TD Bank Mortgage Rates

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TD Bank

TD Bank Background

TD Bank

TD Bank Background

TD Bank (TSE: TD) is one of the largest banks in Canada in terms of assets and market capitalization, and is recognized as one of Canada’s Big 5 banks. In fact, they are the 12th largest bank in the world and one of the 10 largest in the U.S. TD began as a single-branch bank that served millers and merchants in 1855. Since then, they have grown their countries of operation to a global scale. They provide a diversified portfolio of financial services to customers with retail banking, commercial banking, wealth management, capital markets and insurance products being sold worldwide. With 1241 branches and 89,000 employees, TD serves 9 million customers.

Stock Information:
Listed on the Toronto Stock Exchange: TSE: TD
Listed on the New York Stock Exchange: NYSE: TD

TD Bank Prime Rate

TD Bank's Prime Rate is used as the basis for many of TD Bank's lending products including variable rate mortgages, lines of credit, and HELOCs. Prime, or P, is normally combined with a spread to make up the final interest rate.

Current TD Bank Prime Rate: 2.45%

Last Changed: March 30, 2020

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.

Mortgage Amount:
Amortization:
Payment Frequency:
TermRateMonthly Payment
1-Year Fixed
2.54%$1,803
2-Year Fixed
2.24%$1,743
3-Year Fixed
2.14%$1,723
4-Year Fixed
2.29%$1,752
5-Year Fixed
1.95%$1,686
7-Year Fixed
5.35%$2,421
10-Year Fixed
5.60%$2,480

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. Rates may change at any time.

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 our 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.

Mortgage Amount:
Amortization:
Payment Frequency:
TermRateMonthly Payment
5-Year Variable
1.55%$1,609

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. Rates may change at any time.

TD Mortgage Break Penalty

Variable Rate MortgageFixed Rate Mortgage
3 Months’ InterestGreater of 3 Months’ Interest or the IRD amount
Interest Rate Differential (IRD) for TD
Difference in interest payable between the principal amount that you owe at the time of payment and the principal amount that you would owe using a similar mortgage rate for a term similar to the time remaining. The Similar Mortgage Rate is TD’s current posted rate offered less any rate discount (that you received from your original mortgage contract) from the similar mortgage rate.

TD Mortgage Prepayment Calculator

Are you looking to pay off your mortgage early? Or refinance the terms of your mortgage at a lower interest rate? Maybe you sold your home and purchasing a new home, in which a mortgage transfer will apply. Whatever the case, you most likely will have to pay a mortgage break penalty set by your lender. Whatever the situation, our calculator will help you determine the cost to break your mortgage so you can be confident about your mortgage decisions.

What is the remaining balance on your mortgage?

$

What is the term-length and type of your current mortgage?

What is your current mortgage interest rate?

%

If applicable, what was the rate discount you received when you signed your current mortgage agreement?

%
The day you signed your mortgage, your lender may have provided you with a discount. You may be paying 3.25% but the posted rate on that day was 3.75%, a discount of 0.5%. If you are unaware of any discount, you can skip this step.

When did your current mortgage start?

Who is your current mortgage lender?

What is TD Bank's current interest rate for a 3-year fixed rate mortgage?

%
We have populated this field for you with our most up to date data. For information on why we need this field see Interest Rate Differential
Your estimated mortgage break penalty is...
$2,437.502.44k

How is my mortgage penalty calculated?

$300,000300k
Remaining Mortgage Balance
3.25%
Current Mortgage Interest Rate
3/12
3-Months Interest
=
$2,437.5
Prepayment Total
Ontario Lic. #13115
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.