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Mortgage type.
Select the type of mortgage financing you received. You can find this information in your “Cost of Borrowing Disclosure Statement.”
All fields are required.
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Mortgage term and rate.
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Results.
Estimated mortgage penalty:
Recalculate your mortgage penalty.
Note:
The calculator can’t estimate your penalty if:
- your property has 6 units or more; or
- if you have an adjustable-rate mortgage.
No penalty applies to a prepayment if:
- Your mortgage is for a closed-term and the prepayment amount is the same or less than the mortgage prepayment privilege of 15%. For details, refer to your “Cost of Borrowing Disclosure Statement.”
- Your mortgage is open term.