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RBC Royal Bank mortgage calculator

Estimate your RBC Royal Bank mortgage payment using sample posted rates and Canadian semi-annual compounding. Pre-populated with a representative RBC 5-year fixed; adjust to your actual quote.

Your scenario

Result

Payment per month
$4,224.52
Monthly P&I
$4,225
Total interest
$547,356
Total paid
$1,267,356
Annual prepay privileges
10% / 10%

Sample rates only. Mortgage360 is an independent platform — NOT affiliated with RBC Royal Bank. Confirm posted rates and prepayment terms directly with RBC or your mortgage broker before any decision.

Independent tool: This calculator uses sample RBC posted rates and is NOT affiliated with RBC Royal Bank. Always confirm your actual quote with the lender or your broker.

About RBC Royal Bank mortgages

Canada's largest bank by assets. Best for borrowers who already do banking with RBC — relationship pricing meaningfully discounts posted rates.

RBC prepayment privileges

Standard RBC closed mortgages allow 10% / 10% annual prepayment privileges (lump-sum percentage of original principal / payment-increase percentage). Use these to pay your mortgage down faster without triggering a penalty. Run the math in our prepayment savings calculator.

Signature products + programs

  • Royal Credit Line — readvanceable HELOC
  • Homeline Plan — combined mortgage + HELOC under one umbrella
  • Switch & Save — discharge fee covered when switching to RBC
  • RBC True Line — straight HELOC, no mortgage component

What brokers tell their clients about RBC

RBC discounts harder for existing chequing / investment / credit card clients. The all-in 'Homeline' product is uniquely flexible if you want re-advancing built in.

How this calculator works

The math uses Canadian semi-annual compounding (Bank Act convention) — converting the nominal annual rate to an equivalent per-period rate. Output stays consistent whether you choose monthly, bi-weekly, accelerated bi-weekly, or weekly. Run a side-by-side variable scenario in our fixed vs variable calculator, or test what happens if you break the mortgage early in our break penalty calculator.

Renewing or refinancing with RBC?

Your renewal letter typically arrives 4-6 months before maturity. Most borrowers accept whatever rate is offered — but RBC discounts hard when challenged. See what to do 90 days before renewal and run the math in our renewal comparison calculator.

Other Canadian lender calculators

Compare side-by-side with other major Canadian lenders:

Bottom line

RBC Royal Bank is one of several major Canadian mortgage lenders Mortgage360 tracks on the live rates board. The calculator above lets you stress-test your scenario at a representative RBC rate. For your real quote, call RBC directly or work with a broker who can put your file through multiple lenders simultaneously.