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Mortgage Refinance Calculator
Calculator · Open source
Mortgage Refinance Calculator
Estimate your savings from refinancing: penalty costs, interest savings, and break-even timeline.
Methodology
Public formulas, updated regularly. Built for Canadians, by Canadians.
Mortgage Balance
$
Current Rate
%
New Rate
%
Remaining Amortization
years
Remaining Term
2 years
3 years
5 years
7 years
Penalty Type
Interest Rate Differential (IRD)
3 Months Interest
Calculate
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