Mortgage Refinance Calculator (Canada)

Calculations and what-if scenarios to help you run the numbers: consider costs, consolidate high-interest debt, free up cash flow, and maybe put it to work — see what's best for you.

Your numbers are in your inbox with a link to your application. Nothing is submitted until you say so.

. Importantly, taxes are not considered in any calculations.

Model a Canadian mortgage refinance the way a broker does: your lender's real prepayment penalty, break-even, consolidating credit cards and car loans, and what the freed cash flow becomes in a TFSA.

When the new mortgage would pay out the old one. Funding within 30 days of maturity avoids the penalty.

How far below the bank's posted rate your rate was when you signed. Big banks add it back when calculating the IRD.

Starts at today's best refinance rate. Refinances are uninsured, so they price a little above insured rates.

Typical: appraisal $300–500, legal $700–1,500, lender discharge fee $300–400. Lenders often cover the legal fees on a switch.

Extra equity borrowed at funding and invested, alongside any freed cash flow. Subject to the 80% limit.