Refinance decision tool

Canadian mortgage refinance calculator

Compare payment savings, mortgage penalties, equity takeout, debt consolidation, and the month your refinance reaches break-even.

Step 1 of 7

Goal · Why now

Canadian homeowner decision centre

Start with what is changing—not with a product.

Renewal, transfer, refinance, and equity access solve different problems. This map keeps every answer, guide, and calculator in its proper lane.

Your current decision

Would refinancing improve the outcome?

Test break-even, equity, cash flow, closing costs, and the new debt structure as one decision.

01Maturity is approaching

Review the written offer, contract features, and negotiation leverage before convenience becomes the decision.

02Same balance, new lender

Compare qualification, transfer costs, contract quality, and the all-in result before moving the mortgage.

03The term is not finished

Estimate three-month interest and lender IRD before a lower rate makes an expensive change look attractive.

04The mortgage must change

Your path

Test break-even, equity, cash flow, closing costs, and the new debt structure as one decision.

05Equity is needed in stages

Match a HELOC's variable cost and repayment discipline to when the funds will actually be used.

06Cash flow needs relief

Compare monthly relief, total interest, qualification, and re-borrowing risk before securing debt to the home.