# Estimate Your Loan Pre-Payment Penalty

# Mortgage Pre-Payment Penalty Calculator

Calculates a pre payment penalty amount.

# Results...

Mortgage Pre-Payment Penalty = 1,100

Total Mortgage Pay-Off = 101,100

*Modify the values and click the calculate button to use*

### Pre-Payment Penalty Definition, Examples

A prepayment penalty is a fee that some lenders charge if you pay off all or part of your mortgage early.

If you have a prepayment penalty, you would have agreed to this when you closed on your home. Not all mortgages have a prepayment penalty.

**Example**

A homeowner decides to pay off the mortgage with a remaining balance of $250,000 and there is a prepayment penalty of 4%.

Homeowner would pay $250,400 to the original lender for paying off the mortgage early.