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Mortgage RatesThe Bank Rates are the average posted mortgage rates at the big Five Banks in Canada.
Our Rates are available to customers of Lending Logic Financial Inc.
All rates are subject to change without notice and are subject to the borrower meeting the normal underwriting requirements of the lender. Certain geographic restrictions may apply.
For Example:
-The Bank Rates are the average posted mortgage rates at the big Five Banks in Canada.
-Our Rates are available to customers of Lending Logic Financial Inc.
All rates are subject to change without notice and are subject to the borrower meeting the normal underwriting requirements of the lender. Certain geographic restrictions may apply.
For Example:
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Mortgage Amount:
Interest Rate:
Term:
Payment Frequency:
Amortization:
Mortgage Payment:
Total interest paid:
Total Principal paid:
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$300,000
6.40%
5 year
monthly
25
$ 1,991.32
$90,481.77
$28,997.43
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$300,000
4.89%
5 year
monthly
25
$ 1,726.08
$68,625.79
$34,939.01 |
Mortgage Rates as of March 15, 2010
| Term |
Bank Posted Rates |
OUR Rates |
Your Savings |
| 6 Month |
3.65% |
2.35% |
1.3% |
| 1 Year |
4.60% |
3.85% |
0.75% |
| 3 Year |
4.30% |
3.29% |
1.01% |
| 5 Year |
5.39% |
3.99% |
1.4% |
| 7 Year |
6.60% |
5.19% |
1.41% |
| 10 Year |
6.70% |
5.35% |
1.35% |
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