National Bank Mortgage Calculator
Click "Calculate" to reveal your mortgage payment.
| Term | Rate | Payment |
|---|---|---|
| Enter Your Own Rate: | % | |
6-Month Fixed | 7.84% | $3,012.11/mo |
1-Year Fixed | 7.24% | $2,861.18/mo |
2-Year Fixed | 6.84% | $2,762.26/mo |
3-Year Fixed | 4.89% | $2,301.44/mo |
4-Year Fixed | 4.84% | $2,290.12/mo |
5-Year Variable | 4.95% | $2,315.05/mo |
5-Year Fixed | 6.39% | $2,652.68/mo |
6-Year Fixed | 6.69% | $2,725.53/mo |
7-Year Fixed | 6.69% | $2,725.53/mo |
10-Year Fixed | 7.14% | $2,836.32/mo |
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.
Types of National Bank Mortgages
National Bank Fixed Rate Mortgage
National Bank offers fixed-rate mortgages with terms of 3 months to 10 years for closed mortgages or 6 months or 1 year for open mortgages. They have an interest rate and mortgage payment that won’t change for the duration of your term. National Bank also offers certain promotions, such as cashback on new mortgages of 4-year terms or longer, cash for switching your mortgage to National Bank, for getting mortgage loan insurance, and for opening a National Bank chequing account with a mortgage.
National Bank Variable Rate Mortgage
National Bank 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 National Bank’s prime rate goes down, more of your payment will go towards paying off your principal; if National Bank’s 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. National Bank’s variable rate mortgages are only available for a 5-year term. There is an option to get a capped-rate mortgage, which means that the interest rate won’t exceed the capped rate.
Other Bank Mortgage Payment Calculators
Disclaimer:
- Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
- The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
- Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.