Alberta payment calculator
What Is the Monthly Mortgage Payment on a Home in Alberta?
On a $564,200 home — Calgary's October 2026 MLS® benchmark price (CREB) — with 10% down, a 25-year amortization and an example rate of 4.09%, the estimated monthly payment is $2,779.43. That figure uses Canadian semi-annual compounding and includes the CMHC insurance premium added to the mortgage. It is an example estimate only, not an offer or a rate quote.
Price source: Calgary Real Estate Board (CREB) Daily Housing Summary, October 2026 MLS® Home Price Index benchmark for a typical Calgary home. The 4.09% rate is an example, not a current quote. Your payment will differ.
Your estimate
Estimated monthly payment
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- Mortgage amount
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- Insurance premium
- Total mortgage
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- Total interest over the amortization
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- Amortization used
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Important: This calculator is for educational and illustration purposes only. Results are estimates, not a mortgage approval, pre-approval, or commitment to lend. Actual qualification depends on a full application, credit review, income and property verification, and lender approval (OAC). To find out what you qualify for, apply for a lender pre-approval (opens in a new tab).
The payment does not include property tax, condo fees, home insurance or Alberta Land Titles fees. Rates and payments are subject to change. Consult John Antle for personalised information.
Pineapple National Inc. · John Antle, Sub Mortgage Broker - Team Lead. Mortgage Associate licence (Alberta).
How this Alberta calculator works
This tool estimates a payment for a home purchase in Alberta. Enter the purchase price, down payment, amortization and interest rate. Results update as you type. Fixed-rate mortgages in Canada are quoted with interest compounded semi-annually, and that is the formula used here — the same convention lenders use.
Minimum down payment. In Canada you need at least 5% of the first $500,000 of the price and 10% of the portion between $500,000 and $1.5 million. Homes priced at $1.5 million or more need 20% down. The calculator flags a down payment that falls short of that federal minimum.
CMHC / default insurance. With less than 20% down, the mortgage has to be insured. The premium is a percentage of the mortgage amount: 4.00% at 5–9.99% down, 3.10% at 10–14.99% and 2.80% at 15–19.99%, plus 0.20% when the amortization is longer than 25 years (CMHC schedule, verified November 2026). It is usually added to the mortgage rather than paid in cash. Alberta does not charge provincial sales tax on the premium.
30-year amortizations. Since December 15, 2024, insured 30-year amortizations are available to first-time buyers and to buyers of newly built homes. With 20% or more down, many lenders will consider 30 years for other buyers as well, subject to qualification.
What is not included. The payment does not include property tax, condo fees, home insurance or Alberta Land Titles registration fees. Alberta has no provincial land transfer tax; Land Titles charges modest registration fees instead. Closing costs are extra.
Questions about this payment estimate
How is a monthly mortgage payment calculated in Alberta?
Lenders quote fixed-rate mortgages with interest compounded semi-annually, not monthly. This calculator converts your annual rate into a periodic rate with that Canadian formula, then amortizes the loan over the term you choose. If your down payment is under 20%, a CMHC or default-insurance premium is added to the mortgage first. The result is an estimate only and is not a rate quote.
How much down payment do I need to buy a home in Alberta?
The federal minimum is 5% of the first $500,000 of the purchase price and 10% of the portion from $500,000 up to $1.5 million. At $1.5 million and above, you need 20% down and default insurance is not available. Lenders can still ask for more depending on credit, income and the property.
When is CMHC insurance added to an Alberta mortgage?
When you put down less than 20%, default insurance is required and the premium is typically added to the mortgage. The rate depends on your loan-to-value: 4.00% with 5–9.99% down, 3.10% with 10–14.99% and 2.80% with 15–19.99%, plus 0.20% if the amortization is over 25 years. Alberta does not charge sales tax on that premium.
Does this Alberta payment include property tax, condo fees or Land Titles fees?
No. The estimate is principal and interest only, including any default-insurance premium added to the mortgage. It does not include property tax, condominium fees, home insurance, utilities or Alberta Land Titles registration fees. Budget separately for those, and for legal and inspection costs at closing.
Can I get a 30-year amortization in Alberta with less than 20% down?
On an insured mortgage, a 30-year amortization has been available since December 15, 2024 if you are a first-time buyer or you are buying a newly built home. Otherwise the insured maximum is usually 25 years. Tick the box on the calculator if that exception applies to you. Approval still depends on the lender and insurer.
Is this calculator a mortgage offer or a pre-approval?
No. Figures are for illustration only, on approved credit (OAC), and are not an offer, a rate hold or a commitment to lend. Rates and payments change and are subject to lender approval and qualification. For a payment based on your income, credit and a current rate, apply online or book a call with John Antle.
Want an Alberta payment that is actually based on your file?
A calculator cannot see your income, credit or a lender's current pricing. Apply for a pre-approval or book a call and John will run numbers that apply to you — for a purchase in Calgary, Edmonton or elsewhere in Alberta.
Approval is not guaranteed and depends on lender review.