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Compare current TD mortgage rates with Sunlite Mortgage rates in one simple table. See TD mortgage rates by term and how Sunlite Mortgage compares.
Rates are shown for comparison purposes only and may change without notice. Actual rates depend on borrower qualifications, mortgage type, amortization, loan-to-value, property type and lender approval.
Compare current TD mortgage rates with Sunlite Mortgage rates below.
| Terms |
TD
|
BMO
|
RBC
|
Scotiabank
|
CIBC
|
National Bank
|
Sunlite Mortgage |
|---|---|---|---|---|---|---|---|
| 1-Year Fixed | From 5.54% | — | 5.14% | — | — | 5.49% | 4.89% |
| 2-Year Fixed | From 5.04% | — | 5.14% | — | — | 4.99% | 4.39% |
| 3-Year Fixed | From 5.04% | 4.74% | 4.99% | 4.74% | 4.64% | 4.94% | 3.99% |
| 4-Year Fixed | From 5.19% | — | 5.04% | 4.89% | 4.79% | 5.04% | 4.44% |
| 5-Year Fixed | From 5.24% | 4.94% | 5.14% | 4.94% | 4.84% | 4.24% | 4.24% |
| 3-Year Variable | — | — | — | — | 4.05% | — | 4.05% |
| 5-Year Variable | From 4.09% | 4.12% | 4.15% | 3.90% | 3.95% | 4.10% | 3.60% |
| Prime Rate | 4.60% TDMP | 4.45% | 4.45% | 4.45% | 4.45% | 4.45% | 4.45% |
Shopping rates on your own can be a cumbersome task. Sunlite Mortgage has simplified the entire process by providing all the information you need in one place. When comparing rates, measure mortgage products based on term length and type. For instance, if you’re looking at a fixed-rate mortgage, compare banks’ five-year offerings, then three-year offerings, etc, as opposed to just the rate without the term length being offered.
If you’ve found a rate from a lender other than Sunlite Mortgage, we guarantee that we’ll match or beat it, or you could get $500. Learn more about Sunlite Mortgage’s low-rate guarantee.
TD Bank is recognized as one of Canada’s big six banks based on assets and market capitalization. In addition to operating across Canada, TD also has locations in the East Coast of the United States and a worldwide presence.
Stock information
It’s interesting to look at TD Bank’s historic rates to see how five-year fixed and variable rates have changed over time.
TD offers several mortgage products in addition to the standard fixed- and variable-rate options:
A six-month mortgage with the option of converting to a longer closed term at any time, at no cost.
Available with TD’s 6-year fixed-rate residential mortgage. You may be eligible to receive cash upfront, totalling up to 5% of the mortgage principal amount.
Makes you eligible for a 1% discount off the posted interest rate and up to a 1.5% cash rebate when you make ENERGY STAR-qualified purchases or purchase CSA-approved solar panels.
Allows you to buy a home with a down payment of 5%.
Available to borrowers considering a mortgage on a residential property with five or more units.
TD’s dedicated Agriculture Services arm offers two products focused on agricultural borrowers. The Farm Mortgage is for those interested in a part-time or hobby farm. For commercial operations, the Rural Property Mortgage is exclusively for countryside properties.
In mortgage terms, prepayment describes when a borrower pays off some or all of their mortgage early, with a lump sum payment, or by increasing their monthly payments. Each major bank has different amounts you can pay off yearly on your mortgage. Some mortgages come with more attractive prepayment options, so it’s worth looking into if you want the flexibility of being able to pay back your mortgage early.
TD enables you to make one extra mortgage payment for one month every year in addition to your normal monthly payment without a penalty. This payment will go directly to paying down your mortgage principal to help you pay off your mortgage quicker.
This annual prepayment privilege enables you to prepay up to 15% of your original mortgage principal on a closed mortgage in one lump sum payment yearly. This will help reduce your interest payments and pay down your mortgage much faster, as the lumpsum amount will go towards the principal balance.
Important: If you choose to pay down more than 15% of your mortgage principal annually, you’ll be charged a penalty
| Canadian Bank Closed Mortgage Prepayment Amounts | |
| RBC Royal Bank | 10% |
| TD Bank | 15% |
| Scotiabank | 15% |
| BMO | 20% |
| CIBC | 20% |
| National Bank | 10% |
The renewal process often raises questions like whether you have to renew your mortgage with your current bank. The answer is no. You can renew with any bank or mortgage provider at the end of your term. If you want to renew your current TD Bank mortgage with another lender, it’s worth shopping around for better rates and terms that suit your situation before you renew with the same lender.
At Sunlite Mortgage, we help you find the best rates available on your mortgage and lend directly. Our simple renewal process guide explains in more detail how to renew your mortgage with a new lender. To get started and renew your mortgage with Sunlite Mortgage, start by finding the best rate available near you at least a couple of months before your current term is due to expire. Once you’ve found a solution you’re interested in, get in touch, and a mortgage advisor will help you. Renewing with Sunlite Mortgage is a simple, hassle-free process that could save you thousands over the lifetime of your mortgage compared to the Big Banks.
TD mortgage rates can be competitive, but TD will not always have the lowest fixed or variable mortgage rate for every borrower. The rate available to you depends on the term, mortgage type, property, loan-to-value, income, credit profile and lender approval. Sunlite Mortgage can compare TD mortgage rates with rates from other lenders before you decide.
Yes. TD offers fixed and variable mortgage options across different terms. A fixed mortgage provides a set interest rate for the term, while a variable mortgage rate can change when the lender’s applicable prime or mortgage prime rate changes. The better option depends on your budget, risk tolerance and plans for the mortgage.
It is worth comparing your TD renewal offer before signing it. Renewal is an opportunity to review the mortgage rate, term, payment, prepayment privileges and lender. Sunlite Mortgage can compare your TD renewal rate with other available mortgage options so you can see whether staying with TD or switching lenders makes more sense.
Yes. At renewal, you can generally move a TD mortgage to another lender, subject to approval and the terms of the existing mortgage. If you switch before maturity, payout charges or other costs may apply. Sunlite Mortgage can compare the potential savings and costs before you make the move.
Yes. A mortgage broker can compare TD mortgage rates with options from other banks, credit unions, monoline lenders and alternative lenders. This gives you a broader view of fixed and variable mortgage rates instead of relying on one bank’s offer.
While TD Bank is an excellent choice for many mortgage borrowers, it’s always important to compare your options every time you’re in the market for a new mortgage, renewal or refinance. Your Sunlite Mortgage advisor will ensure you get the very best rate every time.
*Applicable with an accepted offer to purchase or renew. Conditions apply
