Tools › Mortgage
Break-your-mortgage penalty
Variable-rate mortgages usually charge three months of interest. Fixed-rate mortgages charge the greater of that and the interest rate differential, and the big banks calculate IRD off their posted rate, which is why the number can be shocking. Estimate both and know which one applies before you sign anything.
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You get this page as a PDF. We get your figures, so if you want to talk, the conversation starts from your actual situation.
Estimates only, for information. Not mortgage, tax or legal advice. Rates, rules and rebates change; confirm every figure with your lender, lawyer and the CRA before you rely on it.
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