Skip to main content
Team handshake
  • Home
  • Mortgage Pre-payment Penalty Calculator

Mortgage Pre-payment Penalty Calculator

How much is your mortgage prepayment costing you?
This easy to use calculator helps you find out.

Existing interest rate should be greater than posted rate.
Cannot be under 3 months.
Cannot be above 78 months.
Current Interest Rate Type:

Do you have a Variable or Fixed Rate mortgage?


Are you making a Full or Partial Repayment?

Pre-Payment Amount:

What is the amount that you wish to repay?

Current Interest Rate:

What is the Interest Rate on your Mortgage?

Maturity Date:

When is the maturity date of your mortgage?

Current Posted Rate:

What is our current posted rate closest to the remaining Term of the Mortgage Loan?

Your Estimated
Pre-Payment Charge Is:

These calculators are made available to you as tools for independent use and are only intended to be used as a guide. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only.

For more information about mortgage options and prepaying your mortgage, go to the Financial Consumer Agency of Canada to learn more about FCAC mortgage details.

Want to understand more about how pre-payment calculators work?

If you want a detailed breakdown of all the terms mentioned above, download the document below:

How pre-payment charges work