Free tool
Calgary mortgage calculator.
Real monthly all-in: principal, interest, property tax, and insurance. Defaults to a $700K Calgary home with 5% down at today's 5-year insured rate. Drag the numbers around — math updates live.
Inputs
Estimate
$4,480 / month
All-in: principal, interest, tax, and insurance.
- Principal + interest
- $4,080/mo
- Property tax
- $300/mo
- Home insurance
- $100/mo
- Down payment
- $35,000
- Loan principal
- $665,000
- Lifetime interest (25y)
- $558,913
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Estimate only. Doesn't include CMHC mortgage default insurance (required when down payment is under 20%) or land-transfer tax. Insured rates also vary by lender — call us and we'll connect you with a broker.
A few honest notes
- 5-year fixed vs variable. We default to a 5-year fixed insured rate ballpark. Variable usually beats fixed over a full term but you eat short-term volatility. Talk to a broker before committing.
- Under 20% down. CMHC default insurance kicks in (~2.8–4% added to your principal, financed over the mortgage). This calculator doesn't model that automatically — knock that percentage onto the home price for a closer estimate.
- Stress test.Banks qualify you at the higher of your contract rate + 2% OR 5.25%. You qualify for a SMALLER mortgage than this calculator suggests — about 12-15% smaller at today's rates.
- Closing costs. Budget 1.5-3% of home price on top of the down payment. Land transfer (AB has none, SK has a flat fee), legal, inspection, title insurance.