Our Alberta mortgage calculator takes all of your taxes, regulations and fees into account when calculating your monthly payments and mortgage amounts. Of course, mortgage regulations changes from province to province, so it's crucial that the mortgage calculator you use is specific to where you live. different mortgage amounts, different rates, etc). A mortgage calculator gives you valuable insight into what your regular payments and amortization schedule will be in different scenarios (e.g. Getting a mortgage is a big decision with major financial implications, so it's critical to understand what you're signing yourself up for.