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Property Value The value of your new dream home (an estimate is fine).
Down Payment The initial upfront portion that you need to pay for the home. Your down payment needs to be at least 5% of the property value and 20% to avoid mortgage default insurance.
Mortgage Balance How much you still owe on your mortgage.
Additional Cash OPTIONAL - Refinancing? Add how much extra you're looking to borrow against the capital you have already built up in your home. Just remember - you can't go over a total mortgage value of 90% of your property value.
Mortgage Value The amount of money you'll need to borrow (but don't worry, we've calculated this for you).
Mortgage Type Fixed vs Variable
FIXED: mortgage rate does not change during your term - in other words you are locked in. VS. VARIABLE: mortgage rate changes during the term with the lender's prime rate.
Open vs Closed
CLOSED: you cannot pay off your mortgage early during the term without being charged a penalty. VS. OPEN: you can pay off your mortgage early with no penalty during the term.
HINT: Help! I'm a Mortgage Newbie, if you're not sure what to choose you're probably looking for a closed rate.
Mortgage Term How long the mortgage agreement is set for.
HINT: Help! I'm a Mortgage Newbie, if you're unsure what to select a five year term is the most popular choice.
Amortization Term How long it will take you to pay off your mortgage. If you're buying a home, the default value is 25 years.
Payment Type Basically how often you want to make your payments each month.
WISE MOVE: Looking to save MORE on your mortgage? Choose a rapid payment schedule.
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Loading Mortgage Rates

5 Year Fixed Closed Mortgage Rates

Last Updated: June 19, 2013 09:31:14
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    Sponsored Rates
    ATB Financial logo
    3.04%
    90 days
    Monthly
    $1188.25
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    3.09%
    90 days
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    $1194.69
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    90 days
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    Multi Prets Quebec logo
    2.84%
    30 days
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    $1162.69
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    Mortgagestogo Inc logo
    2.84%
    90 days
    Very low rates are subject to good credit *Some restrictions apply.
    Monthly
    $1162.69
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    Mortgage Pal logo
    2.85%
    90 days
    Monthly
    $1163.96
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    Verico Butler Mortgages logo
    2.88%
    30 days
    Full Feature Mortgage. Major Bank
    Monthly
    $1167.77
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    DLC Mortgage North Star Mortgages logo
    2.89%
    120 days
    Monthly
    $1169.05
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    Dominon Lending Centre Main Quebec logo
    2.89%
    N/A
    Rates may vary Province to Province. Rates subject to change without notice. *O.A.C E&O.E
    Monthly
    $1169.05
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    Dominion Lending Centres Ottawa Marc Ffrench logo
    2.89%
    90 days
    Owner Occupied,Fully featured mortgage
    Monthly
    $1169.05
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    TMG The Mortgage Associates logo
    2.89%
    120 days
    Monthly
    $1169.05
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    First Calgary Financial logo
    2.95%
    90 days
    Monthly
    $1176.71
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    Mortgage Alliance Alberta logo
    2.99%
    90 days
    No pre-approvalsLow Rate Basic Mortgage High ratio and Conventional on purchase and refinance
    Monthly
    $1181.83
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    The Mortgage Centre TMK Team logo
    2.99%
    120 days
    $500 cash back
    Monthly
    $1181.83
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    Premier Mortgages logo
    2.99%
    120 days
    NO RESTRICTIONS
    Monthly
    $1181.83
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    Caisse Financial Group logo
    2.99%
    90 days
    Manitoba only. 90 day rate hold. Conditions apply.
    Monthly
    $1181.83
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    Taurus Mortgage Capital logo
    2.99%
    120 days
    Monthly
    $1181.83
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    True North Mortgage logo
    3.04%
    30 days
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    Monthly
    $1188.25
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    Sullivan Mortgage Group logo
    3.04%
    60 days
    60 day Quick close purchase and refinance only, minimum $150 000
    Monthly
    $1188.25
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    ING Direct logo
    3.08%
    120 days
    Monthly
    $1193.40
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    Axiom Mortgage logo
    3.09%
    120 days
    Monthly
    $1194.69
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    Bank of Montreal logo
    3.09%
    90 days
    Monthly
    $1194.69
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    Manulife Bank logo
    3.09%
    60 days
    Monthly
    $1194.69
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    Bank of Montreal BC logo
    3.09%
    90 days
    Monthly
    $1194.69
    Get This Rate
    Coast Capital Savings logo
    3.14%
    90 days
    BC residents only.
    Monthly
    $1201.15
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    League Savings & Mortgage logo
    3.19%
    N/A
    Monthly
    $1207.62
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    Meridian Credit Union logo
    3.19%
    120 days
    Full feature mortgage.
    Monthly
    $1207.62
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    Home Trust Canada logo
    3.19%
    N/A
    Monthly
    $1207.62
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    RBC Mortgage Specialists logo
    3.29%
    90 days
    Monthly
    $1220.63
    Get This Rate
    PC Financial Mortgages logo
    3.39%
    N/A
    Monthly
    $1233.70
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    HSBC Bank Canada logo
    3.49%
    60 days
    Monthly
    $1246.86
    Get This Rate
    Scotiabank logo
    4.99%
    120 days
    Monthly
    $1452.59
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    Royal Bank of Canada logo
    5.14%
    90 days
    Monthly
    $1474.00
    Get This Rate
    Servus Credit Union logo
    5.14%
    N/A
    Monthly
    $1474.00
    Get This Rate
    CIBC Mortgages logo
    5.14%
    90 days
    Monthly
    $1474.00
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    Caisses Desjardins logo
    5.14%
    N/A
    Monthly
    $1474.00
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    National Bank logo
    5.14%
    90 days
    Monthly
    $1474.00
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    TD Canada Trust logo
    5.14%
    120 days
    Monthly
    $1474.00
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    Equitable Trust logo
    5.14%
    N/A
    Monthly
    $1474.00
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    Laurentian Bank Canada logo
    5.14%
    90 days
    Monthly
    $1474.00
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    Rate and product information are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details.

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