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Mortgage prepayment calculator

Pay off your mortgage faster.

Use our mortgage prepayment calculator to figure out what it might cost to pay all or part of your mortgage before the maturity date.

Please keep in mind:
  • For the best experience, please use the Google Chrome browser for this calculator
  • It’s up to you to confirm the accuracy of the information that is input into this calculator. Please review your original mortgage agreement
  • If you have a fixed rate mortgage, your prepayment charge will be calculated on the higher of the greater of the three months’ interest on the amount you are prepaying (interest will be calculated at your annual mortgage interest rate) OR the interest rate differential on the amount you are prepaying
  • If you have a variable rate mortgage, your prepayment charge will be calculated on three months’ interest on the amount you are prepaying (interest will be calculated at your annual mortgage interest rate)
  • If you are making a full payment to pay off your mortgage, the penalty free prepayment amount of up to 20% annually does not apply
  • If you are making a partial payment, your prepayment charge will be calculated on the amount over and above the allowable 20% prepayment privilege if no other prepayments  have been made in the calendar year
  • For any questions, please call Member Service at 1-833-696-6887 for support

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