Mortgage Manager Calculator

Use this calculator for decisions to early renew, blend, or wrap a 2nd mortgage.

Current Mortgage Financing
Select Canadian or U.S. Mortgage. Years Months
Existing Balance : Term Remaining : &
Existing Rate : Amortization : &
Refinancing Changes
Mortgage Increase : NEW Term : &
NEW Rate :  

EXTEND your Mortgage Term

Your $100,000 mortgage at 10.00 % interest for a remaining term of 36 months is extended by 24 months at 3.70 % interest for a new term of 60 months at an average rate of 7.48 %.

Learn MORE about Renewals, Blends, and Extends in the Learning Centre


EXISTING   Extend Term   N E W Mortgage
Balance $100,000   $0   $100,000  
Term 36 months   24 months   60 months  
Interest Rate 10.00 % 3.70 % 7.48 %



Monthly Payment $894   $0   $730  



COMPARE RATES
TERM OURS BANKS
6.mo
1yr.
3yr.
5yr.
0000%
0000%
0000%
0000%
4.00%
3.10%
3.70%
5.24%

Quick Calculator

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Figures are rounded to nearest dollar.
The above information is for illustrative purposes only. We cannot guarantee its accuracy. Please contact your financial advisor for more specific information.
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