Alberta mortgage payment
Monthly payment on a $400,000 mortgage
A $400,000 mortgage costs about $2,439/month at 5.49% over 25 years (principal and interest, Canadian semi-annual compounding). See how the rate and amortization change it below.
Last reviewed against current CMHC, OSFI, and CRA rules.
Payment by rate and amortization
Principal and interest only on a $400,000 mortgage.
| Interest rate | 25-year | 30-year |
|---|---|---|
| 4.49% | $2,212/mo | $2,015/mo |
| 4.99% | $2,324/mo | $2,132/mo |
| 5.49% | $2,439/mo | $2,253/mo |
| 5.99% | $2,557/mo | $2,377/mo |
| 6.49% | $2,677/mo | $2,503/mo |
30-year amortization on an insured (under-20%-down) mortgage is available only to first-time buyers or new-build purchasers. See how we calculate.
Add your tax, heating, and down payment
This table is principal and interest only. For your full monthly housing cost — including property tax, heating, and CMHC insurance if you put less than 20% down — run your exact numbers.
Open the payment calculator →$400,000 mortgage payment FAQ
- What is the monthly payment on a $400,000 mortgage in Alberta?
- At 5.49% over a 25-year amortization with Canadian semi-annual compounding, the payment on a $400,000 mortgage is about $2,439 per month (principal and interest only). Your rate, amortization, property tax, and heating change the total.
- Does this include property tax, heating, or insurance?
- No — the table shows principal and interest only. Your full monthly housing cost also includes property tax, heating, and condo fees if applicable. Use the payment calculator to add those.
- Why is the payment different from an American calculator?
- Canadian fixed mortgages compound semi-annually, not monthly, so the effective monthly rate is slightly lower. We use the Canadian standard formula on every page.
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