chc CANADA HOME COSTS

Mortgage penalty calculator (estimate)

Estimate common prepayment penalties (3 months’ interest and IRD) when breaking a mortgage early.

This is an estimate. Lender penalty methods vary. Confirm with your lender before making decisions.

Mortgage details

Payout

Fixed mortgage IRD inputs

Use your lender’s current rate for a term closest to your remaining term. This tool uses a simplified IRD estimate.

Optional fees
Results are estimates for informational purposes only.