Home Mortgage Snapshot

   Lender   var   6mo O   6mo C   1yr O   1yr C   2yr C   3yr C   4yr C   5yr C 
  Bank of Montreal 4.400 6.950 4.200 6.950 3.290 3.290 3.890 4.240 4.990 
  Bank of Nova Scotia - 6.450 4.750 6.500 3.490 3.290 3.740 4.090 4.990 
  CIBC Mortgages 4.500 6.950 3.750 6.350 3.140 3.090 3.540 4.190 4.890 
  HSBC Bank 4.390 4.100 3.690 4.990 2.840 2.890 2.940 2.990 2.990 
  Laurentian Bank - 6.700 4.400 6.300 3.240 3.240 3.590 4.090 4.990 
  National Bank - 6.700 4.400 6.700 3.240 3.240 3.590 3.890 4.990 
  Royal Bank of Canada 4.750 7.000 3.340 7.000 3.340 3.390 4.000 4.740 4.990 
  President's Choice - - 6.190 - 3.440 3.090 3.490 4.090 4.540 
  TD Canada Trust 4.350 - 3.140 4.500 3.040 3.240 3.440 3.890 4.990 



 
How Much Can You Afford?

Based on 5.8% three-year rate.  
 Gross incomeMaximum mortgageAffordable Home25% downpayment
 $50,000$192,419$256,559$64,140
 $75,000$288,630$384,840$96,210
 $100,000$384,840$513,120$128,280
 $120,000$461,808$615,744$153,936