FirstLine Mortgages – Mortgage Tools – Prepayment Charge Calculator


	Mortgage Tools - Prepayment Charge Calculator

Use the Mortgage Prepayment Charge Calculator to see what prepayment charge you may incur if you prepay all or part of your mortgage loan

This calculator estimates the prepayment charge that applies if you prepay part (not all) of your mortgage. You will need to input your mortgage details. You can find this information on your mortgage documents, through firstline.com, or you can call us at 1-800-970-0700

Do not use this calculator if:

you have an Auto 6 or Auto 12 (Convertible) mortgage. Partial prepayment cannot exceed the annual privilege (10% for Auto 6, 20% for Auto 12).

your mortgage is beyond its 5th anniversary. Please contact us at 1-800-970-0700.

you received cash back with your mortgage. Please contact us at 1-800-970-0700.

FirstLine Mortgages – Mortgage Tools – Prepayment Charge Calculator

ENTER MORTGAGE DETAILS:

Mortgage Loan Type
Maturity Date
Did you receive Cash Back?
Cash Back percentage(%) received
Current Interest Rate	%
Rate Discount Received	%
Current Payment Frequency
Mortgage Loan Payment	$
Outstanding Principal Balance	$



			CALCULATE



			RESET

View current rates

Information on Mortgage Prepayment

IMPORTANT INFORMATION:
Additional costs may apply for Full Prepayment; for example: Discharge, Assignment or Registration fees.

If you have a FirstLine Matrix mortgage, this calculator only applies to the Loan portion of the FirstLine Matrix mortgage.

The Mortgage Prepayment Calculator results are based on the information you provided and are for illustrative and general information purposes only. This calculator is not intended to provide specific financial or other advice, and should not be relied upon in that regard. The actual prepayment charge may differ from the estimate provided. For the purposes of determining the actual prepayment charge applicable to your mortgage, the data taken from the accounts and records of FirstLine Mortgages will constitute conclusive evidence of such data.

®Registered trademark of CIBC Mortgages Inc.
™Trademark of CIBC Mortgages Inc. FirstLine Mortgages is a division of CIBC Mortgages Inc.
®FirstLine ACCESS is a Registered trademark of CIBC Mortgages Inc. ® ACCESS Mortgage is a Registered trademark of CIBC Mortgages Inc.
FirstLine® Matrix Mortgage Suite™

FirstLine Mortgages – Mortgage Tools – Prepayment Charge Calculator

ENTER MORTGAGE DETAILS:

Original Principal Balance	$
Annual Privilege Percentage
Annual Prepayment Privilege	$



			CALCULATE



			RESET

Amount you want to prepay	$
Mortgage Loan Type
Maturity Date
Did you receive Cash Back?
Cash Back percentage(%) received
Current Interest Rate	%
Rate Discount Received	%
Current Payment Frequency
Mortgage Loan Payment	$
Outstanding Principal Balance	$



			CALCULATE



			RESET

View current rates

Information on Mortgage Prepayment

IMPORTANT INFORMATION:

The Mortgage Partial Prepayment Calculator results are based on the information you provided and are for illustrative and general information purposes only. This calculator is not intended to provide specific financial or other advice, and should not be relied upon in that regard. The actual prepayment charge may differ from the estimate provided. For the purposes of determining the actual prepayment charge applicable to your mortgage, the data taken from the accounts and records of FirstLine Mortgages will constitute conclusive evidence of such data.

®Registered trademark of CIBC Mortgages Inc.
™Trademark of CIBC Mortgages Inc. FirstLine Mortgages is a division of CIBC Mortgages Inc.
®FirstLine ACCESS is a Registered trademark of CIBC Mortgages Inc. ® ACCESS Mortgage is a Registered trademark of CIBC Mortgages Inc.
FirstLine® Matrix Mortgage Suite™