Mortgage Prepayment Penalty
Which is the greater of Three Months' Interest or Interest Rate Differential
Three Months' Interest Calculation:
Interest Rate Differential Calculation:
The Mortgage Prepayment Penalty calculators above are provided as a guideline only. The actual prepayment penalty or charge may differ from the estimate provided. For purposes of determining what the actual prepayment charge applicable to your mortgage will be, please contact your credit union.
It is important to note that additional fee(s) may be charged when a mortgage is paid in full and discharged for example: discharge fee, registration fees, an assignment fee, etc. For further information, contact your credit union.