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Mortgage Refinancing Calculator

This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.
FINANCIAL CALCULATORS

Refer to the Bank of Canada for the latest interest rates.

* BOLD TEXT denotes a required field

PRINCIPAL BALANCE OF MORTGAGE  
MONTHLY MORTGAGE PAYMENT  
CURRENT INTEREST RATE  
NEW INTEREST RATE  
NUMBER OF YEARS FOR REFINANCING  
REFINANCING CLOSING COSTS  
 
 
MONTHLY PAYMENT AFTER REFINANCING  
MONTHLY SAVINGS
  
NUMBER OF MONTHS TO BREAK EVEN ON CLOSING COSTS  
INTEREST PAID UNDER CURRENT MONTHLY PAYMENT PLAN  
INTEREST PAID AFTER REFINANCING  
INTEREST SAVED AFTER REFINANCING  
 NET REFINANCING SAVINGS (interest savings less closing costs)  

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Contact Robert Nimmo

Call or email Robert and his team at the contact information below.

Phone: +1 416 236 1241

Email: homes@robertnimmo.com

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