What the payments look like

Four down payments, side by side. Enter a price and the rate you have been quoted, and the rest fills in.

Purchase price

Mortgage rate

Amortization

Payment frequency

Minimumdown

10%down

15%down

20%down

Down payment

–

Mortgage insurance

–

Total mortgage

–

Monthly payment

–

Premium rates published by CMHC. Mortgage insurance applies when the down payment is under 20%, and the premium is added to the mortgage and paid over its life. Alberta applies no provincial sales tax to it. Insurance is available on homes priced up to $1.5 million, and a 30 year insured amortization carries eligibility conditions. Property tax, condominium fees, home insurance, and closing costs sit outside these figures. For your numbers, talk to a mortgage professional.

Turn this into a real number

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