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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 2.30% 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 2.44% 3.85% 1.41% $4,520.70 $4,520.70
4 yr 2.69% 4.64% 1.95% $7,920.58 $1,980.14
5 yr 2.64% 4.79% 2.15% $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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