Refinance Calculator
When does refinancing actually pay off?
Your break-even point is the number that matters. Find yours in seconds.
See Today's Mortgage RatesBreak-Even Chart
$3,500 closing costs · $195/mo savings
18
months
You save $195/mo after month 18 — every month after that is pure savings.
Calculate your break-even
Adjust the sliders to match your mortgage. Results update instantly.
Typical refinance closing costs in Ontario: $3,000–$5,000
$197
Monthly savings
18 mo
Break-even
$8,260
5-yr savings
$20,060
10-yr savings
Dropping from 5.00% → 4.14% saves you $197/month. You'll recover closing costs in 18 months.
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