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Refinance Break-Even Calculator
Estimate a simplified IRD prepayment penalty, monthly savings from a lower rate and the break-even point in months. Penalty estimate only, not a lender quote.
About Refinance Break-Even Calculator
Estimate a simplified IRD prepayment penalty, monthly savings from a lower rate and the break-even point in months. Penalty estimate only, not a lender quote. The result appears instantly with the 2026 defaults filled in — edit anything you want.
FAQs
What does this calculator do?
Estimate a simplified IRD prepayment penalty, monthly savings from a lower rate and the break-even point in months. Penalty estimate only, not a lender quote.
How do I use it?
The result appears instantly with the 2026 defaults filled in — edit any field and it updates instantly, with no signup.
Is the result official?
No. This is a calculator estimate based on the 2026 rules shown on this page, not an official CRA / Service Canada determination. Check official rules for your case.
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