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Mortgage Renewal/Refinancing Calculator

If you've got a high interest rate mortgage, it may make sense to refinance your mortgage early to take advantage of lower interest rates. Our early mortgage refinancing calculator will help determine how many months it will take to break even on the refinancing costs and renewal penalties.

You may also want to consider the advantages of switching from a monthly payment to a biweekly mortgage payment.

Enter the Current principal balance of your mortgage: $
Enter the amount of your monthly mortgage payment: $
Enter your mortgage's current interest rate:     %
Enter interest rate you will be refinancing at:     %
Enter the number of years you will be refinancing for:     yrs
Enter the closing costs that will be required for refinancing: $

*The early mortgage refinancing calculator is provided as a self-help tool to show how much you could potentially save by renewing your mortgage early at a lower interest rate. The results should only be used as a guideline. Contact a Verico Brokers for Life mortgage specialist to help you decide whether an early mortgage renewal makes sense for you.

Verico Brokers For Life
Toll Free 1.866.902.7771

© 2011 Brokers for Life
1144 Wedgewood Blvd.,
Edmonton, Alberta - T6M 2L5

FSCO Brokerage License #12142

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