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Mortgage Rates in Canada

Loan Comparison Calculator

Input Information
  Loan 1 Loan 2
Amount : ($)
Interest Rate : (%) (%)
Length : (Yrs) (Yrs)
Fees & Stamp Duty : ($) ($)

Now that you have more information about your mortgage, take the next step and speak to a Mortgage Consultant today!

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Financial Analysis (Switch to Plain English)
  Loan 1 Loan 2
Total Fees & Stamp Duty $1,200.00 $700.00
Amount Financed $250,000.00 $250,000.00
Monthly Principal & Interests : $1,334.23 $1,260.54
Total Monthly Payments : $480,321.61 $453,794.00
Payment Savings : $0.00 $26,527.61
Results: In Plain English (Switch to Financial Analysis)

While shopping for a home mortgage loan, you will be presented with different loan options. Plugging this information into the loan comparison calculator will allow you to determine which one is the best option for you.

If your loan is for $250,000.00, you might be able to choose a 30 year loan with an interest rate of 5.000% and an application fees plus stamp duty of $1,200.00. Or, you might be offered a 30 year loan with an interest rate of 4.500% and application fees and stamp duty of $700.00.

The first loan would come to $1,334.23 per month and the second loan would be $1,260.54.

When all is said in done, you will also pay less with the second loan. In fact, you will SAVE $26,527.61 with the SECOND loan because the first one would cost a total of $480,321.61 and the second would be $453,794.00.
DISCLAIMER: There is NO WARRANTY or guarantee, expressed or implied, for the accuracy of the information obtained by using these calculators or its applicability to your specific financial situation. While we make every effort humanly possible to maintain the highest degree of accuracy, every situation is different. Please consult an experienced Mortgages Canada representative for more information.