Home Mortgage Snapshot

   Lender   var   6mo O   6mo C   1yr O   1yr C   2yr C   3yr C   4yr C   5yr C 
  Bank of Montreal 4.000 6.300 4.000 6.300 3.140 3.040 3.850 4.390 4.990 
  Bank of Nova Scotia - 6.450 4.550 6.500 3.290 3.140 3.440 3.940 4.790 
  CIBC Mortgages 4.000 6.700 4.450 6.350 2.990 2.940 3.650 4.240 4.990 
  HSBC Bank 4.000 6.200 4.450 6.350 3.600 3.950 4.450 4.990 5.340 
  Laurentian Bank - 6.700 4.400 6.300 3.140 3.140 3.500 4.390 4.790 
  National Bank - 6.700 4.400 6.700 3.140 3.040 3.750 4.390 4.790 
  President's Choice - - 6.190 - 3.190 2.940 3.590 4.040 4.440 
  Royal Bank of Canada 4.000 6.300 3.140 6.300 3.140 3.040 3.750 4.540 4.940 
  TD Canada Trust 4.000 - 4.000 6.300 3.090 3.040 3.440 3.940 4.790 



 
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