Mortgage Penalty Calculator

Inputs

$
Variable Rate Fixed Rate
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The day you signed your mortgage, your lender may have provided you with a discount. You may be paying 3.25% but the posted rate on that day was 3.75%, a discount of 0.5%. If you are unaware of any discount, you can skip this step.

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Results

Your estimated mortgage break penalty is...
Based on the date you selected and the selected mortgage term length your contract is complete. Please correct date.
Your estimated mortgage break penalty is...
$2,437.5
How is my mortgage penalty calculated?
$300,000
Remaining Mortgage Balance
3.25%
Current Mortgage Interest Rate
3/12
3-Months Interest
=
$2,412.3
Total Penalty