613-845-0786 | info@thelaurinteam.com 

promo button homebooklet

promo button professional

promo button calculator

Mortgage IRD Penalties Calculator

Current Interest Rate
Mortgage Balance 
Months Remaining
Lenders Comparison Rate
(Lender discounted rate for closest remaining term)
Interest Rate Differential Penalty
3 Months of Interest
Applicable Penalty
Mortgage Balance 

Interest Rate
(Posted rate at the time the mortgage was obtained)

Discount Off Posted Rate
Months Remaining
(On existing current term)
Lenders Comparison Rate
(Current rate for the remaining term provided by the lender)
Interest Rate Differential Penalty


* Please note the calculations are approximate and for information purposes only. Please contact us for a full review and best available options for your needs.


Terms CMHC Conventional
Variable Rate Prime -0.75% Prime -0.70% (35% equity)
6 Months 3.14% 4.55%
1 Year 2.44% 2.49%
2 Year 2.14% 2.49%
3 Year 2.34% 2.59%
4 Year 2.69% 2.69%
5 Year
(Quick 60 days)
35% Down = 2.69%

5 Year Rental
N/A 3.14%
5 Year 120 dasy 2.64% 2.99%
Benchmark 4.84% 4.84%

*Rates subject to change without notice. Certain conditions may apply. OAC, E & OE. Subject to 3% penalty or IRD. Rates published as of July 13, 2017.

Understand Our Rates


214 Tewsley Dr

Read more ...
Products From Our Partners

manulife one



lendful logo blue tagline






dlc visa




Join Our Newsletter List


For Email Marketing you can trust