Mortgage Prepayment Penalty Calculator

The calculations below (three months' interest and interest rate differential) can be used to estimate the prepayment penalty/charge that would apply if you prepaid the full amount of your mortgage loan. The estimated charge that would apply would typically be whatever amount is greater between the two calculations. You will need to input details about your mortgage loan into this calculator. This information can be found on your most recent mortgage loan documents or by contacting us.

Note: This is assuming you have a closed mortgage with a fixed interest rate and have not already used any of the prepayment options/privileges available to you.

       
Outstanding Mortgage Balance

 
Months Remaining on Your Term  
Current Interest Rate on Your Mortgage  
Current Interest Rate  
     
       

   
   

 

 

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