Mortgage Calculator

What's your comfort level?

Most buyers need to take out a mortgage loan in order to purchase a house. Mortgage calculators are useful tools for estimating monthly mortgage fees at current interest rates based on your downpayment and amortization period. Take this number and plug it into your monthly budget to see how your future mortgage will affect your cashflow. Regardless of the mortgage amount you are preapproved for, it is important that you are comfortable with this monthly expense when taking other budget items into account.

Connect with a lender

Most people access mortgage loans through a mortgage broker or a bank. Please contact me if you are new to the Edmonton area or don't know any local professionals. I would be happy to connect you with financial professionals who can help you acheive your home goals. It is important to get preapproved for a mortgage by a mortgage broker or bank before we start searching for homes.

Mortgage Calculator

Purchase Amount:

Interest Rate:

Mortgage Term (Years):

Payment Interval:

Down Payment:

Closing Costs ($):

Closing Costs (%):

Loan amount:

Interest rate:

Payment interval:

Mortgage term:

Payment:

Total payments:

Total amount paid:

Total interest paid:

This calculator is for information purposes only. Users should not use this calculator to make any financial decisions and should speak with their bank or mortgage broker. The website owner does not guarantee the accuracy or reliability of any information or calculations provided by this calculator. The website owner is not liable for loss or damage of any kind arising from the use of this tool.