When does a prepayment chargeOpens a popup. apply?

Review important mortgage terms

Pay off your mortgage faster

Increase your payment amount

Increase your payment frequency

Make an annual prepayment of 10%, 15% or 20% depending on your product

Prepay at renewal

How to avoid prepayment charges


Port your mortgage

Mortgage assumption


Choose an open mortgage


How are prepayment charges calculated?

Fixed-rate closed mortgages

Variable-rate closed mortgages

Example: Estimating the prepayment charge for a fixed-rate closed mortgage

Estimated prepayment charge

What additional charges may apply when prepaying a mortgage before the maturity date?

Learn more about mortgages