Refinance comparison
Check whether interest savings could recover the cost of switching your mortgage.
Example scenario · Replace the sample figures with your own. Inputs clear when you leave this page.
Keeping your loan vs. switching
| Measure | Keep current rate | Alternative rate |
|---|
Confirm the cost of changing course
Use a written payout quote from your lender. Payment relief alone does not establish savings. This comparison includes the difference in the remaining balances.
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Amir Fetanat · 778-881-0262 · mortgagebyamir@gmail.com
How these estimates work
Both options use the same balance and remaining amortization, with monthly payments and constant rates. Costs are paid separately, not added to the new loan. Extra borrowing, cashback, taxes, investment returns, different prepayment rights and rate changes are excluded. Cost recovery is the first month when the cumulative interest difference equals or exceeds the entered costs. A positive result is not a recommendation or an available lender offer.
No automatic valuations, background rate monitoring, saved client accounts or monthly email reports are active on this website.
Equity reference: FCAC: borrowing against home equity. Reviewed September 19, 2026.