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RBC Royal Bank mortgage calculator

Estimate the payment on a RBC Royal Bank mortgage at the rate on your quote, then check RBC's own published rules for prepaying, porting and breaking the mortgage. Independent tool — not affiliated with RBC.

Your scenario

Result

Payment per month
$4,122.22
Monthly P&I
$4,122
Total interest
$516,665
Total paid
$1,236,665
RBC prepayment
10% lump sum · 10% payment increase

The starting rate of 4.84% is illustrative, not a RBC rate — enter the rate on your own quote. Mortgage360 is an independent platform, NOT affiliated with RBC Royal Bank.

Rules checked: September 2026. Sources: RBC: prepayment options · RBC: porting a mortgage · RBC: prepayment charges · RBC: terms for 2024 migrated clients

Independent tool: Mortgage360 is not affiliated with RBC Royal Bank. The calculator does not know RBC's current rates; the rules below are summarized from RBC's own website, linked at the end of each section.

About RBC Royal Bank

RBC is one of Canada's Big Five banks. Clients whose mortgages moved over from HSBC Bank Canada in 2024 kept different prepayment terms from other RBC borrowers.

RBC prepayment privileges

Standard RBC closed mortgages allow a lump sum of up to 10% of the original principal once every 12 months, and a payment increase of up to 10% once every 12 months. Borrowers migrated from HSBC in 2024 have 20% / 20% privileges with a combined 20% cap. Model what a lump sum does to your amortization in the prepayment savings calculator.

Porting a RBC mortgage

RBC mortgages can be ported when you buy and sell at the same time. If the purchase closes first, the two closings must be within 120 days; if the sale closes first, you have 120 days to complete the port. The port must go to a single property.

How RBC calculates the penalty to break

Variable: three months' interest. Fixed: the greater of three months' interest or an IRD calculated against RBC's posted rate for a term similar to your remaining term, less the rate reduction you received, discounted to present value. Estimate the difference between the two methods in the mortgage penalty calculator.

What that means for you

RBC's 10% / 10% privileges are at the lower end of the big banks, so a borrower who plans to pay down aggressively should model it before committing. The 120-day porting window is clearly stated, which helps anyone timing a sale and purchase.

How this calculator works

Canadian fixed-rate mortgages state their rate compounded semi-annually, not in advance — the convention that follows from section 6 of the federal Interest Act. The calculator converts the rate you enter into the equivalent rate for your payment frequency, so monthly, bi-weekly and weekly results stay consistent. Accelerated bi-weekly pays half the monthly amount every two weeks, which adds the equivalent of one extra monthly payment a year.

Sources

Checked September 2026. Lenders change their terms; your commitment letter is what binds you.

Compare with other lenders

Prepayment and penalty rules differ more between lenders than rates do. Compare the published terms of other Canadian lenders:

Renewing or refinancing with RBC?

A renewal offer is usually negotiable, and since November 2024 a straight switch to another lender at renewal no longer requires passing the stress test again. Put the offer against a competing quote in the renewal comparison calculator.

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