Dominion Lending Centres Mortgage Evolution - Patricia Collins                  patricia@patriciacollins.ca | Cel: 604.996.7701 | Fax: 1.877.554.0116 | Follow Me: Facebook Facebook Twitter Tumblr

Prepayment Calculators

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 wildly depending on the financial institution. 

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

CIBC

HSBC

ING Direct

National Bank of Canada

Manulife Bank

Royal Bank

Scotiabank

TD Canada Trust