Payments · every frequency
Calgary mortgage payment calculator
A Calgary mortgage payment on the City's 2026 median single-residential home ($706,000) with 10% down is $3,488.69 a month at 4.12% over 25 years, CMHC premium included. Accelerated bi-weekly payments of $1,744.35 finish it years sooner. Property tax, utilities and upkeep are extra: the true monthly cost calculator adds them.
Calgary mortgage payment
Every payment frequency, CMHC premium included, semi-annual compounding.
| Frequency | Payment | Paid off in | Total interest |
|---|---|---|---|
| Monthly | $3,488.69 | 25.0 yrs | $391,510 |
| Semi-monthly | $1,742.86 | 25.0 yrs | $390,621 |
| Bi-weekly | $1,608.69 | 25.0 yrs | $390,553 |
| Accelerated bi-weekly | $1,744.35 | 21.8 yrs | $335,163 |
| Weekly | $804.03 | 25.0 yrs | $390,143 |
| Accelerated weekly | $872.17 | 21.8 yrs | $334,536 |
- Balance after 5 years
- $571,474
- what you renew
- Paid off in
- 25.0 yrs
- Total interest
- $391,510
Estimate, not advice. Educational estimate only, not financial, mortgage, tax or legal advice. Lenders, insurers and governments set their own rules and can change them; confirm with a licensed professional before you decide.
Monthly payment $3,488.69.
Show the numbers
| Year | Principal | Interest |
|---|---|---|
| Yr 1 | $15K | $26K |
| Yr 2 | $16K | $26K |
| Yr 3 | $17K | $25K |
| Yr 4 | $17K | $24K |
| Yr 5 | $18K | $24K |
| Yr 6 | $19K | $23K |
| Yr 7 | $20K | $22K |
| Yr 8 | $20K | $21K |
| Yr 9 | $21K | $21K |
| Yr 10 | $22K | $20K |
| Yr 11 | $23K | $19K |
| Yr 12 | $24K | $18K |
| Yr 13 | $25K | $17K |
| Yr 14 | $26K | $16K |
| Yr 15 | $27K | $15K |
| Yr 16 | $28K | $13K |
| Yr 17 | $30K | $12K |
| Yr 18 | $31K | $11K |
| Yr 19 | $32K | $10K |
| Yr 20 | $33K | $8K |
| Yr 21 | $35K | $7K |
| Yr 22 | $36K | $6K |
| Yr 23 | $38K | $4K |
| Yr 24 | $39K | $3K |
| Yr 25 | $41K | $912 |
| Year | Payments | Interest | Principal | Interest to date | Balance at year end |
|---|---|---|---|---|---|
| 1 | $41,864 | $26,475 | $15,389 | $26,475 | $639,708 |
| 2 | $41,864 | $25,835 | $16,030 | $52,310 | $623,679 |
| 3 | $41,864 | $25,167 | $16,697 | $77,477 | $606,982 |
| 4 | $41,864 | $24,472 | $17,392 | $101,950 | $589,590 |
| 5 (end of term) | $41,864 | $23,749 | $18,116 | $125,698 | $571,474 |
| 6 | $41,864 | $22,994 | $18,870 | $148,693 | $552,604 |
| 7 | $41,864 | $22,209 | $19,655 | $170,902 | $532,949 |
| 8 | $41,864 | $21,391 | $20,473 | $192,293 | $512,475 |
| 9 | $41,864 | $20,539 | $21,326 | $212,831 | $491,150 |
| 10 | $41,864 | $19,651 | $22,213 | $232,482 | $468,936 |
| 11 | $41,864 | $18,726 | $23,138 | $251,209 | $445,799 |
| 12 | $41,864 | $17,763 | $24,101 | $268,972 | $421,697 |
| 13 | $41,864 | $16,760 | $25,104 | $285,732 | $396,593 |
| 14 | $41,864 | $15,715 | $26,149 | $301,447 | $370,444 |
| 15 | $41,864 | $14,627 | $27,238 | $316,074 | $343,206 |
| 16 | $41,864 | $13,493 | $28,371 | $329,567 | $314,835 |
| 17 | $41,864 | $12,312 | $29,552 | $341,879 | $285,283 |
| 18 | $41,864 | $11,082 | $30,782 | $352,961 | $254,500 |
| 19 | $41,864 | $9,801 | $32,064 | $362,761 | $222,437 |
| 20 | $41,864 | $8,466 | $33,398 | $371,227 | $189,038 |
| 21 | $41,864 | $7,076 | $34,789 | $378,303 | $154,250 |
| 22 | $41,864 | $5,628 | $36,237 | $383,931 | $118,013 |
| 23 | $41,864 | $4,119 | $37,745 | $388,050 | $80,268 |
| 24 | $41,864 | $2,548 | $39,316 | $390,599 | $40,952 |
| 25 | $41,864 | $912 | $40,952 | $391,510 | $0 |
| Total | $1,046,608 | $391,510 | $655,097 | $0 |
Assumptions & sources
Assumptions
- Semi-annual compounding. Source: Justice Laws, Interest Act, R.S.C. 1985, c. I-15, s. 6. Checked .
- CMHC premium added to the loan. Source: CMHC, Mortgage loan insurance cost (premium table). Checked .
- Example rate from the Bank of Canada. Source: Bank of Canada, Effective rate on new insured fixed mortgages, 5 years and over (series V122667780), effective August 1, 2026. Checked .
The City's 2026 median single-residential home with 10% down, at the Bank of Canada's average rate and at the lowest rates lenders publish for Alberta borrowers.
| Price | $706,000City of Calgary 2026 median single-residential assessment |
|---|---|
| Down payment (10%) | $70,600 |
| CMHC premium | $19,6973.10% of the loan, added to the mortgage |
| Mortgage | $655,09725-year amortization, monthly payments |
| Bank of Canada average, new insured 5-year fixed: 4.12% | $3,488.69 a montheffective rate on new mortgages, 2026-08 |
| Lowest collected Alberta insured 5-year fixed: 4.34% | $3,567.75 a month4.34% (ATB Financial, collected Nov 1, 2026) |
| Lowest collected Alberta insured 5-year variable: 3.66% | $3,326.27 a month3.66% (nesto, collected Nov 1, 2026); moves with prime |
| Lowest payment today | $3,326.27 a month$162.42 below the payment at the Bank of Canada average. A variable payment follows prime, now 4.70% (in effect since October 29, 2026: the Bank of Canada's 2.50% policy rate plus the usual 2.20-point spread; the Bank's weekly prime series hasn't printed it yet). |
Collected rates are what each lender's own page showed on the date given, not offers. A variable rate starts lower but moves with prime for five years; a fixed rate is set for the term. For today's Calgary rates by lender, see CalgaryMortgageRates.com.
Open this example in the calculator →Rates: Bank of Canada; lenders' own pages. Source: Bank of Canada, Effective rate on new insured fixed mortgages, 5 years and over (series V122667780), effective August 1, 2026. Checked . Source: ATB Financial, Mortgage rates page. Checked . Source: nesto, Mortgage rates page, effective October 29, 2026. Checked .
How is a Calgary mortgage payment calculated?
The rate you are quoted is a yearly rate compounded twice a year. The calculator converts it to the interest rate for each payment period, then finds the level payment that repays the loan, including any CMHC premium, over the amortization. Accelerated frequencies divide the monthly payment by two or four, which is how Canadian lenders define them; the extra payment each year goes entirely to principal.
Your rate is fixed only for the term, usually five years. The balance at the end of the term is what you renew at whatever rate the market offers then, which is why the table shows it. Rates for Calgary borrowers are tracked on CalgaryMortgageRates.com; the Bank of Canada's average on new insured 5-year fixed mortgages was 4.12% in 2026-08.
What do the payment terms mean?
- Amortization
- The years it takes to repay the whole mortgage at the current payment: 25 with less than 20% down, up to 30 for first-time buyers and new builds.
- Term
- The years your rate is fixed (or your spread to prime is set), usually five. You renew the remaining balance at the end of it.
- Accelerated bi-weekly
- Half the monthly payment every two weeks: 26 half-payments a year, the same as one extra monthly payment, all of it principal.
- Prime rate
- The rate banks set variable mortgages against: 4.70% (in effect since October 29, 2026: the Bank of Canada's 2.50% policy rate plus the usual 2.20-point spread; the Bank's weekly prime series hasn't printed it yet).
Frequently asked questions
What is the monthly payment on a Calgary mortgage?
On the City's 2026 median single-residential home ($706,000) with 10% down, the mortgage including the CMHC premium is $655,097. At 4.12% over 25 years the payment is $3,488.69 a month, before property tax, utilities or condo fees.
Is accelerated bi-weekly worth it?
Accelerated bi-weekly pays half the monthly payment every two weeks: 26 half-payments, or one extra monthly payment a year. That extra goes straight to principal, which typically cuts several years off a 25-year amortization. Regular bi-weekly payments do not; they are the monthly amount spread over 26 payments.
Why does the calculator use semi-annual compounding?
Canadian fixed-rate mortgages are quoted with interest compounded twice a year, and the Interest Act requires the rate to be stated yearly or half-yearly. It gives a slightly lower payment than monthly compounding at the same quoted rate. Many variable-rate mortgages compound monthly; ask your lender.
Does the CMHC premium change my payment?
Yes. With less than 20% down, the premium (2.80% to 4.00% of the loan, plus 0.20 points for a 30-year amortization) is added to the mortgage, so you pay interest on it. Alberta charges no sales tax on it.
Related
True monthly cost
Payment plus 2026 tax, fees, utilities and upkeep.
Prepayments
How extra payments shorten your mortgage.
Today's Calgary mortgage rates ↗
Dated rates to put in these calculators, on CalgaryMortgageRates.com.
Is your rate a good one? ↗
Score a mortgage offer against Bank of Canada benchmarks, on IsThisAGoodRate.ca.
Sources
- Justice Laws — Interest Act, R.S.C. 1985, c. I-15, s. 6. Checked .
- CMHC — 30-year amortization for first-time buyers and new builds. Checked .
- City of Calgary — 2026 assessment roll highlights (median values, typical change) (effective January 14, 2026). Checked .
- Bank of Canada — Effective rate on new insured fixed mortgages, 5 years and over (series V122667780) (effective August 1, 2026). Checked .