TD Canada Mortgage Calculator
Estimate your monthly TD Canada mortgage payment at current rates. Free, no signup.
fin·calc is an independent, unaffiliated calculator — not endorsed by, sponsored by, or affiliated with TD Canada. "TD Canada" is used only to describe typical rates and terms; confirm actual terms directly with the bank.
TD Canada mortgage rate
| Lender | Typical rate | Max term |
|---|---|---|
| TD Canada | 4.80% p.a. | up to 25 years |
BoC ~2.25%; 5-yr fixed. Your rate depends on your profile and deposit — verify with the bank.
Worked example
Example: C$500,000 TD Canada mortgage at 4.80% for 25 years.
- Monthly payment: C$2,865
- Total interest: C$359,495
- Total payable: C$859,495
Frequently Asked Questions
What is the TD Canada mortgage rate?
TD Canada mortgage rates are around 4.80% p.a. as a 2026 reference. BoC ~2.25%; 5-yr fixed. Your exact rate depends on your profile and deposit.
How is the TD Canada monthly payment calculated?
Using the reducing-balance formula on the financed amount. Enter your amount, rate and term in the calculator above.
How much deposit do I need?
A larger deposit lowers your rate and total cost. Most lenders also add valuation, legal and registration fees on top of the deposit.
Can I reduce the total cost?
Yes — a bigger deposit, shorter term, and extra/early repayments all cut total interest. Check for any early-repayment charges first.
TD Mortgage Rates: What's Current
As of early September 2026, TD Canada Trust posts a 5-year fixed closed rate of 6.09%, with an advertised special rate of 4.84% for qualifying borrowers. TD's 5-year variable closed mortgage is posted at 4.60%, with a special rate of 4.24%. These sit against the Bank of Canada's overnight policy rate, held at 2.25% following its September 2, 2026 announcement.
Worked Example: TD 5-Year Special Fixed Rate
$500,000 at 4.84% over 25 years (300 payments): r = 0.0484/12 = 0.0040333, (1+r)300 ≈ 3.345333.
M ≈ $2,876.53 per month. Total payments ≈ $862,960; interest ≈ $362,960.
Frequently Asked Questions
What is TD's current 5-year fixed mortgage rate?
As of September 2026, TD's posted 5-year fixed closed rate is 6.09%, with a special discounted rate around 4.84% advertised for qualifying borrowers.
How does TD's variable rate compare to its fixed rate in 2026?
TD's special variable rate (about 4.24%) is currently lower than its special fixed rate (4.84%), reflecting the Bank of Canada holding its overnight rate at 2.25% as of September 2, 2026.
Does the Bank of Canada rate directly set TD's mortgage rates?
Not directly — the Bank of Canada's overnight rate sets the floor that determines TD's Prime Rate, which drives variable mortgage pricing. Fixed rates are priced off Government of Canada bond yields.
TD's own mortgage structure: collateral charges and the Home Equity FlexLine
Most TD mortgages are registered as a collateral charge rather than a standard charge. In practice this means TD can register the charge for up to 125% of your home's value and re-advance funds later without you needing to re-qualify with a lawyer for a brand-new registration — but it also makes it harder to switch the mortgage to another lender at renewal, since a collateral charge usually has to be discharged and re-registered by a lawyer rather than simply "transferred."
TD's flagship equity product is the TD Home Equity FlexLine, a hybrid that pairs a revolving line of credit (priced off TD Mortgage Prime, interest-only minimum payments, no prepayment penalty) with an optional term portion that behaves like a normal fixed- or variable-rate mortgage with scheduled principal-and-interest payments. Together, the revolving and term portions can go up to 80% of your home's appraised value, net of any existing mortgage balance, and your home secures the whole facility. This is the product TD uses to let homeowners keep tapping equity as they pay down the mortgage, instead of re-applying for a new loan each time.
How much of a TD mortgage you can prepay without a penalty
On a standard TD closed mortgage, TD's own mortgage-features page states you can make a lump-sum prepayment of up to 15% of the original principal amount, once per calendar year, free of any prepayment charge, and separately increase your regular principal-and-interest payment by up to 100% at any time during the term (so a $1,000 monthly payment could rise to as much as $2,000). An open TD mortgage can be prepaid in any amount, at any time, with no charge at all. Prepaying beyond the 15%/100% privileges on a closed mortgage — or refinancing, renewing early, or switching lenders before the term ends — can trigger a prepayment charge; TD directs borrowers to its Mortgage Prepayment Calculator or their mortgage documents for the exact dollar figure, since the charge depends on your specific rate, balance and remaining term.
Qualifying for a TD mortgage: the federal stress test and CMHC insurance
Whichever rate TD actually offers you, federal banking regulator OSFI requires TD (and every other federally regulated lender) to qualify uninsured mortgages at the minimum qualifying rate: the greater of your contract rate plus 2%, or a floor OSFI currently sets at 5.25%, reviewed at least annually. On the $500,000, 4.84% special-rate example above, that puts the qualifying rate at 4.84% + 2% = 6.84% (above the 5.25% floor), meaning TD must confirm you could still afford the payment at 6.84% before approving the loan — not just at the 4.84% rate you'd actually pay.
If your down payment is under 20%, your TD mortgage must also carry mortgage loan insurance, most commonly from CMHC, whose premium is charged as a percentage of the loan amount and rises with the loan-to-value ratio: 0.60% up to 65% LTV, 1.70% from 65.01–75%, 2.40% from 75.01–80%, 2.80% from 80.01–85%, 3.10% from 85.01–90%, and 4.00% from 90.01–95% (4.50% with a non-traditional down payment). For example, a $500,000 home bought with a $50,000 (10%) down payment needs a $450,000 mortgage at 90% LTV, so CMHC's premium is 3.10% of $450,000 — about $13,950, which TD typically adds to the mortgage principal rather than collecting upfront. (Ontario, Quebec and Saskatchewan also charge provincial sales tax on the premium itself, payable in cash.)
Related calculators
Sources
- TD Mortgage Rates, Forbes Advisor Canada (accessed 26 September 2026)
- Bank of Canada maintains the policy rate at 2¼%, Bank of Canada, September 2, 2026 (accessed 26 September 2026)
- TD Home Equity FlexLine, TD Canada Trust (accessed 26 September 2026)
- Flexible mortgage payment features (prepayment privileges), TD Canada Trust (accessed 26 September 2026)
- Minimum qualifying rate for uninsured mortgages, OSFI (accessed 26 September 2026)
- Mortgage Loan Insurance Cost, CMHC (accessed 26 September 2026)