Interest Rate Differential Charge (IRD) Calculator

There may be a prepayment charge levied for switching your interest rate before the expiry date of your current interest rate term.

If your current interest rate is higher than the rate you want to switch to, you will incur a penalty charge.

To determine the comparison rate for the below calculation, please refer to our posted rates, which can be found here: CHIP Reverse Mortgage Interest Rates.*

You can use the IRD calculator below to estimate your potential charge.