Mortgage prepayment penalty
Estimate the cost to break a mortgage early. Select the lender to apply their methodology automatically.
Estimate only. For exact penalty figures, ask the client for their original mortgage commitment letter so we can use the actual posted rate at funding. Lender-specific rounding and amortization adjustments may move the final number by a few hundred dollars.
Disclaimer: This calculator is for illustrative purposes only and should not be relied upon for financial planning. Actual penalties depend on lender-specific calculations and rate changes daily. The estimate does not include reinvestment fees, discharge fees, assignment fees, or other administrative costs. The simplified IRD method does not factor in amortization or present value, which means estimated figures may differ from the lender’s final payout statement.