TD Bank Mortgage Payment Calculator

WOWA Simply Know Your Options

Term	Rate	Monthly Payment
0.5-Year Variable	8.02%	$3,058
1-Year Fixed	7.84%	$3,011
2-Year Fixed	7.39%	$2,899
3-Year Fixed	4.74%	$2,268
4-Year Fixed	6.77%	$2,744
5-Year Variable	5.79%	$2,510
5-Year Fixed	4.49%	$2,212
6-Year Fixed	7.01%	$2,804
7-Year Fixed	7.12%	$2,830
10-Year Fixed	7.26%	$2,866

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

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2-Yr

3-Yr

4-Yr

5-Yr

Fixed

Variable

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Mortgage Programs

TD Bank Fixed-Rate Mortgages

TD Bank 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.

TD Bank Variable-Rate Mortgages

TD 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 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.

TD First Time Home Buyers Package

First-time homebuyers who have been approved for a TD mortgage can receive an extra 1% on new deposits in TD savings accounts for six months to help save for their new home. First-time homebuyers can also get up to $3,000 in overdraft protection on their TD chequing account.

New to Canada Banking Package

Newcomers and new immigrants who have no credit history in Canada can qualify for a TD mortgage if they have been in Canada for less than five years.

TD Mortgage Payment Options

Speed Up Your Payments

TD allows you to speed up or to slow down your mortgage payments. You can speed up your mortgage payments by increasing your payment frequency, such as changing it to weekly or bi-weekly. You can make your payments larger, up to 100% of your regular payment amount. This change can be made once per calendar year. You can also make a lump-sum prepayment, up to 15% of your original principal balance, once per calendar year.

Slow Down Your Payments

If you are facing unexpected financial difficulties, TD offers flexible payment options for temporary relief. You can skip the equivalent of a monthly payment once per year, and up to four times over your amortization period. If you have made prepayments previously, you can request a payment vacation. This gives you up to four months off of your mortgage payments, provided that your prior prepayments have reduced your amortization period to the equivalent amount.

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