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Mortgage Prepayment Charge Calculator

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Remaining Term

To find the rate used for your comparison mortgage, locate the row in the chart that corresponds to the number of months remaining on your current mortgage from the prepayment date to the maturity date, and use the posted rate indicated in the far right column to find the comparison term.

The comparison mortgage will have the same prepayment privileges as the mortgage (meaning it is "closed" to prepayment), will be a fixed interest rate mortgage and will have a remaining term that is similar to the time remaining in the mortgage.

If you received a “discount” below our posted rates, the amount of the discount will be subtracted from the comparison mortgage rate before calculating the difference between the mortgage rate and the comparison mortgage rate.

  TERM REMAINING USE FOLLOWING RATES
0 months - 8 months 0 to 8 6 month rate
8 months and 1 day - 17 months 8+ to 17 1 year rate
17 months and 1 day- 29 months 17+ to 29 2 year rate
29 months and 1 day - 41 months 29+ to 41 3 year rate
41 months and 1 day - 53 months 41+ to 53 4 year rate
53 months and 1 day - 71 months 53+ to 71 5 year rate
71 months and 1 day – 95 months 71+ to 95 7 year rate
95 months and 1 day – 143 months 95+ to 143 10 year rate
143 months and 1 day and over 143+ and over 25 year rate

To find the current rates applicable to the comparison term, visit our view rates View Mortgage Rates (opens new window) page.

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