What should i look at when considering whether to break a mortgage? Should i look at how much the monthly payment would be reduced, how much has been saved over the term, or over the lifetime of the mortgage? My fee would be relatively low at 3000. But on the other hand would i be better off making a prepayment with that amount? My mortgage is small at 82000, my rate is 3.39% and i have 11 years left on my mortgage and 2 years left in my term.