Today’s Mortgage Rates updated as of October 8, 2025 11:47 am
5-year fixed*
5-year Variable*
*Insured loans. Other conditions apply. Rate in effect as of today.
The Cashback Mortgage Calculator by Citadel Mortgages helps you understand the potential benefits of a cashback mortgage. This innovative calculator estimates how much cashback you can receive from your lender based on your mortgage amount, term, and interest rate. Whether you’re a first-time homebuyer or refinancing, this tool is designed to give you a clearer picture of how cashback can fit into your financial strategy.
Learn more about today’s best mortgage rates in Canada.
A cashback mortgage provides a percentage of your mortgage amount as cash upfront, which can be used for closing costs, renovations, debt consolidation, or other financial needs. The calculator considers factors like loan size, lender-specific cashback offers, and interest rates to estimate the amount you’ll receive.
Here’s how to use it:
Enter Mortgage Details
Select Cashback Percentage
View 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)
The Cashback Mortgage Calculator is ideal for:
| Scenario | Mortgage Amount | Cashback Percentage | Cashback Amount |
|---|---|---|---|
| Standard Mortgage | $400,000 | 2% | $8,000 |
| Larger Cashback Offer | $400,000 | 5% | $20,000 |
| Feature | With Cashback | Without Cashback |
|---|---|---|
| Interest Rate | 5.50% | 5.00% |
| Monthly Payment | $2,268 | $2,148 |
| Total Mortgage Cost (25 Years) | $680,400 | $644,400 |
| Difference in Cost | +$36,000 | – |
Cover Closing Costs
Home Renovations
Debt Consolidation
Emergency Savings
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!
| Advantages | Disadvantages |
|---|---|
| Immediate access to funds | Higher interest rates compared to standard mortgages |
| Helps cover upfront costs | Total mortgage cost may be higher |
| Flexible use of cashback funds | May not be available for all borrowers |
| Reduces out-of-pocket expenses | Lower cashback percentages for large mortgages |
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 Cashback Mortgage Calculator by Citadel Mortgages is your go-to tool for understanding the benefits of cashback mortgages. By estimating your cashback amount and its impact on your financial strategy, you can make informed decisions that align with your goals. Whether you’re a first-time buyer, refinancing, or planning for renovations, this calculator ensures you’re equipped with the knowledge to succeed.
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.