The Bank of Canada holds its key interest rate at 2.25%.
Mortgage Prepayment Calculator
Making prepayments is a great way to pay less interest over the lifetime of your mortgage. If the term is closed to prepayment, then there may be a charge if you've prepaid more than 20% of the original principal in any one year. Use this calculator to find out what your estimated prepayment charge will be today. Subject to change.
If your mortgage was funded before May 16, 2021, click here.
The mortgage prepayment calculator is for demonstration purposes only and may not reflect the actual numbers for your mortgage.
This calculator is intended for Personal accounts only. For Business accounts (Commercial, Business and Community), please consult with your Alterna Account Manager.