Pragmatic Mortgage | We're the mortgage company that doesn't want you to have a mortgage.

Mortgage amount

Amortization (years)

Term (years)

Compounding periods / year

Canadian mortgages typically use semi-annual compounding (2).

Rate #1 (%)

Contract APR you can lock in today (the one paired with the cashback offer, if any).

Did this lender/broker offer any cash incentives?

Enable this if Rate #1 comes with cashback or another upfront incentive.

Rate #2 (%)

Competitor/benchmark APR you want to compare against (e.g., best advertised rate online).

Did the competitor also offer cashback?

Capture any incentive the competing rate includes so we can net it out of the true-cost math.

We discount the payment difference between Rate #1 and Rate #2 using Rate #1’s effective monthly rate so the true-cost dollar figure shows the rebate required today.

Rate comparison (cashback true cost)

Rate comparison (cashback true cost)