Penalty & Refinance Optimizer
Compare breaking now vs. staying put vs. blend-and-extend. We estimate penalties (IRD or 3-month interest) and show break-even and total savings. (Estimates only — confirm penalty with your lender.)
Your Mortgage
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Fixed rates in Canada compound semi-annually; we account for that.
Approx. lender’s comparable term rate. Big-6 often use posted-rate math: IRD can be higher.
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Blend-and-Extend (optional)
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Simple weighted-rate model: blended ≈ time-weighted average of current and target rates. Actual lender math varies.