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

Bright, Large Corner Unit! Brand New 2 Bedroom Unit Built By Genesis Homes. This 2 Garage Garage Townhome Backs Onto A Pond With Endless Picturesque Views. Nestled Into A Quiet Corner Of The Ne, Yet Only Minutes To The C-Train, Easy Access To Downtown And Stoney As Well As Tons Of Shopping Just A Block Away. This Is An Ideal Location For A First Time Home Buyer Or Investor! Wide Plank Floors, Granite Counters In The Kitchen, Stainless Steel Appliances, Loads Of Windows And Storage, Upper Floor Laundry Included, This Home Truly Offers Everything You Could Want At An Unbeatable Price! Book Your Showing Today! (Id:23934)
CALL1.877.896.6727
Property Price
$279,800
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$13,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$106
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$15,596
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$15,596
Monthly Payment
$1,237
#604, 626 14 Ave Sw. True Inner City Lifestyle Living! Truly Walkable Living With A Walkscore Of 98! Quiet, Concrete Building Full Of Amenities Included; Steam Room, Fitness Facilities, Yoga Studio & Guest Suite. Modern Open Plan With 9' Ceilings Throughout. Deluxe Stainless Steel Applics Pkg, Quartz Counters & Ample Flat Panel Cabinetry. Generous Bedroom With Loads Of Closet Space & Spa Style Ensuite Bath. Insuite High Efficiency Laundry. Located Adjacent To The Gorgeous Beaulieu Gardens & Historic Lougheed House, Steps To Endless Top Restaurants, Nightlife, Shopping, & All The Amenities Calgary Has To Offer. Heated Underground Parking, Central Air Conditioner, Bike Storage & Same Floor Storage Locker. Fantastic Value In A Great Location! (Id:23934)
CALL1.877.896.6727
Property Price
$285,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,250
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$107
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$15,857
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$15,857
Monthly Payment
$1,260
Open House Sat Feb 22 & Sun Feb 23 1-4Pm. Gorgeous Custom Home On A 65X122 Corner Lot In The Heart Of Altadore! Bright And Sunny Open Concept Main Floor With Loads Of Windows And South Facing Yard. Large Custom Kitchen With High End Appliances, Coffee Area And Walk Through Pantry. Large Mud Room At The Back Door Plus Full Bath With Shower. Main Floor Office / Play Room Or 4Th Bedroom (With Closet), Great For In-Laws. Upstairs You Have 2 Good Sized Kid's Rooms, Laundry Room With Sink, And Master Suite With Walk-In Closet, Storage Built-Ins, Deck And Thoughtful, Bright Ensuite, In Floor Heat. Fully Finished Basement Has A Huge Recreation Room / Family Room, Rough-In In-Floor Heat, 2 More Bedrooms, A Large Bathroom And Loads Of Storage. Incredible South Yard With Over-Sized (25X23) Heated Garage With Over-Sized Garage Door! Beautiful Landscaping Creates A Private Oasis Of A Backyard. Walk To My Favourite Ice Cream Shoppe, Garrison Pub, Sandy Beach, The Dog Park, All The Schools And Marda Loop. Excellent Location And Value. Below Grade Measurement Is Finished Square Footage. Built In Speakers. Back Lane To Be Paved This Year. Deck Off Master, 2 Upstairs Baths Have In Floor Heat. (Id:23934)
CALL1.877.896.6727
Property Price
$1,359,900
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$271,980
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$322
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$273,802
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$273,802
Monthly Payment
$4,868
Coming Soon (Id:23934)
CALL1.877.896.6727
Property Price
$1,395,000
Minimum Down Payment (%)
20.00%
Minimum Down Payment ($)
$279,000
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$329
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$280,829
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$280,829
Monthly Payment
$4,994
Fantastic Location! Tenant Occupied And Young Children - Please Be Respectful .. Great Location For This 2Bdrm 2Nd Floor West Facing Unit. All 6 Stainless Steel Appliances Are Included - Note That The Balconies Are Being Renovated Replacing Existing Balconies With Plexi-Glass. Cozy Updated Kitchen With Granite Counters, New Backsplash And Ceramic Flooring. Breakfast / Dinette Off Kitchen. Large Bright And Spacious Living Room With The Large Sunny West Patio Windows - This Room Is Large Enough To Be Divided Into Living / Dining. Updated 3 Piece Bathroom With Walk-In Shower (No Tub). Newer Stainless Steel Washer And Dryer - Walk To The Bus Stop, Restaurants, Killarney Pool. Westbrooke Mall Close By For Any And All Your Shopping - Library Close As Well - Close To Schools And For Those Elders There Is The Adult Community Center With Loads Of Activities Within Walking Distance. (Id:23934)
CALL1.877.896.6727
Property Price
$199,999
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$10,000
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$90
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$11,590
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$11,590
Monthly Payment
$884

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).