Associate / REALTOR®


Knowing how much you can afford

This is one of the most important steps on your journey to becoming a home owner. 

Reach out to a Mortgage Specialist as soon as possible, they will help you understand your financial position and design an action plan if needed to achieve your goals.

Getting a pre-approval and having the money for your down payment set aside and ready, will help you and your Realtor® define your buying limits, save you time, keep expectations within realistic boundaries and provide a solid ground to negotiate. 

Feel free to play around with some numbers by using the calculator below! 

Have any questions for me? Need some Mortgage Specialist referrals? Feel free to reach out to me anytime. 

How to set up your down payment amount:

  • $500k or less - 5%
  • $500k to $999,999.00 - 5% on the first $500k and 10% on the balance
  • $1M or more - 20%

More info: How much you need for a down payment - Canada.ca

About closing costs:

  • This amount varies, but as a buyer you will typically have Home Inspection costs and Lawyer fees.

Mortgage Calculator

This calculator is for information purposes only. Users should not use this calculator to make any financial decisions and should speak with their bank or mortgage broker. The website owner does not guarantee the accuracy or reliability of any information or calculations provided by this calculator. The website owner is not liable for loss or damage of any kind arising from the use of this tool.
Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.