When I was close I renewed for a 3 year floating. I was assured there would be no early penalties to pay off sooner, and there wasn't(if you follow the rules). I was able to do bulk payments at the 10% rate of the original mortgage(not the renewal amount remaining), plus the double up payments, which avoided any over-payment penalties.
Once the last payment was made and the balance is zero, there is a small discharge fee. I think it was under $100. Plus the celebration party, which was probably more than $100.
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