BC mortgage calculator
Compare BC mortgage scenarios with Property Transfer Tax tiers, first-time buyer exemptions, and 7% CMHC PST. Pre-loaded Vancouver and Victoria tabs with closing cost breakdown.
Mortgage Terms
Monthly Homeowner Expenses
Extra Payments
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Amortization Schedule
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| Payment Date | Total | Principal | Interest | Expenses | Extra | Balance |
|---|---|---|---|---|---|---|
2026 | $15,728 | $2,538 | $7,191 | $6,000 | $0 | $637,462 |
2027 | $62,913 | $10,441 | $28,472 | $24,000 | $0 | $627,021 |
2028 | $62,913 | $10,921 | $27,993 | $24,000 | $0 | $616,100 |
2029 | $62,913 | $11,423 | $27,491 | $24,000 | $0 | $604,677 |
2030 | $62,913 | $11,947 | $26,966 | $24,000 | $0 | $592,730 |
2031 | $62,913 | $12,496 | $26,417 | $24,000 | $0 | $580,234 |
2032 | $62,913 | $13,070 | $25,843 | $24,000 | $0 | $567,163 |
2033 | $62,913 | $13,671 | $25,243 | $24,000 | $0 | $553,493 |
2034 | $62,913 | $14,299 | $24,615 | $24,000 | $0 | $539,194 |
2035 | $62,913 | $14,956 | $23,958 | $24,000 | $0 | $524,238 |
2036 | $62,913 | $15,643 | $23,271 | $24,000 | $0 | $508,596 |
2037 | $62,913 | $16,361 | $22,552 | $24,000 | $0 | $492,234 |
2038 | $62,913 | $17,113 | $21,800 | $24,000 | $0 | $475,121 |
2039 | $62,913 | $17,899 | $21,014 | $24,000 | $0 | $457,222 |
2040 | $62,913 | $18,721 | $20,192 | $24,000 | $0 | $438,501 |
2041 | $62,913 | $19,581 | $19,332 | $24,000 | $0 | $418,919 |
2042 | $62,913 | $20,481 | $18,432 | $24,000 | $0 | $398,438 |
2043 | $62,913 | $21,422 | $17,491 | $24,000 | $0 | $377,016 |
2044 | $62,913 | $22,406 | $16,507 | $24,000 | $0 | $354,610 |
2045 | $62,913 | $23,435 | $15,478 | $24,000 | $0 | $331,175 |
2046 | $62,913 | $24,512 | $14,401 | $24,000 | $0 | $306,663 |
2047 | $62,913 | $25,638 | $13,275 | $24,000 | $0 | $281,025 |
2048 | $62,913 | $26,816 | $12,098 | $24,000 | $0 | $254,209 |
2049 | $62,913 | $28,048 | $10,866 | $24,000 | $0 | $226,161 |
2050 | $62,913 | $29,336 | $9,577 | $24,000 | $0 | $196,824 |
2051 | $62,913 | $30,684 | $8,229 | $24,000 | $0 | $166,140 |
2052 | $62,913 | $32,094 | $6,820 | $24,000 | $0 | $134,047 |
2053 | $62,913 | $33,568 | $5,345 | $24,000 | $0 | $100,479 |
2054 | $62,913 | $35,110 | $3,803 | $24,000 | $0 | $65,368 |
2055 | $62,913 | $36,723 | $2,190 | $24,000 | $0 | $28,645 |
2056 | $47,185 | $28,645 | $540 | $18,000 | $0 | $0 |
$5,243 monthly payment
MONTHLY PAYMENT
Closing cost estimate for CALC 1
Cash due at closing beyond your down payment of $160,000 on $800,000. CMHC premium of $0 is rolled into the mortgage.
| Line item | First-time buyer | Repeat buyer |
|---|---|---|
| Property transfer tax (PTT) | $6,000 | $14,000 |
| BC PST on CMHC premium (7%) | $0 | $0 |
| Legal fees | $1,750 | $1,750 |
| Title insurance | $325 | $325 |
| Home inspection | $500 | $500 |
| Closing adjustments | $1,750 | $1,750 |
| Total beyond down payment | $10,325 | $18,325 |
BC rules and closing costs
BC property transfer tax and Vancouver affordability
British Columbia charges Property Transfer Tax (PTT), not land transfer tax. The rate structure differs from Ontario: 1% on the first $200,000, 2% from $200,001 to $3,000,000, and 3% above that. On the Vancouver tab at $850,000, gross PTT is $15,000 for a repeat buyer. Victoria at $650,000 triggers $11,000 before exemptions. PTT is a closing-day cash cost separate from your monthly P&I.
First-time buyers may qualify for exemptions when the fair market value is under $860,000 (registered on or after April 1, 2024). Purchases at $500,000 or below receive a full exemption. Between $500,001 and $835,000, a flat $8,000 credit applies. On $850,000, a qualifying first-time buyer pays about $11,800 in net PTT after the sliding-scale exemption phases out. BC also offers a separate newly built home exemption for qualifying purchases of new construction up to $750,000, which can eliminate PTT entirely on eligible new builds.
CMHC insurance works the same as in other provinces, but BC charges 7% provincial sales tax on the premium in cash at closing. On the Vancouver insured path, a $23,715 premium adds about $1,660 in PST. Vancouver's higher purchase prices and lower property tax mill rates (modeled at 0.3%) push monthly P&I higher than Victoria despite similar contract rates. Use the Compare tab to see how the insured loan balance and PTT stack up across both cities.
Sources: Government of British Columbia, "Property Transfer Tax," accessed June 2026. URL: https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax. Canada Mortgage and Housing Corporation, "CMHC mortgage loan insurance costs," accessed June 2026. URL: https://www.cmhc-schl.gc.ca/consumers/home-buying/mortgage-loan-insurance-for-consumers/cmhc-mortgage-loan-insurance-cost. See also our BC mortgage guide.