Mortgages designed for Life
Mortgage Calculator

Mortgage Calculator

You can enter a loan amount and find out what your estimated monthly payments would be...

House Price
Down Payment
Interest Rate
%
Term Length
years
your payment is:

or enter the amount you want to pay per month and find out what size of mortgage you can afford.

Monthly Budget
Interest Rate
%
Term Length
years
 
 
mortgage amount:

Industry News

 Brian Hyytiainen bought a house and took out a five-year mortgage in 2011. Things have changed in his life, forcing him to put the house up for sale.
 
“I’m unable to continue to afford the house on my own,” he says. “I’d heard there would be a prepayment fee, but I had no idea the bank would take advantage of an already difficult situation and charge $13,000.”
 
He was dealing with RBC, Canada’s largest bank, which charged him an interest rate of 3.79%. That was what he saw on the first page of his mortgage agreement. Only on the third page – in fine print – did he find out that he had received a rate discount of 1.55%.
 
Most of the Big Five banks start with a high posted rate and offer discounts to customers who ask for one. It’s a game that has gone on for many years. But the high posted rate can come back to haunt customers who decide to break a closed mortgage at a time when rates are falling
Back to News

Archives

2014 [34] 2013 [62] 2012 [83] 2011 [148] 2010 [88]