Mortgage Calculator

Use this calculator to estimate a mortgage payment for a home in Edmonton or the Greater Edmonton Area. Enter the home price, your down payment, amortization, interest rate and how often you want to pay.

This is a payment estimate only, not a qualification, offer or approval. Rates and rules change. Confirm your numbers with a licensed mortgage broker or lender.

Book a 30-Min Call

Prefer to call? (587) 334-5800

DK SHITTU, REALTOR® | LPT Realty | Serving Edmonton and the Greater Edmonton Area

Estimate Your Payment

Enter the home price.
Enter your down payment in dollars or percent.
Check the mortgage amount.
Choose amortization and payment frequency.
Enter an interest rate to try. If you're unsure, ask a mortgage professional for today's rates.
Tap Calculate.

Home price ($)

Down payment ($)

Down payment (%)

Mortgage amount ($)

Amortization (years)

Interest rate (%)

Payment frequency Prepayment per payment ($, optional) Property tax per year ($, optional estimate)

Canadian fixed-rate mortgages are typically compounded semi-annually; this estimate uses that convention. Your lender's figures may differ.

Not a qualifier. To check affordability, use the official FCAC Mortgage Qualifier and talk to a licensed mortgage professional.

Want Help Making Sense of the Numbers?

I can connect you with a licensed mortgage professional and walk the home-buying side with you. No pressure, just a clear next step.

Book a 30-Min Call

Quick Mortgage Help

Down payment.

In Canada, minimum down payments are tiered by purchase price, and mortgage default insurance is typically required when your down payment is under 20%. A larger down payment reduces the loan amount and may lower payments. Exact rules depend on the purchase and the lender. Ask a mortgage professional. More in my free First-Time Buyer Roadmap.

Amortization and payment frequency.

A longer amortization usually means a lower regular payment and more interest over time. Payment frequency (monthly, biweekly, accelerated options, and so on) changes how quickly you pay the balance. Try a few combinations in the calculator, then confirm with your lender.

Fixed vs variable.

Fixed-rate mortgages keep the same rate for the term. Variable-rate mortgages can change with market conditions. Which fits depends on your comfort and the products available. A mortgage professional can compare current options.

Interest rate field.

The rate you type is for estimating only. Your actual rate depends on credit, down payment, product and lender.

Alberta Has No Provincial Land Transfer Tax

Ontario and Toronto land transfer tax tools do not apply here. Alberta buyers pay Alberta Land Titles registration fees instead, plus other closing costs.

See the fee examples and planning bands on my Closing Costs page. Your real estate lawyer confirms the exact amounts.

Ready to Talk About a Real Home and Real Numbers?

Use the calculator to explore. When you're ready, book a call and we'll connect the payment estimate to neighbourhoods, timing and next steps.

Book a 30-Min Call

Prefer to call? (587) 334-5800

DK SHITTU, REALTOR® | LPT Realty
Serving Edmonton and the Greater Edmonton Area

This calculator is for general information only and is not financial, legal or mortgage advice. Rates and payments shown are estimates, not an offer or approval. Confirm your numbers with a licensed mortgage broker or lender, and confirm closing details with your real estate lawyer.