Mortgage Discharge Cost Calculator
Know Your Cost to 'Mortgage Exit'
Discharging a mortgage isn’t just a signature and a handshake—it comes with real out-of-pocket costs that can surprise you if you don’t plan for them. This calculator gives you a fast, practical estimate of typical discharge expenses based on the type of lender you have (Prime, Alternative, or Private/MIC).
The numbers start with common Canadian averages, and you can overwrite any line item with your lender’s or lawyer’s actual quotes—so you can compare scenarios side-by-side and avoid “wait… what’s that fee?” moments at the finish line.
Use it whenever you’re thinking about refinancing, switching lenders, selling, payouts after a separation, or any situation where your mortgage needs to come off title.
Disclaimer
The mortgage calculators provided on this website are for general informational and illustrative purposes only. The results generated are based on user-entered information and standardized assumptions regarding interest rates, amortization periods, debt service ratios, stress test requirements, property taxes, and other inputs.
These tools do not constitute financial advice, mortgage advice, a mortgage approval, or a commitment to lend.
Actual mortgage qualification and terms depend on many factors, including but not limited to:
-
Verification of income and employment
-
Credit history and credit score
-
Existing debt obligations
-
Down payment source and documentation
-
Property type and location
-
Applicable federal and provincial regulations
-
Specific lender underwriting policies and guidelines
Lender policies and regulatory requirements may change without notice and may differ between financial institutions. As a result, the outcomes produced by these calculators may not reflect the final mortgage approval amount, interest rate, product structure, or conditions offered by a lender.
For advice tailored to your individual circumstances, please consult with me.
Mortgage services are provided in accordance with applicable provincial legislation, including the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Ontario) and regulated by the Financial Services Regulatory Authority of Ontario (FSRA) where applicable.
Get a free subscription to “The Mortgage Insider” containing rate updates and financial strategies!
