{"id":48,"date":"2022-05-05T14:14:52","date_gmt":"2022-05-05T18:14:52","guid":{"rendered":"http:\/\/meilleures-hypotheques.ca\/calculatrice-hypothecaire\/"},"modified":"2024-11-28T01:45:46","modified_gmt":"2024-11-28T06:45:46","slug":"mortgage-calculator","status":"publish","type":"page","link":"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-calculator\/","title":{"rendered":"Mortgage Calculator"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-48\" data-postid=\"48\" class=\"themify_builder_content themify_builder_content-48 themify_builder tf_clear\">\n                    <div  data-parallax-bg=\"tablet\" data-css_id=\"nppr826\" data-lazy=\"1\" class=\"module_row themify_builder_row fullwidth_row_container tb_nppr826 tb_first tf_w\">\n                        <div class=\"row_inner col_align_middle tb_col_count_2 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col4-2 tb_8k33827 first\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_ncpl827  fullcover  wow\" data-tf-animation=\"fadeInUp\" data-lazy=\"1\" data-lax-translate-y=\"(vh*0.3) 0,(vh*0.1) -70\" data-lax-opacity=\"(vh*0.3) 1,(vh*0) 0\" data-lax=\"true\">\n        <div  class=\"tb_text_wrap\">\n        <h1 class=\"page-title\" style=\"text-align: left;\">Mortgage Rate Calculator<\/h1>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <div  data-lazy=\"1\" class=\"module_column tb-column col4-2 tb_rxtg827 last\">\n                            <\/div>\n                        <\/div>\n        <\/div>\n                        <div  data-lazy=\"1\" class=\"module_row themify_builder_row tb_rnwf365 tf_w\">\n                        <div class=\"row_inner col_align_top tb_col_count_1 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col-full tb_l0n1366 first\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_p5n3366   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <h2><b>Calculate your mortgage payments according to your borrowing capacity<\/b>!<\/h2>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                        <\/div>\n        <\/div>\n                        <div  data-css_id=\"d8yz526\" data-lazy=\"1\" class=\"module_row themify_builder_row fullwidth_row_container tb_d8yz526 tf_w\">\n                        <div class=\"row_inner col_align_top tb_col_count_1 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col-full tb_0xcc527 first\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_5hki285 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <div id=\"calculator\"><\/div>\n<script type=\"text\/javascript\">\njQuery().ready(function() {\n\tjQuery( \"#calculator\" ).load( \"https:\/\/components.devyent.ca\/hypothecaire\/calculator.php?lang=en&version=v1\");\n});\n<\/script>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_ag0f522   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p style=\"text-align: center;\"><span class=\"legal\">*These figures and calculations are for illustrative purposes only and may not be used for contractual purposes. Certain conditions apply. Subject to change without notice.<\/span><\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                        <\/div>\n        <\/div>\n                        <div  data-css_id=\"y85h122\" data-lazy=\"1\" class=\"module_row themify_builder_row fullwidth tb_y85h122 tf_w\">\n                        <div class=\"row_inner col_align_top tb_col_count_1 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col-full tb_stt0123 first\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_ftiv123 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <link rel=\"stylesheet\" href=\"http:\/\/cdnjs.cloudflare.com\/ajax\/libs\/font-awesome\/4.4.0\/css\/font-awesome.min.css\">\n<h5 class=\"current-date\"id=\"date\"style=\"letter-spacing:0px;\"><\/h5>\n\n    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module plain text -->\n<div  class=\"module module-plain-text tb_a4kx124 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <div id=\"response\" style=\"display:none;\"><\/div>\n<script>\n    var Vjson = \"\";\n    var taux1 = \"k\";\n    var today = new Date();\n    var dd = today.getDate();\n    var mm = today.getMonth() + 1; \/\/January is 0!\n    var yyyy = today.getFullYear();\n    if (dd < 10) {\n        dd = '0' + dd;\n    }\n    if (document.documentElement.lang == 'en-CA') {\n        var month = 'January';\n        switch (mm) {\n            case 1:\n                month = 'January';\n                break;\n            case 2:\n                month = 'February';\n                break;\n            case 3:\n                month = 'March';\n                break;\n            case 4:\n                month = 'April';\n                break;\n            case 5:\n                month = 'May';\n                break;\n            case 6:\n                month = 'June';\n                break;\n            case 7:\n                month = 'July';\n                break;\n            case 8:\n                month = 'August';\n                break;\n            case 9:\n                month = 'September';\n                break;\n            case 10:\n                month = 'October';\n                break;\n            case 11:\n                month = 'November';\n                break;\n            case 12:\n                month = 'December';\n                break;\n        }\n        var neew = document.getElementById('date');\n        neew.innerHTML = 'Updated to ' + dd + ' ' + month + ' ' + yyyy;\n        var textDown = document.getElementById('text_bottom');\n        const url = \"https:\/\/components.devyent.ca\/hypothecaire\/rates.php\";\n        fetch(url)\n            .then(response => response.json())\n            .then(data => {\n                document.getElementById('taux1').innerHTML = data.best_rates[1].MPH + ' ' + '%';\n                document.getElementById('years_fiexe1').innerHTML = data.best_rates[1].ProdNameEn + ' fixed';\n                document.getElementById('tax_total1').innerHTML = data.best_rates[1].Posted + ' ' + '%';\n                document.getElementById('taux2').innerHTML = data.best_rates[3].MPH + ' ' + '%';\n                document.getElementById('years_fiexe2').innerHTML = data.best_rates[3].ProdNameEn + ' fixed';\n                document.getElementById('tax_total2').innerHTML = data.best_rates[3].Posted + ' ' + '%';\n                document.getElementById('taux3').innerHTML = data.best_rates[5].MPH + ' ' + '%';\n                document.getElementById('years_fiexe3').innerHTML = data.best_rates[5].ProdNameEn + ' fixed';\n                document.getElementById('tax_total3').innerHTML = data.best_rates[5].Posted + ' ' + '%';\n                document.getElementById('taux4').innerHTML = data.best_rates[0].MPH + ' ' + '%';\n                document.getElementById('years_fiexe4').innerHTML = data.best_rates[0].ProdNameEn;\n                document.getElementById('tax_total4').innerHTML = data.best_rates[0].Posted + ' ' + '%';\n            });\n    } else {\n        var month = 'janvier';\n        switch (mm) {\n            case 1:\n                month = 'janvier';\n                break;\n            case 2:\n                month = 'f\u00e9vrier';\n                break;\n            case 3:\n                month = 'mars';\n                break;\n            case 4:\n                month = 'avril';\n                break;\n            case 5:\n                month = 'mai';\n                break;\n            case 6:\n                month = 'juin';\n                break;\n            case 7:\n                month = 'juillet';\n                break;\n            case 8:\n                month = 'ao\u00fbt';\n                break;\n            case 9:\n                month = 'septembre';\n                break;\n            case 10:\n                month = 'octobre';\n                break;\n            case 11:\n                month = 'novembre';\n                break;\n            case 12:\n                month = 'd\u00e9cembre';\n                break;\n        }\n        var neew = document.getElementById('date');\n        neew.innerHTML = 'En date du ' + dd + ' ' + month + ' ' + yyyy;\n        const url = \"https:\/\/components.devyent.ca\/hypothecaire\/rates.php\";\n        fetch(url)\n            .then(response => response.json())\n            .then(data => {\n                document.getElementById('taux1').innerHTML = data.best_rates[1].MPH + ' ' + '%';\n                document.getElementById('years_fiexe1').innerHTML = data.best_rates[1].ProdNameFr + ' fixe';\n                document.getElementById('tax_total1').innerHTML = data.best_rates[1].Posted + ' ' + '%';\n                document.getElementById('taux2').innerHTML = data.best_rates[3].MPH + ' ' + '%';\n                document.getElementById('years_fiexe2').innerHTML = data.best_rates[3].ProdNameFr + ' fixe';\n                document.getElementById('tax_total2').innerHTML = data.best_rates[3].Posted + ' ' + '%';\n                document.getElementById('taux3').innerHTML = data.best_rates[5].MPH + ' ' + '%';\n                document.getElementById('years_fiexe3').innerHTML = data.best_rates[5].ProdNameFr + ' fixe';\n                document.getElementById('tax_total3').innerHTML = data.best_rates[5].Posted + ' ' + '%';\n                document.getElementById('taux4').innerHTML = data.best_rates[0].MPH + ' ' + '%';\n                document.getElementById('years_fiexe4').innerHTML = data.best_rates[0].ProdNameFr;\n                document.getElementById('tax_total4').innerHTML = data.best_rates[0].Posted + ' ' + '%';\n            });\n    }\n<\/script>    <\/div>\n<\/div>\n<!-- \/module plain text -->        <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top gutter-none tb_col_count_5 tb_kwbp602\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column col5-1 tb_daxo602 first\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_xea0603  hide-tablet hide-mobile\" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"taux_multi_green\">Multi-Pr\u00eats rate<\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module plain text -->\n<div  class=\"module module-plain-text tb_7y0h603  hide-tablet hide-mobile\" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"taux_multi_white\">Mortgage rates as of today<\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text -->        <\/div>\n                    <div  data-lazy=\"1\" class=\"module_column sub_column col5-1 tb_qaf0603\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_xk4h603 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h2 class=\"taux-hypothecaire\"id=\"taux1\"><\/h2>\n    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_x069603    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>    <\/div>\n<\/div>\n<!-- \/module text --><!-- module plain text -->\n<div  class=\"module module-plain-text tb_wb7n603 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"years_fiexe1\"class=\"year1\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module buttons -->\n<div  class=\"module module-buttons tb_tv0g603 buttons-horizontal outline botones \" data-lazy=\"1\">\n        <div class=\"module-buttons-item tf_in_flx\">\n                        <a href=\"\/en\/get-my-rate\/\" class=\"ui builder_button tf_in_flx green\"  id=\"btn\">\n                                                Get this rate                                        <\/a>\n                <\/div>\n            <\/div>\n<!-- \/module buttons -->\n<!-- module plain text -->\n<div  class=\"module module-plain-text tb_m8iq603 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"tax_total1\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_9nfg603    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>Mortgage rates as of today<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <div  data-lazy=\"1\" class=\"module_column sub_column col5-1 tb_xyc0603\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_b809603 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h2 class=\"taux-hypothecaire\"id=\"taux2\"><\/h2>\n    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_b94i603    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>    <\/div>\n<\/div>\n<!-- \/module text --><!-- module plain text -->\n<div  class=\"module module-plain-text tb_y15q603 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"years_fiexe2\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module buttons -->\n<div  class=\"module module-buttons tb_as1h603 buttons-horizontal outline botones \" data-lazy=\"1\">\n        <div class=\"module-buttons-item tf_in_flx\">\n                        <a href=\"\/en\/get-my-rate\/\" class=\"ui builder_button tf_in_flx green\"  id=\"btn\">\n                                                Get this rate                                        <\/a>\n                <\/div>\n            <\/div>\n<!-- \/module buttons -->\n<!-- module plain text -->\n<div  class=\"module module-plain-text tb_kzmc604 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"tax_total2\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_xuv1604    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>Mortgage rates as of today<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <div  data-lazy=\"1\" class=\"module_column sub_column col5-1 tb_6xsd604\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_johw604 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h2 class=\"taux-hypothecaire\"id=\"taux3\"><\/h2>\n    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_gwem604    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>    <\/div>\n<\/div>\n<!-- \/module text --><!-- module plain text -->\n<div  class=\"module module-plain-text tb_lhxr604 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"years_fiexe3\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module buttons -->\n<div  class=\"module module-buttons tb_oe9q604 buttons-horizontal outline botones \" data-lazy=\"1\">\n        <div class=\"module-buttons-item tf_in_flx\">\n                        <a href=\"\/en\/get-my-rate\/\" class=\"ui builder_button tf_in_flx green\"  id=\"btn\">\n                                                Get this rate                                        <\/a>\n                <\/div>\n            <\/div>\n<!-- \/module buttons -->\n<!-- module plain text -->\n<div  class=\"module module-plain-text tb_42ex604 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"tax_total3\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_rxo9604    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>Mortgage rates as of today<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <div  data-lazy=\"1\" class=\"module_column sub_column col5-1 tb_3ib1604 last\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_83gc604 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h2 class=\"taux-hypothecaire\"id=\"taux4\"><\/h2>\n    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_bzb3604    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>    <\/div>\n<\/div>\n<!-- \/module text --><!-- module plain text -->\n<div  class=\"module module-plain-text tb_xsw5604 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"years_fiexe4\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module buttons -->\n<div  class=\"module module-buttons tb_sh31604 buttons-horizontal outline botones \" data-lazy=\"1\">\n        <div class=\"module-buttons-item tf_in_flx\">\n                        <a href=\"\/en\/get-my-rate\/\" class=\"ui builder_button tf_in_flx green\"  id=\"btn\">\n                                                Get this rate                                        <\/a>\n                <\/div>\n            <\/div>\n<!-- \/module buttons -->\n<!-- module plain text -->\n<div  class=\"module module-plain-text tb_ju6a604 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <h3 id=\"tax_total4\"><\/h3>    <\/div>\n<\/div>\n<!-- \/module plain text --><!-- module text -->\n<div  class=\"module module-text tb_7umz604    hide-desktop hide-tablet_landscape\" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>Mortgage rates as of today<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <\/div>\n                <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top tb_col_count_1 tb_prsc422\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column col-full tb_p3tx422 first\">\n                    <!-- module buttons -->\n<div  class=\"module module-buttons tb_ltop423 buttons-horizontal solid btn  tb_gs408627\" data-lazy=\"1\">\n        <div class=\"module-buttons-item tf_in_flx\">\n                        <a href=\"\/en\/get-my-rate\" class=\"ui builder_button tf_in_flx transparent\" >\n                                                Get your rate                                        <em><svg  class=\"tf_fa tf-ti-angle-right\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-angle-right\" xlink:href=\"#tf-ti-angle-right\"><\/use><\/svg><\/em>                            <\/a>\n                <\/div>\n            <\/div>\n<!-- \/module buttons -->\n<!-- module plain text -->\n<div  class=\"module module-plain-text tb_pe1z423 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n     <p id=\"text_bottom\">* Some conditions may apply. Subject to change without notice. Rates may vary depending on amount borrowed, collateral offered or other factors. Contact your Mortgage Broker at Yves St-Denis Mortgage Brokers for more information.<\/p>    <\/div>\n<\/div>\n<!-- \/module plain text -->        <\/div>\n                    <\/div>\n                <\/div>\n                        <\/div>\n        <\/div>\n                        <div  data-css_id=\"63us668\" data-lazy=\"1\" class=\"module_row themify_builder_row fullwidth_row_container tb_63us668 tf_w\">\n                        <div class=\"row_inner col_align_top tb_col_count_1 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col-full tb_t79i680 first\">\n                    <!-- module fancy heading -->\n<div  class=\"module module-fancy-heading tb_ztce680  inline-fancy-heading tb_hide_divider tb_gs1383628\" data-lazy=\"1\">\n        <h2 class=\"fancy-heading\">\n    <span class=\"main-head tf_inline_b\">\n                    Find the right mortgage for             <\/span>\n\n    \n    <span class=\"sub-head tf_inline_b tf_rel\">\n                    your needs            <\/span>\n    <\/h2>\n<\/div>\n<!-- \/module fancy heading -->\n<!-- module text -->\n<div  class=\"module module-text tb_r4cp681   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>We compare the most competitive banks and lenders in Canada for you at no cost, so you can get the best mortgage rates available today. At the top of this page, you&#8217;ll find the best mortgage rates in Canada. They are the most recent and lowest interest rates accessible, and they are updated in real time. In a few simple steps, request a mortgage estimate to discover more about the rate you could qualify for.<\/p>\n<p>You are under no obligation to engage in the procedure, and it is completely free.<\/p>    <\/div>\n<\/div>\n<!-- \/module text --><!-- module accordion -->\n<div  class=\"module module-accordion tb_3vu1681 \" data-behavior=\"accordion\" data-lazy=\"1\">\n    \n    <ul class=\"ui module-accordion separate rounded tb_default_color\">\n            <li>\n            <div class=\"accordion-title tf_rel\">\n                <a href=\"#acc-3vu1681-0\" class=\"tb_title_accordion\" aria-controls=\"acc-3vu1681-0-content\" aria-expanded=\"false\">\n                    <i class=\"accordion-icon\"><svg  class=\"tf_fa tf-ti-arrow-circle-down\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-down\" xlink:href=\"#tf-ti-arrow-circle-down\"><\/use><\/svg><\/i>                    <i class=\"accordion-active-icon tf_hide\"><svg  class=\"tf_fa tf-ti-arrow-circle-up\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-up\" xlink:href=\"#tf-ti-arrow-circle-up\"><\/use><\/svg><\/i>                    <span class=\"accordion-title-wrap\">Factors that may have an impact on your mortgage interest rate<\/span>                <\/a>\n            <\/div><!-- .accordion-title -->\n            <div id=\"acc-3vu1681-0-content\" data-id=\"acc-3vu1681-0\" aria-hidden=\"true\" class=\"accordion-content tf_hide tf_clearfix\">\n                        <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top tb_col_count_1 tb_t0hl634\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column tb_avhi634 first\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_xdli634   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>It&#8217;s important to keep in mind that the best mortgage rate you qualify for may change depending on factors unique to your borrowing position. Some of the factors that determine the mortgage rate you qualify for are as follows:<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <\/div>\n                    <\/div><!-- .accordion-content -->\n        <\/li>\n            <li>\n            <div class=\"accordion-title tf_rel\">\n                <a href=\"#acc-3vu1681-1\" class=\"tb_title_accordion\" aria-controls=\"acc-3vu1681-1-content\" aria-expanded=\"false\">\n                    <i class=\"accordion-icon\"><svg  class=\"tf_fa tf-ti-arrow-circle-down\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-down\" xlink:href=\"#tf-ti-arrow-circle-down\"><\/use><\/svg><\/i>                    <i class=\"accordion-active-icon tf_hide\"><svg  class=\"tf_fa tf-ti-arrow-circle-up\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-up\" xlink:href=\"#tf-ti-arrow-circle-up\"><\/use><\/svg><\/i>                    <span class=\"accordion-title-wrap\">The mortgage type: <\/span>                <\/a>\n            <\/div><!-- .accordion-title -->\n            <div id=\"acc-3vu1681-1-content\" data-id=\"acc-3vu1681-1\" aria-hidden=\"true\" class=\"accordion-content tf_hide tf_clearfix\">\n                        <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top tb_col_count_1 tb_huh5634\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column tb_dl2o634 first\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_envf634   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>You&#8217;ll pay a higher rate if you refinance instead of buying or renewing your mortgage. Instead of refinancing, those who currently have a mortgage, have good credit, and have paid down more than 20% of their home&#8217;s value may choose to consider a home equity line of credit (HELOC).<\/p>\n<p>If you are purchasing a home with a down payment of less than 20% of the purchase price and the property&#8217;s worth is less than $1 million, you will need to buy mortgage default insurance (CMHC insurance). This insurance is distinct from your mortgage and, while more expensive,<\/p>\n<p>will help you receive a lower mortgage rate by making your loan less risky for your lender. If you&#8217;re renewing your mortgage, you&#8217;ll only be able to get the best rates if your first mortgage was insured by the Canada Mortgage and Housing Corporation (CMHC).<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <\/div>\n                    <\/div><!-- .accordion-content -->\n        <\/li>\n            <li>\n            <div class=\"accordion-title tf_rel\">\n                <a href=\"#acc-3vu1681-2\" class=\"tb_title_accordion\" aria-controls=\"acc-3vu1681-2-content\" aria-expanded=\"false\">\n                    <i class=\"accordion-icon\"><svg  class=\"tf_fa tf-ti-arrow-circle-down\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-down\" xlink:href=\"#tf-ti-arrow-circle-down\"><\/use><\/svg><\/i>                    <i class=\"accordion-active-icon tf_hide\"><svg  class=\"tf_fa tf-ti-arrow-circle-up\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-up\" xlink:href=\"#tf-ti-arrow-circle-up\"><\/use><\/svg><\/i>                    <span class=\"accordion-title-wrap\">The property's planned use:<\/span>                <\/a>\n            <\/div><!-- .accordion-title -->\n            <div id=\"acc-3vu1681-2-content\" data-id=\"acc-3vu1681-2\" aria-hidden=\"true\" class=\"accordion-content tf_hide tf_clearfix\">\n                        <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top tb_col_count_1 tb_7u0y635\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column tb_ej1z635 first\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_01z9635   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>If you plan to rent rather than reside in your home, your mortgage rate will be higher.<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <\/div>\n                    <\/div><!-- .accordion-content -->\n        <\/li>\n            <li>\n            <div class=\"accordion-title tf_rel\">\n                <a href=\"#acc-3vu1681-3\" class=\"tb_title_accordion\" aria-controls=\"acc-3vu1681-3-content\" aria-expanded=\"false\">\n                    <i class=\"accordion-icon\"><svg  class=\"tf_fa tf-ti-arrow-circle-down\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-down\" xlink:href=\"#tf-ti-arrow-circle-down\"><\/use><\/svg><\/i>                    <i class=\"accordion-active-icon tf_hide\"><svg  class=\"tf_fa tf-ti-arrow-circle-up\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-arrow-circle-up\" xlink:href=\"#tf-ti-arrow-circle-up\"><\/use><\/svg><\/i>                    <span class=\"accordion-title-wrap\">Your amortization schedule:<\/span>                <\/a>\n            <\/div><!-- .accordion-title -->\n            <div id=\"acc-3vu1681-3-content\" data-id=\"acc-3vu1681-3\" aria-hidden=\"true\" class=\"accordion-content tf_hide tf_clearfix\">\n                        <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top tb_col_count_1 tb_2uep635\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column tb_kj8m635 first\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_fb8i635   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>Insurable mortgages in Canada have a 25-year amortization length (i.e., mortgages for houses valued less than $1 million with less than a 20% down payment). If you put down at least 20% on a property, you may be able to receive a mortgage with a longer amortization period, such as 30 years, regardless of the price. Longer amortization periods usually mean lower monthly payments, but they may also mean a higher interest rate. In fact, waiting longer to pay off your mortgage will cost you more money in interest than paying it off sooner.<\/p>\n<p>Choose the mortgage that offers you the best interest rate.<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <\/div>\n                    <\/div><!-- .accordion-content -->\n        <\/li>\n        <\/ul>\n\n<\/div><!-- \/module accordion -->        <\/div>\n                        <\/div>\n        <\/div>\n                        <div  data-css_id=\"kb39967\" data-lazy=\"1\" class=\"module_row themify_builder_row fullwidth_row_container tb_kb39967 tf_w\">\n                        <div class=\"row_inner col_align_top tb_col_count_1 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col-full tb_j8vy968 first\">\n                    <!-- module fancy heading -->\n<div  class=\"module module-fancy-heading tb_py8k968  inline-fancy-heading tb_hide_divider\" data-lazy=\"1\">\n        <h2 class=\"fancy-heading\">\n    <span class=\"main-head tf_inline_b\">\n                    Is it better to have a             <\/span>\n\n    \n    <span class=\"sub-head tf_inline_b tf_rel\">\n                    variable or fixed mortgage rate?            <\/span>\n    <\/h2>\n<\/div>\n<!-- \/module fancy heading -->\n<!-- module text -->\n<div  class=\"module module-text tb_jht8969   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <p>The difference between fixed and variable mortgage rates is whether the interest rate changes over time or remains constant. Fixed rates stay the same for the duration of your loan, but variable rates change with your lender&#8217;s prime rate (typically 5 years).<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top tb_col_count_2 tb_lany969\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column tb_7327970 first\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_recv971   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <h4><strong>Fixed-rate mortgage rates:<\/strong><\/h4>\n<p>Fixed mortgage rates are preferred by borrowers because they are more predictable. In reality, 5-year fixed mortgage rates will account for around 46% of all new mortgages in 2020. A fixed-rate mortgage shields you from interest rate fluctuations by assuring that your monthly payments remain stable throughout the length of your loan, regardless of market fluctuations. A fixed rate mortgage is the ideal option for you if you have a low risk appetite. You won&#8217;t have to be concerned about interest rates because you&#8217;ll know your monthly payments up front.<\/p>    <\/div>\n<\/div>\n<!-- \/module text --><!-- module image -->\n<div  class=\"module module-image tb_sjds971 image-top   tf_mw\" data-lazy=\"1\">\n        <div class=\"image-wrap tf_rel tf_mw\">\n            <img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"852\" src=\"https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information.jpg\" class=\"wp-post-image wp-image-163\" title=\"Mortgage rates business concept of investment housing  real estate interest rates\" alt=\"Taux hypoth\u00e9caires concept commercial de l\u2019immobilier d\u2019investissement taux d\u2019int\u00e9r\u00eat immobilier\" srcset=\"https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information.jpg 1280w, https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information-300x200.jpg 300w, https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information-1024x682.jpg 1024w, https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information-768x511.jpg 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/>    \n        <\/div>\n    <!-- \/image-wrap -->\n    \n        <\/div>\n<!-- \/module image -->        <\/div>\n                    <div  data-lazy=\"1\" class=\"module_column sub_column tb_gcbk971 last\">\n                    <!-- module text -->\n<div  class=\"module module-text tb_ebx2971   \" data-lazy=\"1\">\n        <div  class=\"tb_text_wrap\">\n        <h4><strong>Fluctuating mortgage rates:<\/strong><\/h4>\n<p>Fixed mortgage rates are often more expensive than variable mortgage rates. However, they may vary during the term of your loan. The amount you pay on a variable mortgage is affected by market changes (through the prime rate), which impacts the amount you pay. As a result, the amount of your payment may vary overtime. As fixed rates rise in 2022, variable rates have become more tempting, causing more potential buyers to choose for 5-year variable rate mortgages.<\/p>\n<p>Variable rates are usually less expensive than fixed rates, but they are more volatile and might be considered riskier. Variable mortgage rates, on the other hand, offer a few key benefits to consider:<\/p>\n<p>You can alter your variable rate to a fixed rate at any time as long as you stay with your original mortgage provider.<\/p>\n<p>It is significantly less expensive to get rid of a variable rate mortgage than it is to get rid of a fixed rate mortgage. Our mortgage penalty calculator can assist you in determining the cost of paying down your mortgage.<\/p>\n<p>According to a key study published in 2001 by York University professor Moshe Milevsky, over 90% of Canadian borrowers who had a variable rate mortgage throughout the length of their loan paid less interest than those who had a fixed rate.<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->        <\/div>\n                    <\/div>\n                <div  data-lazy=\"1\" class=\"module_subrow themify_builder_sub_row tf_w col_align_top tb_col_count_2 tb_uujw131\">\n                <div  data-lazy=\"1\" class=\"module_column sub_column col4-2 tb_soas131 first\">\n                            <\/div>\n                    <div  data-lazy=\"1\" class=\"module_column sub_column col4-2 tb_3ms2570 last\">\n                    <!-- module buttons -->\n<div  class=\"module module-buttons tb_fl4y131 buttons-horizontal solid btn  tb_gs408627\" data-lazy=\"1\">\n        <div class=\"module-buttons-item tf_in_flx\">\n                        <a href=\"\/en\/get-my-rate\" class=\"ui builder_button tf_in_flx transparent\" >\n                                                Get your rate                                        <em><svg  class=\"tf_fa tf-ti-angle-right\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-angle-right\" xlink:href=\"#tf-ti-angle-right\"><\/use><\/svg><\/em>                            <\/a>\n                <\/div>\n            <\/div>\n<!-- \/module buttons -->\n        <\/div>\n                    <\/div>\n                <\/div>\n                        <\/div>\n        <\/div>\n                        <div  data-anchor=\"RequestACall\" data-lazy=\"1\" class=\"module_row themify_builder_row tb_has_section tb_section-RequestACall tb_t0vu386 tf_w\">\n                        <div class=\"row_inner col_align_top tb_col_count_1 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col-full tb_kh2w386 first\">\n                    <!-- module fancy heading -->\n<div  class=\"module module-fancy-heading tb_o0k4645  inline-fancy-heading tb_hide_divider tb_gs1383628\" data-lazy=\"1\">\n        <h2 class=\"fancy-heading tf_textl\">\n    <span class=\"main-head tf_inline_b\">\n                    Request a            <\/span>\n\n    \n    <span class=\"sub-head tf_inline_b tf_rel\">\n                    call            <\/span>\n    <\/h2>\n<\/div>\n<!-- \/module fancy heading -->\n<!-- module plain text -->\n<div  class=\"module module-plain-text tb_a12h683 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <div class=\"tb_layout_part_wrap tf_w\"><!--themify_builder_content-->\n    <div  class=\"themify_builder_content themify_builder_content-1027 themify_builder not_editable_builder in_the_loop\" data-postid=\"1027\">\n                        <div  data-lazy=\"1\" class=\"module_row themify_builder_row tb_448z621 tf_w\">\n                        <div class=\"row_inner col_align_top tb_col_count_1 tf_box tf_rel\">\n                        <div  data-lazy=\"1\" class=\"module_column tb-column col-full tb_r3fl622 first\">\n                    <!-- module plain text -->\n<div  class=\"module module-plain-text tb_crl2622 \" data-lazy=\"1\">\n        <div class=\"tb_text_wrap\">\n    <div id=\"call_form\"><\/div>\n<script type=\"text\/javascript\">\njQuery().ready(function() {\njQuery('#call_form').call_form('en', true, false);\n});\n<\/script>    <\/div>\n<\/div>\n<!-- \/module plain text -->        <\/div>\n                        <\/div>\n        <\/div>\n            <\/div>\n<!--\/themify_builder_content--><\/div>\n    <\/div>\n<\/div>\n<!-- \/module plain text -->        <\/div>\n                        <\/div>\n        <\/div>\n        <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>Mortgage Rate Calculator<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-48","page","type-page","status-publish","hentry","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Multi-Prets Mortgage Payment Calculator<\/title>\n<meta name=\"description\" content=\"Use our Multi-Pr\u00eats mortgage payment calculator to better evaluate your payments according to various criteria!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-calculator\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multi-Prets Mortgage Payment Calculator\" \/>\n<meta property=\"og:description\" content=\"Use our Multi-Pr\u00eats mortgage payment calculator to better evaluate your payments according to various criteria!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-calculator\/\" \/>\n<meta property=\"og:site_name\" content=\"Francis Mathieu-Johnson\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-28T06:45:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/en\\\/mortgage-calculator\\\/\",\"url\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/en\\\/mortgage-calculator\\\/\",\"name\":\"Multi-Prets Mortgage Payment Calculator\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/en\\\/mortgage-calculator\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/en\\\/mortgage-calculator\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/mortgage-rates-information.jpg\",\"datePublished\":\"2022-05-05T18:14:52+00:00\",\"dateModified\":\"2024-11-28T06:45:46+00:00\",\"description\":\"Use our Multi-Pr\u00eats mortgage payment calculator to better evaluate your payments according to various criteria!\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/en\\\/mortgage-calculator\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/meilleures-hypotheques.ca\\\/en\\\/mortgage-calculator\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/en\\\/mortgage-calculator\\\/#primaryimage\",\"url\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/mortgage-rates-information.jpg\",\"contentUrl\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/mortgage-rates-information.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/en\\\/mortgage-calculator\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mortgage Calculator\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/en\\\/\",\"name\":\"Francis Mathieu-Johnson\",\"description\":\"Courtier Hypoth\u00e9caire\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/meilleures-hypotheques.ca\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Multi-Prets Mortgage Payment Calculator","description":"Use our Multi-Pr\u00eats mortgage payment calculator to better evaluate your payments according to various criteria!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-calculator\/","og_locale":"en_US","og_type":"article","og_title":"Multi-Prets Mortgage Payment Calculator","og_description":"Use our Multi-Pr\u00eats mortgage payment calculator to better evaluate your payments according to various criteria!","og_url":"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-calculator\/","og_site_name":"Francis Mathieu-Johnson","article_modified_time":"2024-11-28T06:45:46+00:00","og_image":[{"url":"https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information.jpg","type":"","width":"","height":""}],"twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-calculator\/","url":"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-calculator\/","name":"Multi-Prets Mortgage Payment Calculator","isPartOf":{"@id":"https:\/\/meilleures-hypotheques.ca\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-calculator\/#primaryimage"},"image":{"@id":"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-calculator\/#primaryimage"},"thumbnailUrl":"https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information.jpg","datePublished":"2022-05-05T18:14:52+00:00","dateModified":"2024-11-28T06:45:46+00:00","description":"Use our Multi-Pr\u00eats mortgage payment calculator to better evaluate your payments according to various criteria!","breadcrumb":{"@id":"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-calculator\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/meilleures-hypotheques.ca\/en\/mortgage-calculator\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-calculator\/#primaryimage","url":"https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information.jpg","contentUrl":"https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/meilleures-hypotheques.ca\/en\/mortgage-calculator\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/meilleures-hypotheques.ca\/en\/"},{"@type":"ListItem","position":2,"name":"Mortgage Calculator"}]},{"@type":"WebSite","@id":"https:\/\/meilleures-hypotheques.ca\/en\/#website","url":"https:\/\/meilleures-hypotheques.ca\/en\/","name":"Francis Mathieu-Johnson","description":"Courtier Hypoth\u00e9caire","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/meilleures-hypotheques.ca\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"}]}},"builder_content":"<h1 style=\"text-align: left;\">Mortgage Rate Calculator<\/h1>\n<h2><b>Calculate your mortgage payments according to your borrowing capacity<\/b>!<\/h2>\n\n<p style=\"text-align: center;\">*These figures and calculations are for illustrative purposes only and may not be used for contractual purposes. Certain conditions apply. Subject to change without notice.<\/p>\n<link rel=\"stylesheet\" href=\"http:\/\/cdnjs.cloudflare.com\/ajax\/libs\/font-awesome\/4.4.0\/css\/font-awesome.min.css\"> <h5id=\"date\"style=\"letter-spacing:0px;\"><\/h5>\n\n<h3 id=\"taux_multi_green\">Multi-Pr\u00eats rate<\/h3>\n<h3 id=\"taux_multi_white\">Mortgage rates as of today<\/h3>\n<h2id=\"taux1\"><\/h2>\n<p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>\n<h3 id=\"years_fiexe1\"class=\"year1\"><\/h3>\n<a href=\"\/en\/get-my-rate\/\" id=\"btn\"> Get this rate <\/a>\n<h3 id=\"tax_total1\"><\/h3>\n<p>Mortgage rates as of today<\/p>\n<h2id=\"taux2\"><\/h2>\n<p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>\n<h3 id=\"years_fiexe2\"><\/h3>\n<a href=\"\/en\/get-my-rate\/\" id=\"btn\"> Get this rate <\/a>\n<h3 id=\"tax_total2\"><\/h3>\n<p>Mortgage rates as of today<\/p>\n<h2id=\"taux3\"><\/h2>\n<p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>\n<h3 id=\"years_fiexe3\"><\/h3>\n<a href=\"\/en\/get-my-rate\/\" id=\"btn\"> Get this rate <\/a>\n<h3 id=\"tax_total3\"><\/h3>\n<p>Mortgage rates as of today<\/p>\n<h2id=\"taux4\"><\/h2>\n<p style=\"text-align: center;\">Multi-Pr\u00eat rate<\/p>\n<h3 id=\"years_fiexe4\"><\/h3>\n<a href=\"\/en\/get-my-rate\/\" id=\"btn\"> Get this rate <\/a>\n<h3 id=\"tax_total4\"><\/h3>\n<p>Mortgage rates as of today<\/p>\n<a href=\"\/en\/get-my-rate\" > Get your rate <em><svg xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-angle-right\" xlink:href=\"#tf-ti-angle-right\"><\/use><\/svg><\/em> <\/a>\n<p id=\"text_bottom\">* Some conditions may apply. Subject to change without notice. Rates may vary depending on amount borrowed, collateral offered or other factors. Contact your Mortgage Broker at Yves St-Denis Mortgage Brokers for more information.<\/p>\n<h2>Find the right mortgage for <br\/>your needs<\/h2>\n<p>We compare the most competitive banks and lenders in Canada for you at no cost, so you can get the best mortgage rates available today. At the top of this page, you'll find the best mortgage rates in Canada. They are the most recent and lowest interest rates accessible, and they are updated in real time. In a few simple steps, request a mortgage estimate to discover more about the rate you could qualify for.<\/p> <p>You are under no obligation to engage in the procedure, and it is completely free.<\/p>\n<ul><li><h4>Factors that may have an impact on your mortgage interest rate<\/h4><p>It's important to keep in mind that the best mortgage rate you qualify for may change depending on factors unique to your borrowing position. Some of the factors that determine the mortgage rate you qualify for are as follows:<\/p><\/li><li><h4>The mortgage type: <\/h4><p>You'll pay a higher rate if you refinance instead of buying or renewing your mortgage. Instead of refinancing, those who currently have a mortgage, have good credit, and have paid down more than 20% of their home's value may choose to consider a home equity line of credit (HELOC).<\/p> <p>If you are purchasing a home with a down payment of less than 20% of the purchase price and the property's worth is less than $1 million, you will need to buy mortgage default insurance (CMHC insurance). This insurance is distinct from your mortgage and, while more expensive,<\/p> <p>will help you receive a lower mortgage rate by making your loan less risky for your lender. If you're renewing your mortgage, you'll only be able to get the best rates if your first mortgage was insured by the Canada Mortgage and Housing Corporation (CMHC).<\/p><\/li><li><h4>The property's planned use:<\/h4><p>If you plan to rent rather than reside in your home, your mortgage rate will be higher.<\/p><\/li><li><h4>Your amortization schedule:<\/h4><p>Insurable mortgages in Canada have a 25-year amortization length (i.e., mortgages for houses valued less than $1 million with less than a 20% down payment). If you put down at least 20% on a property, you may be able to receive a mortgage with a longer amortization period, such as 30 years, regardless of the price. Longer amortization periods usually mean lower monthly payments, but they may also mean a higher interest rate. In fact, waiting longer to pay off your mortgage will cost you more money in interest than paying it off sooner.<\/p> <p>Choose the mortgage that offers you the best interest rate.<\/p><\/li><\/ul>\n<p>It's important to keep in mind that the best mortgage rate you qualify for may change depending on factors unique to your borrowing position. Some of the factors that determine the mortgage rate you qualify for are as follows:<\/p>\n<p>You'll pay a higher rate if you refinance instead of buying or renewing your mortgage. Instead of refinancing, those who currently have a mortgage, have good credit, and have paid down more than 20% of their home's value may choose to consider a home equity line of credit (HELOC).<\/p> <p>If you are purchasing a home with a down payment of less than 20% of the purchase price and the property's worth is less than $1 million, you will need to buy mortgage default insurance (CMHC insurance). This insurance is distinct from your mortgage and, while more expensive,<\/p> <p>will help you receive a lower mortgage rate by making your loan less risky for your lender. If you're renewing your mortgage, you'll only be able to get the best rates if your first mortgage was insured by the Canada Mortgage and Housing Corporation (CMHC).<\/p>\n<p>If you plan to rent rather than reside in your home, your mortgage rate will be higher.<\/p>\n<p>Insurable mortgages in Canada have a 25-year amortization length (i.e., mortgages for houses valued less than $1 million with less than a 20% down payment). If you put down at least 20% on a property, you may be able to receive a mortgage with a longer amortization period, such as 30 years, regardless of the price. Longer amortization periods usually mean lower monthly payments, but they may also mean a higher interest rate. In fact, waiting longer to pay off your mortgage will cost you more money in interest than paying it off sooner.<\/p> <p>Choose the mortgage that offers you the best interest rate.<\/p>\n<h2>Is it better to have a <br\/>variable or fixed mortgage rate?<\/h2>\n<p>The difference between fixed and variable mortgage rates is whether the interest rate changes over time or remains constant. Fixed rates stay the same for the duration of your loan, but variable rates change with your lender's prime rate (typically 5 years).<\/p>\n<h4><strong>Fixed-rate mortgage rates:<\/strong><\/h4> <p>Fixed mortgage rates are preferred by borrowers because they are more predictable. In reality, 5-year fixed mortgage rates will account for around 46% of all new mortgages in 2020. A fixed-rate mortgage shields you from interest rate fluctuations by assuring that your monthly payments remain stable throughout the length of your loan, regardless of market fluctuations. A fixed rate mortgage is the ideal option for you if you have a low risk appetite. You won't have to be concerned about interest rates because you'll know your monthly payments up front.<\/p>\n<img src=\"https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information.jpg\" title=\"Mortgage rates business concept of investment housing real estate interest rates\" alt=\"Taux hypoth\u00e9caires concept commercial de l\u2019immobilier d\u2019investissement taux d\u2019int\u00e9r\u00eat immobilier\" srcset=\"https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information.jpg 1280w, https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information-300x200.jpg 300w, https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information-1024x682.jpg 1024w, https:\/\/meilleures-hypotheques.ca\/wp-content\/uploads\/2022\/05\/mortgage-rates-information-768x511.jpg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/>\n<h4><strong>Fluctuating mortgage rates:<\/strong><\/h4> <p>Fixed mortgage rates are often more expensive than variable mortgage rates. However, they may vary during the term of your loan. The amount you pay on a variable mortgage is affected by market changes (through the prime rate), which impacts the amount you pay. As a result, the amount of your payment may vary overtime. As fixed rates rise in 2022, variable rates have become more tempting, causing more potential buyers to choose for 5-year variable rate mortgages.<\/p> <p>Variable rates are usually less expensive than fixed rates, but they are more volatile and might be considered riskier. Variable mortgage rates, on the other hand, offer a few key benefits to consider:<\/p> <p>You can alter your variable rate to a fixed rate at any time as long as you stay with your original mortgage provider.<\/p> <p>It is significantly less expensive to get rid of a variable rate mortgage than it is to get rid of a fixed rate mortgage. Our mortgage penalty calculator can assist you in determining the cost of paying down your mortgage.<\/p> <p>According to a key study published in 2001 by York University professor Moshe Milevsky, over 90% of Canadian borrowers who had a variable rate mortgage throughout the length of their loan paid less interest than those who had a fixed rate.<\/p>\n<a href=\"\/en\/get-my-rate\" > Get your rate <em><svg xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" aria-hidden=\"true\"><use href=\"#tf-ti-angle-right\" xlink:href=\"#tf-ti-angle-right\"><\/use><\/svg><\/em> <\/a>\n<h2>Request a<br\/>call<\/h2>\n[themify_layout_part id=\"1027\"]","_links":{"self":[{"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/pages\/48","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/comments?post=48"}],"version-history":[{"count":0,"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/pages\/48\/revisions"}],"wp:attachment":[{"href":"https:\/\/meilleures-hypotheques.ca\/en\/wp-json\/wp\/v2\/media?parent=48"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}