Today’s Mortgage Rates updated as of October 3, 2025 7:13 pm
5-year fixed*
5-year Variable*
*Insured loans. Other conditions apply. Rate in effect as of today.
The Become Mortgage-Free Sooner Calculator is Citadel Mortgages’ tailored version of the highly effective Manulife One Calculator, designed to help Canadians take control of their financial future. This innovative tool allows you to understand how consolidating your mortgage, savings, and debts into a single account can help you save on interest and pay off your mortgage faster.
By analyzing your current mortgage structure and cash flow, the calculator shows how using a flexible, all-in-one solution, like the Citadel All-in-One Mortgage Solution, can reduce interest payments and shorten your repayment term.
Learn more about today’s best mortgage rates in Canada.
This calculator evaluates your existing mortgage, income, and expenses to illustrate how combining them under a daily simple interest account can benefit you.
Here’s how you use it:
Input Mortgage Details
Add Monthly Deposits and Expenses
Review Results
While 33% of non-homeowners believe they’ll never own*, our Citadel mortgage brokers are 100% confident they can make it happen. How? With our expert advice and guidance.
(5-years interest savings with Citadel Mortgages)**
(Interest savings with Citadel Mortgages)
(5-years interest savings with Citadel Mortgages)**
(Interest savings with Citadel Mortgages)
| Scenario | Traditional Mortgage | Citadel All-in-One Solution |
|---|---|---|
| Mortgage Amount | $400,000 | $400,000 |
| Interest Rate | 5.00% | 4.50% |
| Term Length | 25 Years | 18 Years |
| Monthly Payment | $2,326 | Flexible |
| Total Interest Paid | $233,000 | $167,000 |
| Savings | – | $66,000 |
Key Takeaway: By depositing your income and reducing daily interest, the Citadel All-in-One Solution can save you tens of thousands in interest and shorten your term by years.
| Feature | Citadel All-in-One Solution | Traditional Mortgage |
|---|---|---|
| Interest Calculation | Daily simple interest | Compounded semi-annually |
| Impact of Deposits | Immediate reduction of interest | Limited |
| Payment Flexibility | Fully customizable | Fixed |
| Access to Home Equity | Immediate | Requires re-approval |
We compare mortgage rates from top lenders, including BMO mortgage rates, CIBC mortgage rates, RBC mortgage rates, TD Bank Mortgage Rates, and MCAP mortgage rates, alongside our exclusive Citadel Smart Home Plan mortgage rates. Let us simplify the process and help you secure approval quickly and stress-free!
The Become Mortgage-Free Sooner Calculator is ideal for:
Enter the amount you plan to borrow for your mortgage. This represents the total sum you need to finance your home purchase or refinance.
Select the prevailing interest rate based on current market conditions. Citadel Mortgages’ Mortgage Payment Calculator allows you to adjust this rate to see how it affects your monthly payments.
Determine the number of years it will take to fully repay your mortgage. Adjusting the amortization period will give you insights into how it impacts your monthly payments.
Click the “Calculate” button to generate accurate estimates of your monthly mortgage payments. Our Mortgage Payment Calculator will provide you with the principal and interest portions of your payment.
Explore different scenarios by adjusting the loan amount, interest rate, or amortization period. See how changes in these factors affect your monthly payments and make more informed decisions.
Remember, while our Mortgage Payment Calculator provides initial estimations for a comprehensive analysis tailored to your specific financial situation, we recommend consulting with a qualified mortgage professional at Citadel Mortgages.
Take control of your mortgage journey with the Citadel Mortgages Mortgage Payment Calculator. Estimate your monthly mortgage payments accurately, plan your budget effectively, and make informed decisions about your home financing. Use our Mortgage Payment Calculator today and embark on your path to homeownership with confidence.
Empower yourself with knowledge. Start using the Citadel Mortgages Mortgage Payment Calculator now and gain valuable insights into your mortgage payments. Trust in our reliable and user-friendly tool to guide you towards a brighter financial future.
At Citadel Mortgages, we’re committed to helping Canadians achieve their financial goals. The Become Mortgage-Free Sooner Calculator is just one of the tools we offer to empower you with actionable insights for a brighter financial future.
The Become Mortgage-Free Sooner Calculator is a must-have tool for anyone looking to optimize their mortgage strategy. By leveraging the Citadel All-in-One Mortgage Solution, you can save thousands in interest, pay off your mortgage faster, and achieve financial freedom. Try the calculator today and take the first step toward becoming mortgage-free sooner!
Understanding the differences between short-term and long-term mortgage options is key to making an informed decision. By evaluating your financial situation, goals, and market conditions, you can select a mortgage product that aligns with your needs.
At Citadel Mortgages, we specialize in helping Canadians navigate the complexities of mortgage rates and terms. Whether you’re looking for a 6-month fixed rate, a 5-year variable, or something in between, our team is here to provide personalized guidance and access to the best rates in Canada.
See how you can save and become mortgage-free sooner
Calculate how much you’d spend each month to buy a home or renew or refinance your mortgage.
Discover how much cash back you could receive with our Cash Back Mortgage Calculator.