Alberta Mortgage Calculator 2021
WOWA Trusted and Transparent
New Mortgage
Renewal/Refinance
Home Price
Down Payment
%
Interest Rate
%
Term
5-Year
Amortization (Years)
Payment Frequency
Monthly
Bi-Weekly
You have chosen to make a down payment below 20%. You are required to purchase mortgage default insurance (CMHC insurance). This cost is included in the mortgage principal.
Calculated Monthly Payment
$1,9651.96k
Your CMHC Premium is $13,95014k
Your Land Transfer Tax is $280
Mortgage Costs Over 5-Year Term
| Total Cost: | $117,876 |
|---|---|
| Principal | $75,298 |
| Interest | $42,578 |
Modify your payment by selecting from top lenders:
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| Month | Principal | Interest | |
|---|---|---|---|
Apr, 2021 | $450,000.00 | $1,214.60 | $750.00 |
May, 2021 | $448,785.40 | $1,216.63 | $747.98 |
June, 2021 | $447,568.77 | $1,218.65 | $745.95 |
July, 2021 | $446,350.12 | $1,220.69 | $743.92 |
Aug, 2021 | $445,129.43 | $1,222.72 | $741.88 |
Sept, 2021 | $443,906.71 | $1,224.76 | $739.84 |
Oct, 2021 | $442,681.96 | $1,226.80 | $737.80 |
Nov, 2021 | $441,455.16 | $1,228.84 | $735.76 |
Dec, 2021 | $440,226.31 | $1,230.89 | $733.71 |
Jan, 2022 | $438,995.42 | $1,232.94 | $731.66 |
Feb, 2022 | $437,762.48 | $1,235.00 | $729.60 |
Mar, 2022 | $436,527.48 | $1,237.06 | $727.55 |
Year 1
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Alberta Mortgage Calculator
Calculate your monthly mortgage payments and the amount of interest that you will pay using our Alberta mortgage calculator. This calculator uses the latest rates from mortgage lenders in Alberta, helping you to make better-informed decisions.
Looking for more resources and calculators for Alberta? Check out these pages to learn more about Alberta mortgage rates, taxes, government programs, and more.
Learn more about Alberta Mortgages
- Alberta Mortgage Rates
- First-Time Homebuyer Incentives in Alberta
- Alberta Property Tax Calculator
- Alberta Land Transfer Tax Calculator
- Calgary Property Tax Calculator