Compare Bank Mortgage Rates in Canada
Please click on the logos below to compare bank mortgage rates for each of the corresponding lenders:
Bank of Montreal Mortgage Rates
RBC Bank Mortgage Rates
Compare Verico Mortgage Rates With the Banks
Lets look at what a small difference in interest rate can do to your monthly housing costs. For the sake of this example we will use a typical $250,000 mortgage and a half point difference in interest rate.
3.5% Mortgage Rate
25 Year Amortization
$40,590 Amount of interest you will pay over the 5 year term of the mortgage.
Now lets compare a mortgage rate your bank offers you that is 0.5% higher and you are considering staying with this mortgage rate.
4.0% Mortgage Rate
25 year Amortization
$46,537 Amount of Interest over the term.
So that small difference in interest will save you $6,000! If we take the difference every month and apply it to your payment we can have your home paid off 2 years soon! This is why we think it is so important to compare mortgage rates when shopping for a mortgage, the numbers can really start to compound when you work with an expert who knows how to tailor the mortgage for you.
Here at Verico Mortgage we wanted to make it easier to compare bank mortgage rates by posting the web sites of Canada's big banks. Of course we have added a link to our own mortgage rates page as well so you can see how our interest rates compare with bank mortgage rates. With one of our mortgage brokers working for you, you will rest easy knowing you got the best mortgage rate in Canada!