Calgary Mortgage Calculator

Your mortgage payment

Purchase price ($)

Down payment ($)

Interest rate (% per year)An example rate, not a current offer.

Amortization

Payment frequency

First-time buyer or newly built homeNeeded for a 30-year amortization when your down payment is under 20%.

Property tax, utilities and condo fees

Property tax per year ($)Filled in from the 2026 Calgary residential rate (0.66499%) on the price. Change it if you know the assessment.

Condo fees per month ($)

Electricity and natural gas per month ($)Your own estimate. Ask the seller for recent bills, or use the Utilities Consumer Advocate cost comparison tool.

Include City water and waste ($139.72 a month)Typical 2026 City of Calgary bill for a house: water, wastewater and stormwater $119.21, plus black, blue and green carts $20.51. Condo owners often pay these through condo fees.

Your payment

–

Mortgage amount (with CMHC premium): –
CMHC insurance premium: –
Down payment: –
Total interest over the amortization: –
Stress test: qualifying rate: –
Monthly payment at the qualifying rate: –
Monthly cost of owning: –

Talk to us about your numbers

Work out your mortgage payment for a Calgary home, including CMHC insurance, the stress test, property tax, closing costs and a full amortization schedule. Every rule on this page follows current federal and Alberta rules, checked in November 2026.

Amortization schedule

Extra payment every month ($)

Lump sum once a year ($)

Most lenders limit prepayments each year. Check your mortgage terms.

25 years or 30 years?

Mortgage balance over time

Principal and interest each year

Year-by-year table

Year	Interest	Principal	Balance at year end

Ask us how to pay it off sooner

Your monthly cost of owning in Calgary

Your mortgage payment is only part of the cost. Property tax in Calgary is your assessed value times the 2026 residential tax rate of 0.66499% (0.38906% for the City and 0.27593% for the Province). The City bills water, wastewater, stormwater and waste carts every month, and you pay electricity and natural gas on top. These figures are estimates.

Get a cost estimate for a specific home

Closing costs in Calgary

Alberta has no land transfer tax. Instead, Land Titles charges a registration fee of $50 plus $5 for every $5,000 (or part of $5,000) of the price, and the same on the mortgage amount (fees in effect since October 1, 2026). Legal fees, title insurance and a home inspection are the other usual costs. CMHC suggests budgeting 1.5% to 4% of the price for closing costs across Canada.

Estimated closing costs: –
Cash needed at closing (down payment plus closing costs): –

Your lawyer also adjusts for property tax and any other bills the seller prepaid. An appraisal, if your lender asks for one, is usually $250 to $350 (CMHC).

Ask us for a closing cost estimate

What the home really costs over the amortization

The price plus the CMHC premium and all the interest you pay if you keep the same rate for the whole amortization. Rates change at each renewal, so treat it as a guide.

How Canadian mortgages work

Minimum down payment

The minimum is 5% of the first $500,000 of the price and 10% of the part between $500,000 and $1.5 million. At $1.5 million or more, it is 20%. On a $600,000 home, the minimum is $35,000.

Price	Minimum down payment
$500,000 or less	5%
$500,000 to $1.5 million	5% of the first $500,000 + 10% of the rest
$1.5 million or more	20%

CMHC mortgage insurance

With less than 20% down, your mortgage must be insured, and the home price must be under $1.5 million. The premium is a percentage of the loan, based on your down payment, and is usually added to the mortgage. Amortizations over 25 years add 0.20%. Alberta does not charge sales tax on the premium.

Down payment	Premium (% of the loan)
35% or more	0.60%
25% to 34.99%	1.70%
20% to 24.99%	2.40%
15% to 19.99%	2.80%
10% to 14.99%	3.10%
5% to 9.99%	4.00%

With 20% or more down, insurance is not required, but a lender can still ask for it. The rates for 20% or more apply only then.

The stress test

You have to qualify at a higher rate than the one you pay: the greater of your contract rate plus 2%, or 5.25%. At a 4.50% rate, you qualify at 6.50%. For insured mortgages, housing costs can be up to 39% of gross income and all debts up to 44% (CMHC limits).

25 or 30 years

Since December 15, 2024, an insured mortgage (less than 20% down) can be amortized over 30 years if at least one borrower is a first-time buyer or the home is newly built. Otherwise, insured mortgages are limited to 25 years. With 20% or more down, your lender sets the maximum.

Why Canadian payments differ from US calculators

Canadian fixed-rate mortgages compound twice a year, not monthly, so the same rate gives a slightly lower payment. Our calculator uses the same method as the Government of Canada mortgage calculator.

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Calgary mortgage questions

Is there a land transfer tax in Calgary?

No. Alberta has no land transfer tax. You pay Land Titles registration fees of $50 plus $5 for every $5,000 (or part of $5,000) of the price, and the same formula on the mortgage. On a $600,000 home with a $480,000 mortgage, that is $650 for the transfer and $530 for the mortgage, $1,180 in total.

What is the minimum down payment for a home in Calgary?

It is 5% of the first $500,000 and 10% of the part between $500,000 and $1.5 million. Homes of $1.5 million or more need 20% down. For a $600,000 home, the minimum is $35,000.

How does the mortgage stress test work?

Lenders check that you could still afford the payment at the greater of your contract rate plus 2% or 5.25%. If your rate is 4.50%, you must qualify at 6.50%. You still pay your contract rate.

How much is CMHC insurance?

It depends on your down payment: 4.00% of the loan with 5% to 9.99% down, 3.10% with 10% to 14.99% down and 2.80% with 15% to 19.99% down. Amortizations over 25 years add 0.20%. With 10% down on a $600,000 home, the premium is $16,740, usually added to the mortgage.

Can I get a 30-year mortgage in Calgary?

Yes, if your down payment is under 20% and at least one borrower is a first-time buyer or the home is newly built (rules in effect since December 15, 2024). With 20% or more down, your lender sets the maximum amortization.

How is property tax calculated in Calgary?

Your tax is your assessed value times the residential rate, 0.66499% for 2026. A home assessed at $600,000 pays about $3,989.94 a year, or about $332.50 a month. The assessment reflects market value on July 1 of the year before, so it can differ from your price.

Why is my payment lower than on a US calculator?

Canadian fixed-rate mortgages compound twice a year instead of monthly, as the Interest Act allows. That makes the payment slightly lower at the same rate. Our results match the Government of Canada mortgage calculator.

Is this a mortgage approval?

No. The results are estimates and may differ slightly depending on your finances, credit, lender and current rates. It is not financial advice. Talk to us and a mortgage professional for exact numbers.

Talk to us

Berg Estate Team · Tom Berg, eXp Realty

We help Calgary buyers plan their budget, compare neighbourhoods and connect with trusted mortgage professionals. Send us a note and we will call you back.