Mortgage Terms Database
Compare prepayment privileges, penalty rules, portability, and features across 20+ real Canadian lenders — all in one place.
Morty says
Not all mortgages are created equal! A lower rate might come with a collateral charge that traps you at renewal, or stingy prepayment privileges that cost you thousands in interest over the life of the loan. Always compare the full terms, not just the rate.
Showing 23 of 23 products
RBC Fixed Rate Special
RBC Royal Bank
Rate hold 120d
Prepay
10/10
Rate Hold
120 days
Flexibility
Low
RBC Variable Rate
RBC Royal Bank
Rate hold 120d
Prepay
10/10
Rate Hold
120 days
Flexibility
Low
TD Fixed Rate Mortgage
TD Canada Trust
Rate hold 120d
Prepay
15/100
Rate Hold
120 days
Flexibility
High
BMO Smart Fixed Mortgage
BMO
Rate hold 130d
Prepay
20/20
Rate Hold
130 days
Flexibility
High
Scotia eHOME Fixed
Scotiabank
Rate hold 120d
Prepay
15/15
Rate Hold
120 days
Flexibility
Moderate
CIBC Fixed Rate Closed
CIBC
Rate hold 120d
Prepay
10/10
Rate Hold
120 days
Flexibility
Low
MCAP Value Fixed
MCAP
Rate hold 120d
Prepay
20/20
Rate Hold
120 days
Flexibility
High
First National Excalibur Fixed
First National
Rate hold 120d
Prepay
20/20
Rate Hold
120 days
Flexibility
High
First National Variable
First National
Rate hold 120d
Prepay
20/20
Rate Hold
120 days
Flexibility
High
RMG Fixed Rate
RMG Mortgages
Rate hold 120d
Prepay
20/20
Rate Hold
120 days
Flexibility
High
CMLS Fixed Rate
CMLS Financial
Rate hold 120d
Prepay
20/20
Rate Hold
120 days
Flexibility
High
ICICI Fixed Rate
ICICI Bank Canada
Rate hold 90d
Prepay
15/15
Rate Hold
90 days
Flexibility
Moderate
nesto Fixed Rate
nesto
Rate hold 150d
Prepay
20/20
Rate Hold
150 days
Flexibility
High
nesto Variable Rate
nesto
Rate hold 150d
Prepay
20/20
Rate Hold
150 days
Flexibility
High
True North Fixed Rate
True North Mortgage
Rate hold 120d
Prepay
20/20
Rate Hold
120 days
Flexibility
High
Butler Fixed Rate
Butler Mortgage
Rate hold 120d
Prepay
20/20
Rate Hold
120 days
Flexibility
High
Meridian Fixed Rate
Meridian Credit Union
Rate hold 120d
Prepay
20/20
Rate Hold
120 days
Flexibility
High
Coast Capital Fixed Rate
Coast Capital Savings
Rate hold 90d
Prepay
20/20
Rate Hold
90 days
Flexibility
High
Desjardins Reduced Rate
Desjardins
Rate hold 120d
Prepay
15/15
Rate Hold
120 days
Flexibility
Moderate
Equitable Bank Fixed Rate
Equitable Bank
Rate hold 120d
Prepay
20/20
Rate Hold
120 days
Flexibility
High
Manulife One
Manulife Bank
Rate hold 60d
Prepay
100/100
Rate Hold
60 days
Flexibility
High
HSBC Legacy Fixed Rate
HSBC Canada (RBC acquired)
Rate hold 120d
Prepay
20/20
Rate Hold
120 days
Flexibility
High
B2B Bank Fixed Rate
B2B Bank
Rate hold 120d
Prepay
20/20
Rate Hold
120 days
Flexibility
High
What to compare besides rate
- Collateral charges. RBC, TD, and Scotia often register a collateral charge — switching at renewal can mean $800–$1,200 in legal fees. Prefer standard charge if you want a cheap switch.
- Prepay privileges. 20/20 vs 10/10 can save tens of thousands if you make extra payments. Monolines and credit unions often win here.
- Rate holds. 120 days (sometimes 150) locks today's rate while you shop. If rates drop, you usually get the new lower rate.
- IRD vs 3-month interest. Fixed IRD can be 10–20× three months' interest. If you might break early, a variable with a 3-month penalty is often safer.