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.
Mortgage term and rate.
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.