How to use the Alberta mortgage calculator
Mortgage rates in Alberta
The mortgage rates that are charged in Alberta vary substantially by province and territory. The most current Alberta mortgage rates are the best ones to use when calculating your expected mortgage payment.
Land transfer tax (LTT) in Alberta
When purchasing property in Alberta a substantial cost to consider is the land transfer tax that will be charged to transfer the land from the seller to the buyer. It is recommended to understand how land transfer tax is charged in Alberta which can be shown on our Alberta land transfer tax calculator.
Mortgage affordability in Alberta
With the high cost of home prices in Alberta, purchasing a home in Alberta can prove to be difficult. You can use our Alberta mortgage affordability calculator to see how much home you can afford in Alberta.
Amortization period
30-year amortization periods are available with a down payment that is less than 20% if you are a first-time homebuyer or purchasing a new build home. For all other cases where the down payment is less than 20% the amortization period is 25-years. If your down payment is more than 20% these maximum periods are set by the lender.
