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MonsterMortgage.ca Rates vs Conventional Rates

Mortgage Term Our (APR) Banks Posted Rates Difference Interest You Save Per Term* Interest You Save Per Year*
Variable 2.25% N/A N/A N/A N/A
1 yr 2.44% 3.10% 0.66% $178.14 $178.14
2 yr 2.34% 3.35% 1.01% $1,761.53 $880.77
3 yr 2.29% 3.85% 1.56% $4,520.70 $4,520.70
4 yr 2.69% 4.64% 1.95% $7,920.58 $1,980.14
5 yr 2.39% 4.79% 2.40% $14,348.25 $2,869.65
6 yr 3.09% 6.35% 3.26% $24,160.55 $4,026.76
7 yr 3.19% 6.35% 3.16% $26,277.80 $3,753.97
10 yr 3.84% 6.75% 2.91% $41,146.87 $4,114.69

*Savings are based on a mortgage of $300,000.

Note: Rates are subject to change and OAC. Certain terms and conditions apply.

 

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The closing went well today. And we just want to say thank you so much from the bottom of our hearts for all your help and also thank you for being so patient with us. Thanks once again, Joice and Philip – Toronto, ON
 

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