A simple to use Mortage Penalty Calculator that gives you a clearer picture of the penalty to break your mortgage penalty before maturity.
Its simple to use, all you need is 8 pieces of information that can be found in your mortgage documents, online, or by contacting your lender.
As an added bonus the app gives the current posted mortgage rates for 40 Canadian Mortgage lenders.
With a few clicks, you can see the impact of how rate discounts, time to maturity, and the current mortgage posted mortgage rates change penalties.
Potentially the first penalty calculator that calculates the Interest rate differential penalty!