Alberta Mortgage Calculator

Alberta has no land transfer tax, so the cash you need at closing in Alberta is mostly the down payment itself. This page estimates the monthly payment at Alberta prices, including Calgary and Edmonton; if you would rather start from your income, mortgage affordability in Alberta does that. The province’s MLS benchmark price was $511,500 in August 2026.

The calculator converts your rate the Canadian way (compounded twice a year) and adds the insurance premium when the down payment is under 20%; the steps are on the mortgage payment calculator page.

Calgary, Edmonton and the provincial benchmark

Monthly payments over 25 years, at 4.05% with the insurance premium added (minimum down) and 4.49% without it (20% down), the Bank of Canada’s averages for new 5-year fixed mortgages. Prices: the provincial benchmark from CREA’s provincial statistics, Calgary from the Calgary Real Estate Board and Edmonton from the REALTORS Association of Edmonton, all for September 2026.

At the provincial benchmark, qualifying under the stress test takes a household income of roughly $117,600 with the minimum down payment; the method and other price points are on income needed to buy a home.

Calgary

Calgary’s benchmark covers detached homes, semi-detached, row houses and apartments together, and the spread between them is wide. The Calgary housing market page breaks the benchmark down by home type, so you can enter the price for the kind of home you want. Some neighbourhoods along the Bow and Elbow rivers sit in flood hazard areas, which can affect what home insurance covers; the city’s property tax is the other monthly cost to add.

Edmonton

At Edmonton’s benchmark the minimum down payment works out to 5% of the price. Prices by neighbourhood and type are on the Edmonton housing market page, and the city’s mill rate and assessment rules on Edmonton property tax.

The same calculator works for Red Deer, Lethbridge, Grande Prairie or any other Alberta town: enter the local asking price and your down payment.

Buying costs in Alberta

Instead of a land transfer tax, Alberta charges land titles fees to register the transfer and the mortgage, based on the property’s value and the size of the loan. The Alberta land titles fee calculator works them out, and the land transfer tax calculator shows what buyers pay in the other provinces. Legal fees, the inspection and other one-time costs are on closing costs in Alberta, and help for first purchases is on the Alberta first-time home buyer guide. For the monthly costs besides the mortgage (property tax, insurance, utilities, condo fees), see carrying costs of owning a home.

More calculators nearby

• British Columbia mortgage calculator, with the property transfer tax
• Saskatchewan mortgage calculator
• Alberta mortgage rates