Refinancing a Mortgage

See the cost and savings of refinancing at a lower interest, net of closing costs... 

Refinancing a Mortgage
$ %
Yes No

Reset

Results
New monthly payment (after refinancing) ---
Change in Monthly Payment ---
Time to offset closing costs by interest savings ---
Total interest to be paid under existing mortgage ---
Total interest to be paid under refinanced mortgage ---
Interest Savings ---
Refinancing Savings (net of closing costs) ---

If you refinance your current 4.00% mortgage and your current 45.00% mortgage into a single 45.00% mortgage, your monthly payment will decrease by $87.56 and you will pay an additional $1,249.43 in interest charges over the life of the mortgage.

Facebook
Social Media

Recently Tweeted
  • @audicenasser

    For subscribers: Banks spot evidence of a housing bubble. What took so long? https://t.co/hDcVOahhe9

    3 hrs ago
  • @audicenasser

    The market is increasingly in the hands of investors and speculators who are buying up as many as three in 10 homes…https://t.co/FCQ6OghZdn

    1 days ago
  • @audicenasser

    If you sold your home in 2016, you need to let the taxman know as failing to do so could cost you up to $8,000 in pe…https://t.co/eRMm4CkIyj

    2 days ago
  • @audicenasser

    The Vancouver foreign buyers' tax and the proposal by the Ontario government to increase capital gains taxes on sale…https://t.co/J8nbFbKPYy

    2 days ago
  • @audicenasser

    “A year ago, something changed in a very big way,” Porter explains. That something was an influx of foreign investme…https://t.co/zb2xkKeVyp

    3 days ago
  • @audicenasser

    "WISH CONDOMINIUMS NOW SELLING" https://t.co/zXgXGmoNlB by @audicenasser on @LinkedIn

    4 days ago
  • @audicenasser

    Wish Condos in Scarborough Now Selling. You can download prices, floor plans, features and finishes brochure directl…https://t.co/ZfQwfiE3QO

    4 days ago
  • @audicenasser

    Speculators are buying up residential real estate all around the Greater Toronto Area and possibly pushing house pri…https://t.co/wHSm4X4dlT

    4 days ago
  • @audicenasser

    Charles Sousa is urging the federal government to help cool home prices in Toronto’s overheated real estate market.…https://t.co/1mofnHleuk

    5 days ago
  • @audicenasser

    Toronto's rent is affordable compared to other global financial hubs, study finds. https://t.co/dmpLOBDCx0

    7 days ago
Contact Info
Agent
Audice Nasser

MBA, Broker

World Class Realty Point Brokerage

240 Duncan Mill Road, Suite 403
North York  Ontario M3B 3S6

416-890-9882 audice@mytorontohomesale.com