MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
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Your mortgage payments over 30 years will add up to $0.
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Mortgage Help

Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the lower your payments will be - or the more expensive a house you can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans. Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages (ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years, and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is starting off with a lower interest rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax Rate

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association.

REVIEWS

Ben was a treasure to work with. In today's economy you need to feel that a realtor is working for your best interest, we never had a doubt with Ben. I first met Ben when I was interviewing realtors to sell my mother's condo. I was specifically looking for someone that had a good marketing strategy and that understood the current market both within Calgary and her community. I also wanted someone that could work alongside my mother and myself rather than working on their own and just tell us what they’re doing. Ben definitely all my expectations and that of my mother's. Working with my mother and myself, in my opinion, can be a challenge, Ben was always very professional and we truly felt that he cared about we wanted/needed. It was imperative that my mother had a certain amount of money from the sale of her condo (within reason) to live a happy and healthy retirement living, Ben was able to accomplish that for us. Ben was able to work with both of us and was always there to walk us through questions or concerns.it was great that I was able to contact him and never felt that I was inconveniencing him with my queries no matter if it was day or night. He was always prompt in getting back to us and ensuring we had all the information we needed to make an informed decision. In working with other realtors in the past, there were times I felt they were more interested in making a sale rather than caring for our needs. We never felt this way with Ben, we always felt that our best interests were at the forefront. It was a pleasure working with Ben and he will always be the first on my list as a realtor for any future property sales or to pass his name along to those I know.

Sheila McKillop

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