Calculators

Run the real numbers, instantly

Every result updates live as you type. These are estimates for planning purposes — your actual approval depends on full application details.

Mortgage Payment Selling: Net Proceeds Budget & Cash Flow Down Payment & CMHC BC Land Transfer Tax Rent vs. Buy Refinance & Renewal Mortgage Penalty (IRD)

Mortgage penalty (IRD) calculator

Estimate the cost of breaking your mortgage before the end of your term.

Remaining mortgage balanceYour current rate %Months remaining in termLender's current rate for that time remaining %Mortgage type

Estimated penalty

3 months' interest$0

Interest rate differential (IRD)$0

Method appliedIRD (the greater amount)

Fixed mortgages: greater of 3 months' interest or IRD. Variable: typically 3 months' interest. Big banks often calculate IRD from posted rates, which can make the real penalty much higher — ask Sayed to request your exact payout statement before breaking.Email these numbers to Sayed for a real quote →