Mortgage Calculator: What payments will you have to make?
Know the monthly payment you will need to make on your mortgage
*These figures and calculations are for illustrative purposes only and may not be used for contractual purposes. Certain conditions apply. Subject to change without notice.
* Some conditions may apply. Subject to change without notice. Rates may vary depending on amount borrowed, collateral offered or other factors. Contact your Mortgage Broker at Yves St-Denis Mortgage Brokers for more information.
The best mortgage is here!
On this page you will see the current interest rates offered by Canada’s most competitive banks and lenders.
We update these rates regularly, so you won’t have any nasty surprises when you call us.
Contact us immediately and tell us what you need. We’ll tell you what rates are available, absolutely free. You don’t have to do anything.
Should you choose a variable or fixed interest rate?
If you are looking for a low interest rate, you may want to consider a variable rate. Loans fluctuate with the prime rate and the market, so if you’re worried about rates going up, a variable rate might be a good choice. However, if you prefer stability, a 5-year fixed rate is usually the best option.
Fixed Rates: A GOOD WAY TO SECURE YOUR RATE AND NOT SUFFER ANY FLUCTUATIONS
The most common mortgages are five-year fixed-rate mortgages because they allow you to plan your monthly payments exactly, while protecting you from possible increases.
Fixed rates are generally higher than variable rates. If you are looking for a loan with a lower interest rate, consider switching to a variable rate. You can always switch back to a fixed rate if you need to.
Variable Rates: LOWER THAN FIXED RATES BUT RISKy
Variable rates can be attractive because they are often cheaper than fixed rates. However, they can also fluctuate with the market, which can work in your favor… or against you if they rise overnight.
Use our mortgage calculator to simulate your payments with a fixed and a variable interest rate.