Mortgages

Northsave Mortgage Specials* (Rates effective 2020-06-12) Rates
Northsave Mortgage 1 Year Closed 1.99%
Northsave Mortgage 2 Year Closed 2.19%
Northsave Mortgage 3 Year Closed† 2.29%
Northsave Mortgage 4 Year Closed 2.59%
Northsave Mortgage 5 Year Closed 2.69%
Variable Rate Mortgages* (Rates effective 2020-06-12) Rates
3 Year Variable Open 3.45%
5 Year Variable 2.45%
Fixed Rate Mortgages* (Rates effective 2020-06-12) Rates
1 Year Open 6.29%
6 Month Closed 4.19%
1 Year Closed 3.39%
2 Year Closed 3.49%
3 Year Closed 3.89%
4 Year Closed 4.09%
5 Year Closed 4.99%

*Rates are subject to change without notice. Rates are based on risk. Rates may be higher depending on the application and type of property selected. See your branch for more details.

The Annual Percentage Rate for a representative mortgage of $300,000, which has an appraisal fee of $450 and lawyer’s fees estimated at $1,400, with interest compounded semi-annually not in advance, with an interest rate of 2.29%, with a 36 month term which will be repaid in 300 months with payments of $1,312.73 per month is 2.494%. If there are no cost of borrowing charges, the APR and the interest rate will be the same. Cost of borrowing for this duration with no altered payments is $21,453.95.