Information and Services
Tools to help you manage your financial needs now, and for your future.
Mortgage prepayment calculator
Enter your current mortgage information below to get an estimate of what your prepayment charge will be.
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YOUR REPAYMENT SUMMARY
Penalty Amount*: {{ penalty }} Penalty Amount*: {{ penaltyFR }}*If you have repayment penalties, please contact customer services at [email protected].
This calculator is for information purposes only and is intended to provide an estimate. It is not investment advice, and we cannot guarantee its accuracy. All outcomes from the use of the calculator should be considered hypothetical. If you would like us to provide the exact amount of your prepayment charge or require further information, please call us at 1-877-462-3788 or email [email protected].
Terms and Conditions
Fixed Interest Rate Mortgages – The mortgage prepayment calculator calculates an estimate for the prepayment charge using the greater of the Interest Rate Differential (IRD) or; 3 months’ interest both of which are calculated on the remaining amount of your mortgage. Different prepayment terms will apply to some fixed interest rate mortgages funded after July 1, 2025 with annual prepayment privileges of up to 10% of the original principal amount. The mortgage prepayment calculator calculates an estimate for the prepayment charge using the greater of Three Months Interest, Interest Rate Differiential (IRD) or Interest Amount (1% per annum).
Adjustable Interest Rate Mortgages – The prepayment charge is calculated by using 3 months’ interest which is calculated on the remaining amount of your mortgage.