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

Estimating the prepayment charge for a variable-rate closed mortgage

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

Estimate of 3 months' interest

Estimate of the interest rate differential amount

Estimated prepayment charge

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

Learn more about mortgages