy Access Out To Downtown, Highway And All Sides Of The City. 10 Year New Home Warranty (Id:23934)
CALL1.877.896.6727
Property Price
$359,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,995
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$122
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$19,617
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$19,617
Monthly Payment
$1,591

Mortgages In Alberta

The world's largest dinosaur-related deposits (Dinosaur Provincial Park is designated as a UNESCO World Heritage Site) are just the beginning of the incredible assortment of interesting aspects of Alberta! You may already know about the mountain ranges & rivers that serves up 'stop you in your tracks' scenic beauty and countless outdoor recreational outlets, but it is the lower-key and intricate bits that makes this province so amazing (the very first wild life sanctuary in Canada was established here, the purest oil discovered in Canada was (and still is) here, in-depth measures have been taken to be a rat-free province & the largest shopping centre in Canada was built here, just to name a few)! The housing types found here are incredibly diverse with homes scaling down from mansions with large estate properties to larger executive style homes to multi-level dwellings to chalets & cottages to small cozy cabins. The MLS listings will provide you with immediate insight as to what homes are currently for sale, and the Alberta mortgage calculator can help to pinpoint affordability. If you are not familiar with how a mortgage calculator functions and how it can benefit you, the easiest way to understand is to locate this calculator on your banking website. You will see that only basic information is needed, such as the mortgage principal amount, the expected interest rate, the start date, and the number of years you plan to carry the loan will give you a monthly payment amount figure.
You may have heard the term 'Alberta Strong', which tends to refer to the rugged terrain throughout the forests, and the people that take advantage of the numerous outdoor opportunities that are here (white water rafting, fishing, camping, hunting, canoeing & kayaking, hiking, cycling, horseback riding, snow-related activities, rock climbing, cave tours, and so much more). There are just as many indoor opportunities for you and your family to explore too, such as art & culture venues, zoos, heritage parks & more. Whether you are a seasoned home buyer or new to the mortgage market, you will find that a mortgage calculator and other types of calculators will be more than a big help to finding out how much a home may cost you each month and annually. Working through some research in advance of speaking to a mortgage lender can also be a proactive way to launch yourself into the next few steps to purchasing your home. You may or may not be familiar with the ranging number of mortgage loan types, which are easily broken down to ascertain which mortgage is going to work the best for you and the comfortability of your finances. If you do not have a specific lender in mind, then you will have that decision to make as well.
Obtaining a mortgage loan for your new home in Alberta will be with one lender, but which one? Banks have strict parameters that must be met to be approved, and other kinds of lenders may be more flexible, but they sometimes raise their interest rates. Lenders have a different 'formula' they work with (which is far more technical then a mortgage calculator) to work out the necessary pieces of information on a home, your finances to come up with your monthly payment amount with interest, and the performance of it (via a mortgage product). There are four 'lead' mortgage types: the adjustable rate mortgage (your interest rate is set to the prime rate, and your monthly payment amount may change periodically), the variable rate mortgage (also sets your interest rate to the prime rate, but any difference in the rate gets added to your principal, not your monthly rate), a fixed rate (locks your interest rate in for a term), and a hybrid (blending both the variable rate & fixed rate over the life of the mortgage). There are other mortgage products that are designed to work with you if you have owned a home before, currently have a mortgage, have equity built up in a home, or have a substantial down payment.