Penalty to break my mortgage

What would it cost to break the mortgage early?

Variable mortgages usually charge three months of interest. Fixed mortgages charge the greater of that and the interest rate differential, and every lender calculates the differential its own way, which is why the range below can be wide. Ask your lender for a written quote; we check it.

Mortgage type
For fixed mortgages
Use the lender’s posted rate for a term closest to the months left. Big banks often use posted rates, which makes the differential larger.
Some lenders subtract your original discount from the comparison rate. Set to 0 if unsure.
Estimated penalty
$0

Three months’ interest
Interest rate differential
Method that applies
Email me these numbersIs refinancing worth it?

Estimate only. Your lender's formula, posted rates and discounts decide the real number. Constants verified 2026-09-16.