Click on the below links to go directly to the online calculators for these institutions.

These calculators were inspired by this worthy initiative from the Department of Finance.

NOTE: The penalties vary significantly depending on the financial institution, and between variable and fixed mortgages.

A new Code of Conduct for Federally Regulated Financial Institutions was implemented "to provide enhanced information in respect of credit agreements secured by mortgages where a prepayment charge could apply to assist borrowers in making decisions about prepayment of their mortgage."

Please feel free to call me to work out whether breaking your mortgage is the right plan or path for you.

Bank of Montreal



ING Direct

National Bank of Canada

Manulife Bank

Royal Bank


TD Canada Trust

CALL or Email now with any questions or to sit down with me and walk through these calculations and scenarios together!

604-996-7701 or email

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