Cranbrook Mortgage and Closing Cost Calculators
Run the numbers before you talk to anyone.
Three calculators I actually use with clients, built on current British Columbia rates. Drag a slider or click any box and type your own number.
Mortgage calculator
principal · interest · taxes · insuranceEstimate only. Payments are calculated monthly and do not include strata fees, utilities or your lender's specific compounding. Not a mortgage approval, a rate hold, or financial advice. Confirm every figure with a licensed mortgage broker or lender before you write an offer.
Closing cost calculator
British Columbia · what you need to close on a purchaseEstimate only, not tax or legal advice. Property transfer tax is charged at 1% on the first $200,000, 2% from $200,000 to $2,000,000, 3% from $2,000,000 to $3,000,000, and a further 2% on residential value above $3,000,000. Exemption eligibility depends on your personal circumstances. Rates and thresholds are set by the Province and can change in any budget. Confirm your final figure with your lawyer or notary before your completion date.
Selling cost calculator
British Columbia · tiered commission · your net proceedsCommission in British Columbia is usually a higher percentage on the first portion of the sale price and a lower percentage on the balance. Change either tier to match your agreement.
Commission is negotiable on every real estate contract. There is no standard, fixed or legally set rate in British Columbia, and what you see here is only a common starting point.
Estimate only, not tax, legal or accounting advice. Commission rates are set by agreement between you and your brokerage and are always negotiable. GST of 5% applies to real estate commission in British Columbia. Mortgage prepayment penalties vary widely by lender and are not included beyond the figure you enter. Confirm your net proceeds with your lawyer, notary or accountant before you commit.