This free tool from Shawn Selanders, an independent RECA-licensed mortgage broker in Alberta, lets you instantly calculate monthly mortgage payments, income required to qualify, and cash needed to close on any property. Enter a listing price and get three scenarios — 5%, 10%, and 20% down — with real numbers based on current rates.
Step 1: Enter the property price, or snap a photo of a listing and the tool reads it automatically.
Step 2: See instant results — monthly payments, income needed, cash to close, and CMHC insurance costs for three down payment scenarios.
Step 3: Share the results with your spouse, parents, or financial advisor via text, email, PDF, or WhatsApp.
Is this tool free?
Yes. Completely free, no signup required, no email required to use the calculator. You only enter your contact info if you want Shawn to follow up with you.
Is this a mortgage pre-approval?
No. This tool provides estimates for planning purposes only. A mortgage approval requires a full application, credit check, and income verification. Contact Shawn for a proper assessment.
How accurate are the numbers?
The calculations use current posted rates and standard CMHC insurance premiums. Your actual rate, payment, and qualification will depend on your credit, income, and the specific lender. These are solid estimates — not guarantees.
Can realtors use this tool with their clients?
Yes. Realtors can get free co-branded QR codes and email banners that link to this tool with their name and brokerage displayed. Learn about the free Leads on Autopilot program →
Who is Shawn Selanders?
Shawn Selanders is a RECA-licensed independent mortgage broker with 25+ years of experience, serving Calgary, Okotoks, High River, Diamond Valley, and communities across Southern Alberta. He has access to 20+ lenders including banks, credit unions, and alternative options. Read more about Shawn →
→ First-Time Home Buyer Guide — Alberta
→ What to Expect — The Mortgage Process
→ Check Your Credit Score — Free
→ Free Downloadable Mortgage Guides
→ Current Alberta Mortgage Rates
Want Real Numbers From a Real Lender?
Calculators give estimates. One call and I'll tell you exactly where you stand.
Shawn Selanders — RECA-Licensed Mortgage Broker — Your Local Mortgage Professionals — Serving Calgary, Okotoks, High River, Diamond Valley & Southern Alberta — 403-703-6847