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Do you want to pay all or part of your mortgage?

When you pay all or part of the mortgage before the term ends, you may need to pay a prepayment charge to the lender. The terms for prepayment charges are defined in the mortgage agreement.

Refer to your mortgage documents to find the information you need for this calculator. For details about your mortgage, sign on to CIBC Online Banking® or call us at 1-888-264-6843. In Quebec, call 1-800-813-1833. 

If your mortgage term is longer than 5 years, the calculator estimates apply only during the first 5 years of that term.

Prepayment charges may apply when you:

  • Renew, refinance or pay off your mortgage mid-term
  • Prepay more than your annual prepayment privilege amount
  • Transfer your mortgage to another lender


Learn more about mortgages

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