Mortgage Penalty Calculator Canada
Compare three months of interest with a simplified interest-rate differential estimate.
How this estimate works
Canadian fixed-mortgage penalties often use the greater of three months of interest or an interest-rate differential. Exact lender calculations can use posted rates, discounts and contract-specific rules.
Important assumptions
Use the comparison rate supplied by your lender and request an official payout statement before making a decision. This calculator cannot reproduce every lender formula.
General information only. Rates, fees and lender calculations change. Verify important figures with the relevant government authority, lawyer, tax professional or lender.