Mortgage Prepayment Charge Calculator

Current Mortgage Balance

Enter the outstanding balance that you still owe on your mortgage (not the original amount that you borrowed).

If you don't know this information, you can find it by signing into RBC Online Banking or by calling us at 1-800-769-2511.

Term Maturity Date

Enter the maturity date of your mortgage. This is the date that the interest term ends. This is not the date in which you expect to have the mortgage paid off in full.

If you don't know this information, you can find it by signing into RBC Online Banking or by calling us at 1-800-769-2511.

Regular Payment Amount

Enter the regular principal and interest payment amount that you are required to make on your mortgage. Do not include amounts for insurance or taxes, or any extra amounts that you apply to pay down your principal faster.

If you don't know this information, you can find it by signing into RBC Online Banking or by calling us at 1-800-769-2511.

Date of Last Regular Payment

This is the date in which the last regularly scheduled payment was made. If you don't know this information, you can find it by signing into RBC Online Banking or by calling us at 1-800-769-2511.

Your Current Interest Rate

Enter the interest rate that you received on your current mortgage. This should be the final rate you received after any discount off the posted rate.

You can find this information in your current mortgage documentation—for example, in your latest renewal notice. If you are not sure, please call us at 1-800-769-2511.

Discount Off Posted Rate

Enter the discount that you received off the posted interest rate for your current mortgage. For example, if the posted rate was 6.00% and you are charged interest at a rate of 5.50% on your current mortgage, you should enter 0.50 here.

You can find this information in your current mortgage documentation—for example, in your latest renewal notice – or by signing into RBC Online Banking. If you are not sure, please call us at 1-800-769-2511.