Mortgage Calculator for Inner City Calgary Homes

Higher Limits, Easier Access

Insured (less than 20% Down Payment) - Increasing the $1 million purchase price cap for insured mortgages to $1.5 million & Expanded eligibility for 30-year mortgage amortizations for all FTHB’s (First Time Home Buyers) and all buyers of new build properties.

Stone-clad multi-story home with arched windows, garages, and landscaped lawn.

for insured mortgages to $1.5 million

Increasing the $1 million price cap for insured mortgages to $1.5 million

• This measure will apply to all applicants requiring high-ratio mortgage insurance (required when purchasing with a down-payment less than 20 per cent and loan-to value greater than 80%), and must satisfy the following requirements:

• The value of the eligible residential property against which the loan is secured must be less than $1.5 million; and,

• The downpayment requirements for the loan are as follows:

- - 5 percent on the portion of a purchase price up to $500,000.
- - 10 percent on the portion of a purchase price between $500,000 and under $1.5 million.

Dining room with a set table beside a bright white kitchen and large windows.

30-Year Mortgages Now Available!

Expanded eligibility for 30-year mortgage amortizations for all first-time homebuyers and all buyers of new build properties

• This measure will apply to applicants requiring high-ratio mortgage insurance (required when purchasing with a down-payment less than 20 per cent and loan-to-value greater than 80%), that are either:

- Prior to December 15th max Amortization was 25 years.

• A first-time home buyer purchasing a newly constructed or existing home; or,

• All other buyers purchasing a newly constructed home.

Downtown street between glass office towers, with traffic cones and a police SUV at the intersection.

for insured mortgages to $1.5 million

First Time Home Buyer eligibility conditions for 30 year amortization insured mortgages:

At least one borrower must be a first-time homebuyer. To be considered a first-time homebuyer, a borrower must meet one of the following criteria:

• The borrower has never purchased a home before; or

• In the last 4 years, the borrower has not occupied a home as a principal place of residence that either they themselves or their current spouse or common-law partner owned; or

• The borrower recently experienced the breakdown of a marriage or common-law partnership.

• The home must be intended for homeowner occupancy (occupied by the borrower, by a person related to the borrower by marriage, common-law partnership, or any legal parent-child relationship on a rent-free basis).

• The LTV ratio must be greater than 80%.

Get an Accurate Estimate

Estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and PMI. Add your location for more accurate estimates.

$0,000 Your Payment

Building Dreams Together

Working with me, a seasoned Calgary real estate expert, means partnering with someone deeply familiar with the local market trends and committed to your success. With a proven track record in buying, selling, and investing in Calgary properties, I offer personalized strategies tailored to your unique needs. My extensive network, sharp negotiation skills, and dedication to client satisfaction ensure a smooth and rewarding real estate experience. Let’s achieve your real estate goals together with confidence and expertise.

Let's Connect