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A comment on A Canadian payroll dependency chart. Parent comment

Re:A Canadian payroll dependency chart by MattGaiser on Tuesday January 02, 2024 @12:35PM (#38844341)
Anecdotally, the bank often cannot tell you how much. It has come up multiple times on /r/personalfinancecanada that the bank isn't really sure or generates a few different calculations. I also worked for a mid sized Canadian bank where the advisors couldn't consistently do it either.
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Re:A Canadian payroll dependency chart by mikepurvis on Tuesday January 02, 2024 @01:25PM (#38844997)
That seems odd given that you can walk into your branch any time and get a payout statement that will tell you a total outstanding number. The statement is valid for the next 30 days or whatever, and any fees or penalties are itemized on itβ€” anyone who has paid off their mortgage due to either windfall or sale will have gone through this process.
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Re:A Canadian payroll dependency chart by bluefirebrand on Tuesday January 02, 2024 @12:56PM (#38844624)
If you're on a fixed rate mortgage it seems like this should be trivial...?

Variable rate throws it out of whack of course.

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Re:A Canadian payroll dependency chart by ponector on Tuesday January 02, 2024 @02:21PM (#38845781)
Having a mortgage with 3-months variable rate bank sends a new schedule everytime rate changes.

New schedule is calculated with new rate and consists of payments till the end of the term, with additional info about interest and principal amounts.

Same if you do additional payment into the principal - they will give you a new schedule.

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