Prepayment Charge Calculator

Français

Please enter information about your Current Mortgage

Outstanding Balance:	$	Help	Note: The prepayment charge will be the greater of 3 months interest penalty or interest for the remainder of the term on the amount prepaid calculated using interest rate differential. You may need to have your mortgage documentation on hand to answer some of the questions. The tool estimates the prepayment charge (the cost to break your mortgage) as of today’s date on closed, fixed rate mortgages only. At payout a discharge fee will also be applied. A reinvestment fee may also be applicable.

Remaining Term:	Years Months	Help

Payment Frequency:		Help

Payment Amount:	$ Must be a value between $1 and $10,000 Must be a value between $1 and $10,000	Help

Your Current Interest Rate:	% Must be a value between 0 and 40% Must be a value between 0 and 40%	Help



If you originally obtained your mortgage from Industrial Alliance, please contact 1-800-265-2624 and an MCAP mortgage specialist will assist in providing you with your total prepayment penalty amount.

This calculator will estimate the prepayment charge (the cost to break your mortgage) as of today's date on closed, fixed rate mortgages only.

Please contact us to find your exact prepayment charge. Learn more about prepayment charges Questions? Please call us at 1-800-265-2624