• Featured-area photo: Hillhurst Cottage School by James Mott, CC BY-SA 4.0; cropped for the card. The cropped image is shared under the same licence.

    Alberta Mortgage Calculator

    Start with your purchase price to estimate Canadian mortgage payments for Calgary or Edmonton. Choose your down payment, interest rate, amortization and payment frequency. For an amortization schedule or extra-payment comparisons, use the full calculator linked below. Free to use, with no registration.

    Defaults to the Canadian minimum down payment with 30 years selected. With less than 20% down, confirm that you are an eligible first-time buyer OR buying a newly built home to calculate 30 years; otherwise select 25 years. Automatic CMHC estimates cover standard owner-occupied one- or two-unit purchases; lender approval is still required. At 20% down or more, no borrower-paid insurance is assumed. The 4.19% rate is illustrative, not an offer.

    Your mortgage results

    Monthly homeownership budget

    2026 residential tax presets: Calgary 0.66499%; Edmonton residential/farmland 1.03637%. These are combined rates: Calgary 0.38906% municipal + 0.27593% provincial education; Edmonton 0.77419% municipal + 0.25409% education + 0.00809% education requisition allowance. Do not add these portions again. No federal property-tax rate is added. Assessed value is not necessarily purchase price: replace the starting estimate with your municipal assessment or actual bill. Special levies are excluded. Insurance $150 and utilities $450 are editable planning assumptions, not city averages or live quotes. Closing costs at 1% are a budget, not an exact legal-fee or land-title calculation. New-build GST, rebates and lender fees are not calculated.

    Sources checked October 3, 2026: Calgary tax rates · Edmonton tax rates · CMHC premiums. Presets are a dated snapshot, not a live municipal feed.

    Explore the full amortization schedule and extra-payment calculator →

    Planning estimate only. Mortgage-insurance premiums are estimated automatically. Monthly ownership costs use your entered budgets, not live quotes. GST, rebates, lender fees and prepayment penalties are excluded.

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