Quick estimate
Mortgage penalty calculator
A simplified version of the MortgageSkip calculator. It estimates the penalty only. The full version also compares breaking with staying.
Estimated penalty
$4,700 to $6,100
Banks and most credit unions measure fixed-rate penalties against their posted rates, which tends to give the higher figure (about $4,700). Other lenders usually land nearer $6,100.
Estimated September 29, 2026. Uses bank posted rates published September 23, 2026. Your lender’s own calculation decides the real penalty. The full calculator accounts for your start date, lender and payment schedule. This is a simplified estimate, not a quote, a pre-approval or advice, and a lender’s own figures can differ. Nothing you enter here leaves your browser.
Powered by MortgageSkip