FINANCIAL PLANNING • SALEL M. MAHAJAN ADVISORY

Calgary Luxury
Mortgage Calculator.

Model your home purchase financing, down payment options, interest rate variations, CMHC insurance premiums, and payment schedules with real-time feedback designed by former mortgage advisor Salel Mahajan.

Financing Parameters

Home Purchase Price ($) $850,000

Down Payment ($ or %) $170,000 (20.0%)

Mortgage Interest Rate (%) 4.85%

Amortization Period

Payment Frequency

ESTIMATED MONTHLY PAYMENT

$3,904

Mortgage Principal Loan: $680,000

Down Payment Ratio: 20.0%

CMHC Insurance Fee: $0 (Waived ≥ 20%)

Estimated Interest Paid: $491,200

Bank of Canada Stress Test: Passed (6.85%)

Discuss Financing With Salel Mahajan

CALGARY HOME BUYER ADVANTAGE

Alberta Closing Costs & Tax Breakdown

NO Provincial Land Transfer Tax

Unlike Toronto (2-4%) or Vancouver (2-3%), Alberta has 0% Provincial Land Transfer Tax, saving Calgary home buyers tens of thousands of dollars on purchase day.

Land Title Registration Fees

Alberta Land Titles charges a modest fee: $50 base plus $5 per $5,000 of property value, plus mortgage registration fees. For an $850k home, land title fees are under $1,200.

Legal & Property Inspection