Find the mortgage that matches your lifestyle
Find the home financing that
matches your lifestyle

Which Mortgage Is Right For Me?

Buying or refinancing a home is a big decision. But you're not alone. We're here to work with you and help you choose the right mortgage for your needs.

Our mortgage selector will help get you started before you talk to a TD Mortgage Specialist. Just provide some details and we'll provide the best mortgage option for you based on the information you have provided.

What do you want to do?

Purchase a home
Renew my mortgage
Switch to TD
Refinance my mortgage

{{selector.needs.type > 0 ? "What's the current value of your property?" : "What's the purchase price of your home?" }}

Please enter a valid amount. You need to have available at least 5% of the initial $500,000 and 10% for any amount between $500,000 and $999,999.99 of the purchase price. Your home equity must be at least 20% to qualify for additional funding.

Did you know?

You can pay less interest over time, and direct more of your money toward the principal you owe by increasing the frequency of your payments.

Other costs for you to consider.

There's more than the mortgage amount to consider when looking at the costs of buying a home. Remember to set aside funds for additional closing costs like lawyer's fees and land transfer tax.

{{selector.needs.type > 0 ? "What is the outstanding balance on your current mortgage?" : "How much do you have for the down payment on your home purchase?"}}

You need to have available at least 5% of the initial $500,000 and 10% for any amount between $500,000 and $999,999.99 of the purchase price. Your home equity must be at least 20% to qualify for additional funding. Your {{selector.needs.type > 0 ? 'home equity':'down payment'}} must be less than the home price.

How much do you need for a down payment?

You must have at least 5% for a down payment if the home purchase price is less than $500,000. If the home purchase price is between $500,000 and $999,999.99, you must have at least 5% for the first $500,000 and 10% for the remaining amount. For home prices over $1 million, the down payment must be 20%.

How do you estimate your home equity?

Home Equity = [Estimated present day value of home] – [Outstanding mortgage balance]

How long do you plan to own your home?

How long do you plan to own your home?

Why does it matter how long I plan to own my home?

Your answer will help determine the type of mortgage we recommend for you.

Do you think you'll need to borrow money or have access to additional credit in the near future?

Do you think you'll need to borrow money or have access to additional credit in the near future?

What are my options for borrowing money?

Perhaps you are planning on home improvements, new furniture or you just need convenient access to additional credit.

If this is something you might need in the future, you may want to consider a TD Home Equity FlexLine as a mortgage alternative. What’s unique about a TD Home Equity FlexLine is that it can combine the flexibility of a revolving line of credit with the security of a term portion.

Which type of interest rate would you prefer?

A variable interest rate
A fixed interest rate
Or a combination of both

Variable interest rates vs. Fixed interest rates

    Mortgages with a variable interest rate may see fluctuations in the rate over their term.
  • If your interest rate goes down more of your payment will go toward the principal or balance you owe
  • If your interest rate goes up more of your payment will go toward the interest on your mortgage. This could increase your amortization period which means it will take longer to pay off your outstanding balance

Mortgages with a fixed interest rate remain the same over time, meaning the interest rate won't increase or decrease over the term you select.

Based on your selections, the following product may work for you:

Because your down payment is less than 20%...

your mortgage must be insured against default by an approved mortgage insurer.

Because your down payment is less than 35%...

Of the value of your home, a Fixed Rate Advantage Option will be required as part of your home financing.

Here's what you told us: