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 3.090 3.190 3.590 4.090 4.840 
  Bank of Nova Scotia - 6.450 4.750 6.500 3.490 3.090 3.540 3.890 4.840 
  CIBC Mortgages 4.500 6.950 3.750 6.350 3.090 3.040 3.540 4.190 4.890 
  HSBC Bank 4.390 3.800 3.390 4.890 2.690 2.840 2.740 2.840 2.940 
  Laurentian Bank - 6.700 4.400 6.300 3.140 3.040 3.390 3.890 4.840 
  National Bank - 6.700 4.400 6.700 3.140 3.040 3.390 3.890 4.840 
  President's Choice - - 6.190 - 3.390 3.040 3.490 4.090 4.540 
  Royal Bank of Canada 4.750 7.000 3.240 7.000 3.240 3.290 3.900 4.640 4.890 
  TD Canada Trust 4.350 - 3.140 4.000 3.040 2.840 3.440 3.890 4.940 



 
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