HSBC Bank Canada has been purchased by the Royal Bank of Canada. The information on this page is no longer being updated. For historical reference only, this page will remain accessible; however, it will not receive updates moving forward.

HSBC Mortgage Payment Calculator

WOWA Trusted and Transparent

The mortgage payment amounts calculated below are based on the last available HSBC mortgage rates before they were acquired by RBC in March 2024. These rates are no longer being updated.

Mortgage Amount:
Payment Frequency:
TermRateMonthly Payment

The rates shown are for insured mortgages with a down payment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage.

Best 5-Year Fixed Mortgage Rates in Canada CanadaLeaf
Mortgage Term:

HSBC Mortgage Programs

HSBC Fixed-Rate Mortgages

HSBC Fixed Rate Mortgages reduce the risk of future interest rate fluctuations by “locking in” a specific interest rate for the term. This can create peace of mind for homeowners, which makes it a fundamentally appealing program for home buyers. If you are arranging a new mortgage for a future or current home, your fixed interest rate can be guaranteed up to 120 days before the closing date of your home. If interest rates go up during that time, you will be guaranteed the lower rate.

HSBC Variable-Rate Mortgages

HSBC Variable Rate Mortgages provide you with fixed payments over the term; however, the interest rate will fluctuate with any changes in the prime interest rate. If their prime rate goes down, more of your payment will go towards paying off your principal; if their prime rate goes up, more of your payment will go towards interest costs. As a result, this can be a great financial tool for those expecting rates to fall in the upcoming year. A convertible mortgage allows you to convert to another term at any time. This feature provides security and flexibility, as it enables you to convert to a longer closed term should your variable rate mortgage no longer meet your needs.

HSBC Advance and Premier Mortgages

If your mortgage balance is above $150,000, you can qualify for an HSBC Advance Mortgage, while above $500,000 to qualify for an HSBC Premier Mortgage. The Advance and Premier programs come with exclusive benefits and products. This includes waiving monthly chequing account fees, unlimited chequing account transactions, free cheques, and zero wire transfer fees and unlimited ATM fee rebates for HSBC Premier accounts.

New to Canada Mortgage

HSBC considers your credit history outside of Canada when you have been living in Canada for less than five years. The HSBC Canada Newcomers Program also allows you to get an HSBC credit card even with no Canadian credit history.

HSBC Mortgage Payment Options

You can make a lump-sum mortgage prepayment of up to 20% of the original mortgage balance each year on your mortgage anniversary date, increase your regular mortgage payments by 20% for 12 months, and make an extra payment once per year that matches your regular payment amount. Making a prepayment equivalent to your regular mortgage payment will allow you to miss a mortgage payment.

You can also use HSBC Mastercard Rewards Points to pay down your mortgage.

This calculator is provided for general information purposes only. WOWA does not guarantee the accuracy of the information shown and is not responsible for any consequence that arise from the use of the calculator and its results. Any financing products shown are subject to terms and conditions and may not be available in certain regions.