It's not a big secret that the bond yields and fixed mortgage rates have a positive relationship, as bond yields rise, typically so do fixed rates for mortgages.  
By following the bond yields, you can predict when mortgage rates can be expected to change and even estimate to where​.



When breaking your mortgage contract early, usually because of a refinance or the sale of your home, you will unfortunately have to pay your lender a penalty called a prepayment penalty. The amount you pay will depend on a variety of factors including the day you signed your original mortgage contract, the term of that contract and your existing mortgage balance, rate type and mortgage rate.

One of the biggest drivers of your mortgage penalty is whether you have a variable or fixed mortgage rate. Fixed rate holders pay the greater of interest rate differential or three months interest, while variable rate holders pay just three months interest.

BMO

 

 

Use our mortgage prepayment calculator to help estimate your prepayment charge if you're thinking about refinancing, early renewing or making mortgage prepayments when you have a (fixed or variable) closed mortgage or a Homeowner Readiline® (installment). 

CALCULATE!

CIBC

 

 

Use our mortgage prepayment calculator to help estimate your prepayment charge if you're thinking about refinancing, early renewing or making mortgage prepayments when you have a (fixed or variable) closed mortgage or a Homeowner Readiline® (installment). 

CALCULATE!

HSBC

 

 
 

Use our mortgage prepayment calculator to help estimate your prepayment charge if you're thinking about refinancing, early renewing or making mortgage prepayments when you have a (fixed or variable) closed mortgage or a Homeowner Readiline® (installment). 

CALCULATE!

LAURENTIAN BANK

 

 

Use our mortgage prepayment calculator to help estimate your prepayment charge if you're thinking about refinancing, early renewing or making mortgage prepayments when you have a (fixed or variable) closed mortgage or a Homeowner Readiline® (installment). 

CALCULATE!

MANULIFE BANK

 

 

Use our mortgage prepayment calculator to help estimate your prepayment charge if you're thinking about refinancing, early renewing or making mortgage prepayments when you have a (fixed or variable) closed mortgage or a Homeowner Readiline® (installment). 

CALCULATE!

MCAP

 

Use our mortgage prepayment calculator to help estimate your prepayment charge if you're thinking about refinancing, early renewing or making mortgage prepayments when you have a (fixed or variable) closed mortgage or a Homeowner Readiline® (installment). 

CALCULATE!

NATIONAL BANK

 

 

Use our mortgage prepayment calculator to help estimate your prepayment charge if you're thinking about refinancing, early renewing or making mortgage prepayments when you have a (fixed or variable) closed mortgage or a Homeowner Readiline® (installment). 

CALCULATE!

RBC

 

 

Use our mortgage prepayment calculator to help estimate your prepayment charge if you're thinking about refinancing, early renewing or making mortgage prepayments when you have a (fixed or variable) closed mortgage or a Homeowner Readiline® (installment). 

CALCULATE!

SCOTIA BANK

 

 

Use our mortgage prepayment calculator to help estimate your prepayment charge if you're thinking about refinancing, early renewing or making mortgage prepayments when you have a (fixed or variable) closed mortgage or a Homeowner Readiline® (installment). 

CALCULATE!

TD BANK

 

 

Use our mortgage prepayment calculator to help estimate your prepayment charge if you're thinking about refinancing, early renewing or making mortgage prepayments when you have a (fixed or variable) closed mortgage or a Homeowner Readiline® (installment). 

CALCULATE!

CANADIANA

 


Please choose which of the following applies to your mortgage.
Please note, if you have a Low Rate Advantage mortgage please contact our customer service department for more information on your prepayment penalty.
When choosing the rate for the equivalent remaining term of your mortgage, round to the nearest whole term.
This calculator makes certain assumptions and is for estimates only. It will provide you with an approximate value to assist you in making decisions regarding your mortgage.

CALCULATE!

If you have questions

If you have questions on how to make your mortgage work for your financial plans, talk to me.
I’m a mortgage expert and I’m committed to providing the best mortgage advice to all my clients.

Talk to me :)

Elena Roy
Mortgage Agent
Licence # 12001012

Tel: (613) 697-7801
Fax: (613) 482-4839

elena@capitalmortgages.com

Head Office
   106-18 DEAKIN ST
   OTTAWA, ON,
   K2E 8B7

Kanata Office
   200 - 260 HEARST WAY
   KANATA, ON,
   K2L 3H1

 

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