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Mortgage Calculator

MetroYEG's Alberta Mortgage Calculator estimates monthly, bi-weekly, or weekly mortgage payments based on purchase price, down payment, interest rate, and amortization term, including closing costs. It's a free tool from MetroYEG Realty & Mortgage Team, run by Edmonton mortgage brokers Matteo Saccomanno and Delia Addessi, and gives homebuyers and homeowners a quick estimate before speaking with a broker about pre-approval.

Frequently Asked Questions

1. How do I calculate my mortgage payment in Alberta?

Enter your purchase price, down payment, interest rate, amortization term, and payment interval (weekly, bi-weekly, semi-monthly, or monthly) into the calculator above. It instantly estimates your loan amount, payment amount, and total interest paid over the term.

2. How much down payment do I need to buy a home in Alberta?

Alberta follows federal minimum down payment rules: 5% on the portion of the purchase price up to $500,000, and 10% on the portion between $500,000 and $1.5 million. Homes over $1.5 million require at least 20% down.

3. Does Alberta charge a land transfer tax?

No. Unlike Ontario or B.C., Alberta does not have a land transfer tax. Buyers still pay land title registration and mortgage registration fees, which are typically much lower.

4. What closing costs should I budget for in Alberta?

Beyond your down payment, budget for legal fees, title insurance, home inspection, property tax adjustments, and land/mortgage registration fees.  

5. Is this mortgage calculator accurate enough to get pre-approved?

This calculator gives a quick estimate for planning purposes only. For an accurate, personalized quote and mortgage pre-approval, contact MetroYEG's Edmonton mortgage team directly.

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Data last updated on July 21, 2026 at 07:30 PM (UTC).
Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.