1. Compare rates among the major Canadian banks and Buyingblock.
2. Enter your information and calculate your payments.
3. See what you save with Buyingblock over the bank rates.
4. Get a quick no obligation mortgage approval.
Property Amount :
$
Down Payment
Down Payment
The down payment is the cash you will contribute to your house purchase. This does not include mortgage funds.
The larger your down payment, the easier it is to qualify for a mortgage. If your down payment is only five per cent of the price of the home, the banks have a strict lending criteria. But if you have a 50-percent down payment, they will be much more flexible.
You can buy with no money down, but mortgages of this kind are expensive and are difficult to obtain. Most people will need at least five or 10 percent of the purchase price for a down payment.
:
%
Amortization
Amortization
This is the number of years it will take to pay back your mortgage loan. The amortization period is usually 25 years for a new mortgage. But it can be up to 40 years.
Period :
Term
1 yr Closed
2 yr Closed
3 yr Closed
4 yr Closed
5 yr Closed
5 yr Variable
7 yr Closed
10 yr Closed
BuyingBlock
2.6
2.99
2.9
3.59
3.64
2.1
4.8
5.14
TD
2.6
3.25
3.7
3.89
3.99
2.25
4.85
5.19
Scotia
2.64
3.55
4.1
4.49
3.99
2.25
5.25
5.25
CIBC
2.64
3.45
3.65
3.89
3.99
2.25
5.25
5.3
RBC
3
3.3
3.65
3.89
3.99
2.25
4.85
5.19
ING
2.8
3.45
3.79
3.99
3.89
2.1
5.2
5.5
HSBC
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BMO
2.9
3.3
3.79
4.09
3.89
2.25
5.2
5.3
Maple Trust
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Buyingblock Monthly Payment
Bank Monthly Payment
Buyingblock Savings
Buyingblock Savings
Savings over the term.
This data is for information purposes only and should be verified by contacting Buyingblock. Rates are subject to change without notice and are excluding insurance
premiums for high ratio mortgages.
