Home Mortgage Rates

Term Rate
Prime 3.00%
Variable 2.90%
1 Year 2.89%
3 Year 2.69%
4 Year 2.95%
5 Year 3.09%
10 Year 3.89%

Qualifying Rate

Feb 3 5.29%

Current Inflation

Dec 2.3%

5 Year Bond Yield

Feb 3 1.36%

Next Bank of Canada Meeting
Mar 8th, 2012

Special conditions apply
Mortgage Rates subject to change.

start your mortgage

IRD (Interest Rate Differential) Calculator

Are you curious how to calculate IRD? Refinancing early is simply a numbers game, sometimes it works and sometimes it does.

Here is a calculator that let’s you estimate your mortgage penalty.
Edit the figures in yellow text and press after each edit.

Input Mortgage Data
Current Mortgage Balance
Original Interest Rate %
Current Interest Rate (for remaining term) %
Remaining Term (in months)
3 Months Interest Penalty
Interest Rate Differential (IRD) Penalty

* For fixed-rate mortgages the penalty is
typically the greater of 3-months interest or the IRD. These are rough
estimates and will not precisely match your actual penalty.









 

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