The monthly mortgage on an average Regina home (about $330,000) is roughly $1,467 at a ~4.5% rate with 20% down over 25 years.
The monthly mortgage payment on an average Regina home ($330,000) is about $1,467 at a ~4.5% rate, 20% down, 25-year amortization. At 5.5% it rises to about $1,621. Payments move with the Bank of Canada rate. Illustrative, not a quote.
Same Regina home, 20% down, 25-year amortization — only the rate changes:
| Rate | Monthly payment |
|---|---|
| 4.0% | $1,393 |
| 4.5% | $1,467 |
| 5.0% | $1,543 |
| 5.5% | $1,621 |
| 6.0% | $1,701 |
Variable-rate mortgages follow the prime rate, which tracks the Bank of Canada. Fixed rates follow bond yields. Watch the live rate and the next decision. One of the most affordable provincial capitals in Canada, with low price volatility.
About $1,467 at ~4.5% with 20% down over 25 years (illustrative).
A bigger down payment, a longer amortization, or a lower rate all reduce the monthly payment. See how to lower your payment.