National Bank Mortgage Payment Calculator
| Term | Rate | Monthly Payment |
|---|---|---|
0.5-Year Fixed | 7.84% | $3,012 |
1-Year Fixed | 7.24% | $2,861 |
2-Year Fixed | 6.84% | $2,762 |
3-Year Fixed | 4.74% | $2,268 |
4-Year Fixed | 4.69% | $2,256 |
5-Year Fixed | 6.39% | $2,653 |
5-Year Variable | 5.45% | $2,430 |
6-Year Fixed | 6.69% | $2,726 |
7-Year Fixed | 6.69% | $2,726 |
10-Year Fixed | 7.14% | $2,836 |
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.
National Bank Fixed-Rate Mortgages
National 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.
National Bank Variable-Rate Mortgages
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 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.
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.