Mortgage
Land transfer tax
First-time buyer
Lease or purchase
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Sell or buy first
Net proceeds
Mortgage penalty
Home valueMortgage penalty calculator.
Thinking of selling or switching before your term ends? Estimate what breaking your Canadian mortgage could cost.
Your mortgage
Find these on your latest mortgage statement.
$
%
months
For fixed rates: the IRD
The lender compares your rate to what they charge today for a term matching the time you have left.
%
Ask your lender or check their posted rates
Estimates only. Rates, rules and fees change and your lender, lawyer and tax adviser have the final word — please confirm before you rely on any number. Your lender’s contract has the final say and calculation methods differ. Ask for a written penalty quote. Many mortgages let you sell and transfer (port) your mortgage to the new home with no penalty.
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