Calculators For owners
For owners
For owners
How much can you refinance?
Refinancing lets you turn some of your home's equity into cash, often without selling. In Canada you can usually borrow up to 80% of your home's value. See how much you could access, what the new payment might look like, and what to watch for.
Your home
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Your best estimate, or recent comparable sales. I can prepare a proper opinion of value for you.
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A HELOC or second mortgage already secured against the home. These reduce what you can access.
to estimate the new payment
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Cash you could access
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by refinancing up to 80% of your home's value
Home value$0
Refinance limit (80% of value)$0
Current mortgage$0
Other secured loans$0
Cash you could access$0
Before you refinance, watch for a few things: if you break your current term early there may be a break penalty, plus legal and appraisal fees of a few hundred dollars. Your access also depends on income and credit. This is an estimate, not an approval. I am happy to walk you through it.
Jay Patel
REALTOR® · GTA
Refinancing can be a smart alternative to selling. Message me and I'll give you an honest opinion of value and connect you with a trusted mortgage professional.
A quick, honest note. This is an educational estimate, not a mortgage approval, quote, or legal, financial, or tax advice. In Canada you can generally refinance up to 80% of your home's value, but how much you actually qualify for also depends on your income, credit, and the lender's rules. The new payment shown assumes you borrow the full available amount at the rate and amortization you entered, using Canadian semi annual compounding. Refinancing can involve a break penalty, legal fees, and an appraisal. Your lender confirms the exact figures. I am a REALTOR®, not a mortgage agent or lawyer, and I am happy to connect you with the right professional.