Rate comparison (true cost)
Compare nominal vs. true cost and prove whether cashback makes an offer fair.
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- Save unlimited scenarios and track changes over time
- Compare rate options side by side with broker feedback
- Export reports for underwriting or renewal planning
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Interactive calculator
Mortgage rate comparison
Calculate payment differences, nominal vs. true cost, and validate cashback offers using compliant present-value math.
How this calculator works
Compare the true cost of two mortgage offers, including cashback and fees.
Use it to avoid misleading low-rate comparisons.
Inputs you will need
- Rate options and terms
- Cashback amounts
- Upfront fees and incentives
Assumptions and limitations
- Assumes you keep the mortgage for the selected horizon.
- Cashback is treated as an upfront reduction to cost.
- Results depend on actual lender policies.
Example scenarios
Lower rate vs cashback
Compare a higher rate with $2,000 cashback.
Shorter holding period
See which option wins if you sell in three years.
Related tools
Use this payment output in the next decision
Payment and amortization scenarios matter most when they connect to a rate, a contract strategy, and a broker-reviewed fallback plan if rates move or priorities change.
Guides
Read the Canada-specific playbook before you commit to the next step.
Execution
Use the broker workflow, rates pages, or secure dashboard to move from estimate to action.
Save and compare scenarios
Create a free account to save scenarios, compare options side by side, and share results with your broker team.
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Frequently asked questions
Why does true cost matter?
A slightly higher rate can still be cheaper when fees or cashback are considered.
Does this include penalties?
No. Use the penalty estimator for break costs.
Can I compare insured vs uninsured?
Yes. Adjust the rate inputs to match each scenario.