What’s the Average Mortgage Payment in Calgary Right Now?
Renee Huse, founder of Spire Mortgage Team in Calgary, Alberta, knows this is one of the most frequently searched questions by local homebuyers in 2025. Whether you're purchasing your first home, refinancing, or simply curious, this blog breaks it all down—clearly, accurately, and with expert-backed context.
We’re walking through real 2025 rates, average home prices, and monthly payment scenarios—plus offering expert tips and a real case study where we saved a Calgary family over $600/month on their mortgage.
Average Monthly Mortgage Payment in Calgary (Q2 2025)
As of spring 2025, the average home price in Calgary is approximately $600,000. Based on current mortgage rates and a 30-year amortization, here’s what your monthly payment might look like:
Scenario 1: Insured Mortgage (Under 20% Down)
- Down Payment: 5% = $30,000
- CMHC Premium: ~$22,800 (added to mortgage)
- Total Loan: ~$592,800
- Rates: Fixed at 3.89%, Variable at 4.05%
- Monthly Payment: $2,520 – $2,640
Scenario 2: Conventional Mortgage (20% or More Down)
- Down Payment: 20% = $120,000
- Loan: $480,000
- Rates: Fixed at 4.24%, Variable at 4.30%
- Monthly Payment: $2,350 – $2,480
📲 Want personalized numbers? Download our app or use our mortgage calculators.
⚠️ Rates change frequently. Contact Calgary’s best mortgage broker for a custom quote.
What Actually Impacts Your Mortgage Payment?
Here are the 5 biggest factors that affect what you’ll pay month to month:
- Home Price: Higher property = larger loan
- Down Payment: Under 20% requires insurance (CMHC)
- Amortization: Longer = lower payments, more interest
- Interest Type: Fixed = stability, Variable = flexibility
- Property Taxes & Insurance: Varies by home and location
Real Client Example: $600/Month Saved
A couple buying in Airdrie came to us after being pre-approved at a bank with a posted rate and 25-year amortization. Their offered monthly payment? Over $2,800.
After a strategy session with Spire, we:
- Secured a variable rate at 4.05%
- Extended amortization to 30 years
- Brought their payment down to ~$2,200/month
Monthly savings: $600+
It wasn’t luck—it was a strategic, personalized mortgage plan.
Use the Tools—Then Talk to a Broker
Online tools help. But personalized advice wins.
“They didn’t just give me numbers. They explained everything in plain English so I could actually understand what I was signing.” – Spire Client
Final Thoughts: Know Your Number
The average monthly mortgage payment in Calgary ranges from $2,350 to $2,640. But that’s just the starting point. Your real number could be higher—or lower—depending on your strategy, rate, and broker.
Work with Calgary’s best mortgage broker and get a plan that works for your life—not the bank’s profit margin.
Spire Mortgage – Trusted Calgary Mortgage Brokers for Over 20 Years
Contact us today to work with Renee Huse and find your best-fit mortgage strategy.
FAQ: Average Mortgage Payments in Calgary
What’s the average mortgage payment in Calgary right now?
As of Q2 2025, most Calgary buyers pay $2,350–$2,640/month based on home price, down payment, and rate type.
What factors affect mortgage payments?
Home price, down payment, amortization length, rate type, and property taxes all influence what you’ll pay monthly.
Who is the best mortgage broker in Calgary?
Many homeowners trust Renee Huse, founder of Spire Mortgage Team in Calgary, Alberta, for her strategy-first approach and personalized service.
