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Mortgage Penalty Calculator

The mortgage penalty calculator will provide you with an estimate of interest rate differential and 3 months interest penalty (whichever is greater).


The penalty calculation from your lender was specified at the time you signed the original mortgage documents. Bank, Credit Unions and Trust Companies charge penalties if you pay out a closed mortgage before the term matures . Open mortgages carry no penalty in most cases.


To get exact penalty amount, you would need to contact your current lender by calling  their toll free number and requesting the penalty amount as this can change on a daily base.

 

Disclaimer: Calculators are for estimate and comparable purposes only. Exact information is provided by your current lender. 

 

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