Calgary & Area Mortgage Calculator

Estimate your monthly payment

Enter a purchase price, down payment, interest rate and amortization to estimate a monthly mortgage payment. This is an estimate, not a mortgage approval. There's a note below on what it leaves out.

Mortgage Calculator


This calculator is for information purposes only. Users should not use this calculator to make any financial decisions and should speak with their bank or mortgage broker. The website owner does not guarantee the accuracy or reliability of any information or calculations provided by this calculator. The website owner is not liable for loss or damage of any kind arising from the use of this tool.

What this calculator doesn't include

The number above is principal and interest only. Your actual monthly cost will be higher, often by a few hundred dollars, and it's worth knowing what's missing before you build a budget around it.

Property tax. Billed by the city. Whether you pay it directly or your lender collects it alongside your mortgage payment, it's a real monthly cost.

Condo fees, if the place has them. Plenty of townhouses do, not just apartment-style units. They vary widely between buildings and they can go up, so two places at identical prices can carry very different monthly costs.

Mortgage default insurance, if your down payment is under 20%. It protects the lender, not you. It's normally added to the mortgage rather than paid up front, so you borrow more than this calculator assumes and your real payment is higher than what it shows.

Home insurance, which your lender will require before closing.

Run your number here, then add those costs on top before you settle on a budget. When you're getting close to making an offer, a mortgage broker can give you a real figure with all of it included, and that conversation costs you nothing.

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.