Mortgage Prepayment Penalty Calculator

What will your prepayment penalty be?

If you have an open mortgage, you are not subject to any parepayment penalty.

Current Mortgage

Current Balance

*Enter the remaining balance of your mortgage in Canadian dollars (CAD).

Current Mortgage Rate

*Enter your current annual mortgage interest rate as a percentage (%).

Interest RateType

Current Mortgage Term Start Date

Current Term period(in years)

Prepayment Simulation

RepaymentType

Prepayment Privilege

*You are entitled to prepayment privillege of up to 10% of current balance once every anniversary year. If you already made a prepayment in this anniversary year, please select 0%

Partial Prepayment Amount

Calculate

Prepayment Privilege Amount

Prepayment Subject Penalty

The Estimated Mortgage Prepayment Penalty is :

Notice:

This calculator is provided for general reference purposes only, and the resulting amount is indicative. For accurate prepayment penalty amount, please visit our branch or contact us directly. The prepayment penalty amount provided by the Branch or Mortgage servicing team will be more precise and will be considered as the payable amount. Please note that additional fee(s) (i.e., payoff fee) may be charged when making full repayment of your mortgage.

1+1 GIC Cashback Promotion

Here is a Mortgage for you