Prepayment Charge Calculator

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Use our prepayment charge calculator to estimate the prepayment charge that would apply to your mortgage loan if you made a full or partial prepayment today.



MORTGAGE PREPAYMENT CHARGE CALCULATOR

Use the Street Capital mortgage prepayment charge calculator to estimate the prepayment charge that would apply to your mortgage loan if you made a full or partial prepayment as of today’s date.

Would You Like to Make a Full or Partial Prepayment?

Enter your original mortgage loan amount, not your current mortgage loan amount.

Maximum Annual Prepayment Privilege

From the dropdown menu, select the percentage of your original mortgage loan amount that you can prepay without paying a prepayment charge. You can find this information in your mortgage loan documentation.

Enter the total amount of prepayments you have already made towards your mortgage this year.

Enter the amount you wish to prepay. Prepayment charges apply to the portion of the prepayment that is in excess of your annual prepayment privilege.

Do You Have a Street Solutions™ Mortgage?

To determine if you have a Street Solutions™ mortgage, please refer to your mortgage loan documentation.

Term Maturity Date

Enter the maturity date of your mortgage. This is the date that the term ends. This is not the date you expect to have the mortgage paid off in full. You can find this information in your mortgage loan documentation.

Enter the interest rate that you received on your current mortgage. You can find this information in your mortgage loan documentation.

Enter the outstanding balance that you still owe on your mortgage (not the original amount that you borrowed).

The Street Capital Mortgage Prepayment Charge Calculator is for demonstration purposes only. Prepayment charge results are based on the information you provide and are estimates only. The actual prepayment charge may differ. To obtain the amount of the exact prepayment charge and other fees which may be applicable, please contact Customer Service. If you have a Street Loyalty mortgage that bases its IRD calculation using the applicable Government of Canada bond rate, please contact us.  Actual mortgage rates may fluctuate and are subject to change at any time.

Please click here for additional mortgage prepayment information.

Your prepayment charge is
$0.00
Calculation Type
Three months interest
Remaining term
2 year(s), 0 month(s)
Comparison Rate
2 year(s), 3.34%

The comparison interest rate is Street Capital’s current posted interest rate for the term that is comparable to the time remaining on your mortgage.

To learn more about how prepayment charges are calculated please click here.





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