Mortgage Prepayment Rates
The corresponding term that is closest to the remaining months in your existing term should be selected for your calculation. In cases where the remaining months are between terms, the higher posted rate is used. See today's posted mortgage rates to determine the posted rate used for your remaining term.
| Remaining months on existing term | Posted rate to be used in calculation |
|---|---|
| 1 to 8 | 6 months |
| 9 | 6 or 12 months* |
| 10 to 17 | 12 months |
| 18 | 12 or 24 months* |
| 19 to 29 | 24 months |
| 30 | 24 or 36 months* |
| 31 to 41 | 36 months |
| 42 | 36 or 48 months* |
| 43 to 53 | 48 months |
| 54 | 48 or 60 months* |
| 55 to 65 | 60 months |
| 66 | 60 or 72 months* |
| 67 to 77 | 72 months |
| 78 | 72 or 84 months* |
| 79 to 101 | 84 months |
| 102 | 84 or 120 months* |
| 103 or greater | 120 months |
* Use the higher posted rate