Head to head
Compare two big banks’ mortgages
Short answer: Pick two banks to see where they really differ. Each matchup prices the same $480,000 mortgage at both banks with their own posted rates (November 2, 2026) and penalty rules, compares prepayment room, prime and renewal windows, and names the clause that matters most for that pair.
Fifteen matchups between RBC, TD, Scotiabank, BMO, CIBC and National Bank, each with computed verdicts, rates by term and the same mortgage’s penalty at both banks.
RBC vs TD
RBC: 5.14% vs 5.29%. Your offer can differ, so ask both. Paying down faster: TD (15% lump sum vs 10% lump sum).
RBC vs Scotiabank
Only RBC publishes a 5-year special rate (5.14%). Paying down faster: Scotiabank (10%, 15% or 20% by option vs 10% lump sum).
RBC vs BMO
Tie at 5.14%. Paying down faster: BMO (20% lump sum (Smart Fixed 10%) vs 10% lump sum).
RBC vs CIBC
RBC: 5.14% vs 5.34%. Your offer can differ, so ask both. Paying down faster: CIBC (10%, 15% or 20% by product vs 10% lump sum).
RBC vs National Bank
Tie at 5.14%. Paying down faster: Similar: RBC 10% lump sum; National Bank 10% a calendar year.
TD vs Scotiabank
Only TD publishes a 5-year special rate (5.29%). Paying down faster: Scotiabank (10%, 15% or 20% by option vs 15% lump sum).
TD vs BMO
BMO: 5.14% vs 5.29%. Your offer can differ, so ask both. Paying down faster: BMO (20% lump sum (Smart Fixed 10%) vs 15% lump sum).
TD vs CIBC
TD: 5.29% vs 5.34%. Your offer can differ, so ask both. Paying down faster: CIBC (10%, 15% or 20% by product vs 15% lump sum).
TD vs National Bank
National Bank: 5.14% vs 5.29%. Your offer can differ, so ask both. Paying down faster: TD (15% lump sum vs 10% a calendar year).
Scotiabank vs BMO
Only BMO publishes a 5-year special rate (5.14%). Paying down faster: Similar: Scotiabank 10%, 15% or 20% by option; BMO 20% lump sum (Smart Fixed 10%).
Scotiabank vs CIBC
Only CIBC publishes a 5-year special rate (5.34%). Paying down faster: Similar: Scotiabank 10%, 15% or 20% by option; CIBC 10%, 15% or 20% by product.
Scotiabank vs National Bank
Only National Bank publishes a 5-year special rate (5.14%). Paying down faster: Scotiabank (10%, 15% or 20% by option vs 10% a calendar year).
BMO vs CIBC
BMO: 5.14% vs 5.34%. Your offer can differ, so ask both. Paying down faster: Similar: BMO 20% lump sum (Smart Fixed 10%); CIBC 10%, 15% or 20% by product.
BMO vs National Bank
Tie at 5.14%. Paying down faster: BMO (20% lump sum (Smart Fixed 10%) vs 10% a calendar year).
CIBC vs National Bank
National Bank: 5.14% vs 5.34%. Your offer can differ, so ask both. Paying down faster: CIBC (10%, 15% or 20% by product vs 10% a calendar year).
Worked example: the widest matchup gap
On the same $480,000 mortgage at 5.29% with 30 months left, the cheapest exit is RBC at $7,680 and the dearest CIBC at $19,800: a $12,120 difference for one borrower, one rate and one date. That gap, not the headline rate, is what each matchup page prices.
Computed by this site’s engine from each bank’s published rates (November 2, 2026). An example, not a quote.
Want all six at once? See the big-bank comparison and the rate grid.