CalcNow.Mortgage

Canadian Mortgage Calculator

🇨🇦 Free Canadian Mortgage Education

Canadian Mortgage Guides

Plain-language guides for Canadian homebuyers and homeowners. No jargon. No sales pitch. Just practical information to help you make informed decisions.

📅 Updated: May 8, 2025 📍 Calgary, Alberta

CMHC Insurance Explained

What mortgage default insurance is, who needs it, and exactly how much it costs in Canada.

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Fixed vs Variable Mortgage

The real difference between fixed and variable rates in Canada and how to choose in 2025.

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First-Time Home Buyer Guide

Federal and provincial programs, FHSA, RRSP Home Buyers' Plan, and what to expect step by step.

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Mortgage Pre-Approval Checklist

Every document and step you need to get pre-approved for a Canadian mortgage.

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Renewal vs Refinance

What happens at renewal time, and when refinancing makes more sense than simply renewing.

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Alberta Mortgage Closing Costs

A complete breakdown of what to budget beyond your down payment when buying in Alberta.

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How This Calculator Works

The Canadian mortgage math behind our calculator, including semi-annual compounding explained.