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Calculators

Should I refinance?

See your new payment and interest when you refinance or take equity out — and compare two scenarios side by side.

Adjust the inputs — results update automatically.

$

Your home's current market value.

$

Extra cash to take out (renovations, debt, etc.).

$

What you still owe on your current mortgage.

Years to pay off the refinanced mortgage.

%

Pick a product or type your own rate.

Accelerated options pay off faster.

Prepay to save interest and time.

Your refinanced payment

Monthly payment

$ 2,344.04

New Loan Amount$ 420,000
Total Cost of Loan$ 703,213
Total Interest Paid$ 283,213
Loan-to-Value56.0%

Results are estimates for illustration only — not a mortgage offer or financial advice. Contact Amarpreet Bhui for exact figures.

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