Calgary 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
+
$150
$150
$150
$150
Total Cash Needed
=
$26,650
$51,650
$76,650
$101,650

Contact Us

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

Calgary Mortgage Calculator Examples

Make This Beautiful Two-Story House In Upscale Killarney Your Home. Beautifully Built, With All Of The Upgrades This Is Simply A 'Must See'. Immaculate Features Include Ten-Foot Ceilings, Gourmet Kitchen, Maple Cabinets, Quartz Counter Tops Throughout, Hardwood Flooring, Stainless Steel Appliances And Central Vacuum. The Main Level Features A Spacious Great Room With Fireplace And Office. The Upper Level Features The Master Ensuite, Two Large Bedrooms, Convenient Laundry Room, And A Four-Piece Bathroom. The Master Hosts A Large Walk-In Closet, A Six Piece Ensuite Features Double Sinks, Shower And Jetted Soaker Tub. Completely Developed Basement, Nine-Foot Ceilings, Bedroom, Four-Piece Bathroom, Entertainment Room With Built-Ins And Bar With Wine Fridge. The Backyard Is Fully Landscaped With A Concrete Patio, Barbeque Hook-Up, And A Spacious Double Car Garage. See It Today! (Id:23934)
CALL1.877.896.6727
Property Price
$748,800
Minimum Down Payment (%)
6.66%
Minimum Down Payment ($)
$49,880
Mortgage Insurance ($)
$27,957
Mortgage Required ($)
$726,877
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$200
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$51,580
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$51,580
Monthly Payment
$2,919
5816 Dalgleish Rd Nw | See Brochure For Additional Photos | Great Location | Fully Developed | Easy Access To Lrt | Close To Schools, Parks & Play Ground (Id:23934)
CALL1.877.896.6727
Property Price
$349,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,450
Mortgage Insurance ($)
$13,262
Mortgage Required ($)
$344,812
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$120
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$19,070
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$19,070
Monthly Payment
$1,385
34 Legacy Gate Se. See Virtual Tour Link Above! Unbelievable Value In This Modern 2 Storey Gem. Loaded With Extras & Upgrades, Not Your Builder Basic Home! Own The Land & No Condo Fees. 2,231 Square Ft Of Intelligently Designed, Open Concept Living. Dramatic Peaked Rooflines & Bold Exterior Accents. 9 Ceilings & Wide Plank Flring Thruout. Entertainers Dream Kitchen Ft Ample Espresso Maple Cabinets, Quartz Countertops, Lrg Central Island & Deluxe Stainless Steel Applics Pkg. Adj Dining Room Easily Accommodates A Large Dining Set. Focal Point Gas Fp In Living Room. 3 Bdrms Up Included Huge Master With Walk-In Closet. Spa Style Ensuite With Fully Tiled 10Mil Glass Shower. Upper Flex Room / Loft Can Be Closed In As Another Bedroom. The Lower Level Is Fully Finished & Boasts A Media / Recreation Room, 4Th Bedroom & Another Full 4 Piece Bath With Fully Tiled Tub / Shower. Many Extras Included Air Conditioner Rough-In, Central Vac, Water Softener, More. Fully Fenced Yard With No Maint Exposed Aggregate Yard & Oversized Insulated Dbl Garage! Truly The Total Turnkey Package! (Id:23934)
CALL1.877.896.6727
Property Price
$414,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$20,745
Mortgage Insurance ($)
$15,766
Mortgage Required ($)
$409,921
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$133
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$22,378
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$22,378
Monthly Payment
$1,646
Fantastic Penthouse Condo In An Amenity-Rich Building That Includes An Indoor Pool, Fitness Centre & Owners Lounge With Full Kitchen & Cozy Fireplace. Located In Garrison Woods, Mere Minutes To Shops, Downtown & Trendy Marda Loop. After All That Adventure Come Home To This Beautifully Updated Condo With Clear Sightlines For Easy Interaction & An Abundance Of Natural Light. Entertain With Ease In The Kitchen With Pantry Stainless Steel Appliances, A Plethora Of Cabinets & Peninsula Breakfast Bar Island. The Adjacent Dining Area Has A Built-In China Cabinet & Desk For Catching Up On Emails. Relax In Front Of The Fireplace In The Living Room Or Sip Your Morning Coffee On The Balcony With Courtyard Views. The Master Is A Luxurious Retreat With His & Hers Closets & Indulgent 5Pc Ensuite With Dual Sinks. Guest Bedroom, 2Nd Bathroom, In-Suite Laundry, Underground Parking With Wash Bay & Storage Unit Add To Your Comfort & Convenience While You Enjoy Low-Maintenance Living In This Wonderful Building In An Unbeatable Location. (Id:23934)
CALL1.877.896.6727
Property Price
$389,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,495
Mortgage Insurance ($)
$14,816
Mortgage Required ($)
$385,221
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$128
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$21,123
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$21,123
Monthly Payment
$1,547
Great Price On This Beautiful Unit! The Open Concept Condo Is A Quiet And Spacious Retreat Which Has Newly Installed Vinyl Flooring And Been Recently Painted. The Huge 1 Bedroom And 1 Bath Unit With A Massive West Facing Balcony Also Has In Suite Laundry For Your Convenience. The U Shaped Kitchen Has Plenty Of Cabinets For Storage And Comes With 3 Appliances. The Front Entry Closet Is Oversized Which Can Be Used As Storage. Suite Door Is Located Only Steps From Elevator And The Building Itself Is Walking Distance To Shopping / Dining, School, Park With Water Feature And Pathways. There Is Also An Assigned Parking For The Unit. All Utilities Including Electricity Are Partially Of The Condo Fees. (Id:23934)
CALL1.877.896.6727
Property Price
$129,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$6,495
Mortgage Insurance ($)
$4,936
Mortgage Required ($)
$128,341
Best Mortgage Rate (%)
1.54%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$76
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$8,071
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$8,071
Monthly Payment
$515

Mortgages In Calgary

Unlike any other city in Canada, Calgary is overflowing with countless opportunities that can cater to any tastes. This city is rich in its offerings of possessing an urbanite centre that is embraced by the Rocky Mountains and the crossroads of where Elbow River and Bow River meet. Outside the city core that appeals to urbanites sits explorable nature that entices outdoor enthusiasts that love their outdoor activities. A higher quality of life experienced here does NOT come with a hefty price tag; it is quite the opposite, with the real estate being affordable, and there are tax breaks that the other provinces in Canada do not have (less taxes equals more disposable income!). The types of homes that exist here vary dramatically (condominiums, cottages, cabins, bungalows, duplexes, townhomes, 2 & 3 storey houses, single family homes, farms, mansions, and new build potential on vacant lots). When adding up location, versatile realty, fantastic economy, and affordability all around, the result is a win-win for home buyers! While checking the MLS, why not pull up a mortgage calculator to help in deriving a monthly cost against the purchase price of homes that catch your eye? A Calgary mortgage calculator (found on the Internet) is a valuable tool, as are the other advanced calculators at your disposal.
Investing in Calgary is attractive to lenders for its high resale market, and they tend to be more eager in loaning out money on a mortgage loan when there is a sense of security for location and province. Becoming knowledgeable about how a mortgage calculator brings pieces of information together, calculating the information, and resulting in a monthly payment amount does help home buyers to grasp a basic learning curve of the mortgage market. There are different kinds of mortgages that your lender will go over with you to see which one 'fits your financials' and your long-term goals. Establishing where your finances stand and scrutinizing over a certain property is just the beginning to how a lender will proceed with you about a mortgage loan. The type of mortgage that you may consider beneficial is generally based on your current and background financial information and the in-depth information about the home. You may feel more comfortable with a mortgage that is geared to stay neck-to-neck with the prime rate (an adjustable rate mortgage or a variable rate mortgage), or you may wish to have the certainty of a fixed rate mortgage (which is locked in for a term of your mortgage loan).