Calculator Icon

Financial tools

Home / Mortgages / Financial tools

Information and Services

Tools to help you manage your financial needs now, and for your future.

Learn more

Mortgage prepayment calculator

Enter your current mortgage information below to get an estimate of what your prepayment charge will be.

  • $
  • %
  • i
    %
  • Remaining months, excluding the current month
    Term used to determine the posted rate
  • 6-17
    1 year closed fixed rate
  • 18-29
    2 year fixed rate
  • 30-41
    3 year fixed rate
  • 42-53
    4 year fixed rate
  • 54-59
    5 year closed fixed rate

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 be used as an estimate. It is not investment advice, and we cannot guarantee its accuracy. All outcomes from the use of calculator should be considered hypothetical. If you would like us to provide the exact amount of your prepayment or require further information, please call us at 1-877-462-3788 or email [email protected].

Terms and Conditions

Fixed Interest Rate Mortgages – The prepayment charge is calculated by 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.

Adjustable Interest Rate Mortgages – The prepayment charge is calculated by using 3 months’ interest which is calculated on the remaining amount of your mortgage.