Mortgage Amount
#202 9503 101 AV NW
Edmonton, Alberta, T5H4R1
Download My Mortgage App
Compare up to four scenarios side by side to see which option is best for you.
Mortgage Scenarios
Home Price
Down Payment %
Down Payment
Mortgage Insurance
Rate
Term
Amortization
Payment Frequency
Payment amount
Stress Test Rate
Required Income
Minimum Down Payment
$225,000
5.00%
$11,250
$8,978
$222,728
4.79%
5 Years Fixed
30 Years
Monthly
$1,160.90
6.79%
$58,587
10% Down Payment
$225,000
10.00%
$22,500
$6,683
$209,183
4.79%
5 Years Fixed
30 Years
Monthly
$1,090.30
$71
6.79%
$55,966
15% Down Payment
$225,000
15.00%
$33,750
$5,738
$196,988
4.79%
5 Years Fixed
30 Years
Monthly
$1,026.74
$134
6.79%
$53,606
20% Down Payment
$225,000
20.00%
$45,000
$0
$180,000
4.99%
3 Years Fixed
30 Years
Monthly
$959.57
$201
6.99%
$51,018
Total Monthly Cost
Total Monthly Cost
Monthly Mortgage
Home Expenses
Monthly Tax
Condo Fees
Heat
Minimum Down Payment
$1,903.39
$1,161
$742
$190
$452
$100
10% Down Payment
$1,832.79
$71
$1,090
$742
$190
$452
$100
15% Down Payment
$1,769.22
$134
$1,027
$742
$190
$452
$100
20% Down Payment
$1,702.06
$201
$960
$742
$190
$452
$100
Cash to Close
Cash to Close
Purchase Price
Down Payment
Deposit
Title Registration
Minimum Down Payment
$11,798
$225,000
$11,250
$0
$548
10% Down Payment
$23,034
$11,236
$225,000
$22,500
$0
$534
15% Down Payment
$34,272
$22,474
$225,000
$33,750
$0
$522
20% Down Payment
$45,505
$33,707
$225,000
$45,000
$0
$505
Required Income
Required Income
Monthly Mortgage
Debt Payments
Home Expenses
Cash Left (Gross)
Home Expenses (TDS)
GDS / TDS
Minimum Down Payment
$58,587
$1,161
$0
$742
$2,979
Included
40% / 44%
10% Down Payment
$55,966
$2,621
$1,090
$0
$742
$2,831
Included
40% / 44%
15% Down Payment
$53,606
$4,981
$1,027
$0
$742
$2,698
Included
40% / 44%
20% Down Payment
$51,018
$7,569
$960
$0
$742
$2,549
Included
40% / 44%
Principal & Interest
Mortgage Journey Map
Showing Results at 60 months
5 Years
4.79% Fixed
Minimum Down Payment
5 Years
4.79% Fixed
10% Down Payment
5 Years
4.79% Fixed
15% Down Payment
3 Years
4.99% Fixed
20% Down Payment
Principal & Interest
Interest
Principal
Total Payment
Effective Amortization
Balance
Minimum Down Payment
$50,696.82
$18,957.02
$69,653.85
30 Years
$203,770.48
10% Down Payment
$47,613.73
$3,083.09
$17,804.17
$1,152.86
$65,417.90
$4,235.94
30 Years
$191,378.33
$12,392.14
15% Down Payment
$44,837.93
$5,858.89
$16,766.21
$2,190.81
$61,604.14
$8,049.70
30 Years
$180,221.29
$23,549.19
20% Down Payment
$26,075.53
$24,621.29
$8,468.94
$10,488.08
$34,544.48
$35,109.37
30 Years
$171,531.06
$32,239.42
Principal & Interest
Showing Results at 60 months
Showing Results at 60 months