Mortgage Calculators Alberta & BC
Run the numbers before you call. Our Canadian mortgage calculators include CMHC insurance, stress test rates, and BC land transfer tax so you can plan with confidence.
π° Purchase Calculator
Calculate your mortgage payment with all Canadian frequencies
| Item | Amount |
|---|
π‘ Save with Accelerated Payments
Accelerated bi-weekly or weekly payments equal one extra monthly payment per year, saving you thousands in interest.
π CMHC Insurance Calculator
Calculate mortgage insurance for down payments under 20%
| Down Payment Range | Premium Rate |
|---|---|
| 5% β 9.99% | 4.00% |
| 10% β 14.99% | 3.10% |
| 15% β 19.99% | 2.80% |
| 20% or more | 0% (No insurance) |
π‘ Minimum Down Payment
5% on first $500K, 10% on portion $500K-$1M. Properties over $1M require 20% down.
π Affordability Calculator
Pre-qualify using Canadian GDS/TDS ratios and stress test
| Ratio | Your % | Max Allowed | Status |
|---|---|---|---|
| GDS (Gross Debt Service) | 0% | 32% | β Pass |
| TDS (Total Debt Service) | 0% | 40% | β Pass |
π Stress Test Applied
You must qualify at 5.25% (higher of your rate + 2% or 5.25%).
ποΈ BC Land Transfer Tax Calculator
Calculate property transfer tax with exemptions
| Portion | Rate | Tax |
|---|
π‘ BC Exemptions
First-Time Buyers: Full exemption up to $500K, partial up to $525K.
New Builds: Full exemption up to $750K, partial up to $800K.
π Closing Costs Calculator
Estimate all costs needed beyond your down payment
| Cost Item | Amount |
|---|
π‘ Budget Tip
Budget 1.5% to 4% of purchase price for closing costs.
π΅ Maximum Mortgage Calculator
Find your maximum mortgage based on income and debts
π Stress Test Applied
You must qualify at 5.25% (higher of your rate + 2% or 5.25%).
π‘ Port Your Rate vs New Rate
Compare porting your rate versus breaking for a new mortgage
π Your Current Mortgage
π Your New Property
π Port Your Rate
π New Rate
π‘ What is Porting?
Porting transfers your existing mortgage and rate to a new property. If you need more money, your lender blends your old rate with today's rate.
Calculators Are a Start βΒ Let’s Get You Approved
These numbers are estimates. For an accurate pre-approval based on your specific situation, book a free call with Julie or Andy.
Julie JefferyΒ Β· Β julie@elevationmortgage.ca Β Β· Β 403.828.4832
AndyJefferyΒ Β· Β andy@elevationmortgage.ca Β Β· Β 403.828.4832
Elevation Mortgage
INDEPENDENT MORTGAGE BROKERS Β· LICENSED AB & BC
Julie & Andy Jeffery β independent mortgage brokers serving Calgary, Nelson BC,
and clients across Alberta and British Columbia.
Β© 2026 Elevation Mortgage Β· Independent Mortgage Brokers Β· Serving Alberta & BC