Mortgage Refinance Calculator

See if refinancing your mortgage saves you money. Enter your current balance and rate, a new rate and term, and your prepayment penalty type. The calculator shows monthly savings, total interest saved, penalty costs, and break-even timeline.

01 —INPUTS

Refinance Details

Current Balance (CAD)

Current Rate (%)

Remaining Months

New Rate (%)

New Term (years)

Penalty Type

02 —RESULTS

Refinance Analysis

Monthly Savings

-$3,467

Interest Saved

$161,532

Penalty + Costs

$5,625

Net Benefit

$155,907

Current payment$2,053

New payment$5,521

Break-evenNever

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