Pay off mortgage balance - best solution with least penalty
Mortgage Loan Balance: $606,000
Payment frequency: Bi-weekly
Interest rate: 2.59% (5-year fixed)
Maturity date: May 28, 2020
1) If I am able to pay off my mortgage balance in full today, what would be the penalty cost if I were to do this?
2) If I wait until the maturity date, can I pay off the mortgage balance in full without any penalties?
Basically, I'm trying to find out the best strategy to pay out my mortgage balance.
Any help or advice would be greatly appreciated.