Calgary Mortgage Calculator
See your payment, CMHC insurance, stress-test rate and roughly how much income you need, using Canadian mortgage rules.
Minimum down payment
5% of the first $500,000, plus 10% of the part between $500,000 and $1.5M. Homes at $1.5M or more need 20% down.
CMHC insurance
Under 20% down, insurance of 2.8% to 4% of the loan is added to your mortgage. A 30-year insured mortgage adds 0.20%.
Stress test
Lenders qualify you at the higher of 5.25% or your rate plus 2%. Income shown uses a 39% housing ratio and 44% total debt ratio.
Estimates only, not a mortgage approval or financial advice. Canadian fixed-rate mortgages compound semi-annually and this calculator uses that. Rates, insurance premiums and lender rules change; confirm with your lender or mortgage broker. Alberta has no land transfer tax, but budget about 1.5% of the price for legal fees, title insurance, appraisal and moving.