What does RatesWise.com do?

Rateswise.com provides the best mortgage rates based on its users' profiles and needs. Our clients benefit from some of the greatest mortgage brokerages in Canada as well as hassle-free rate comparisons. We search and offer deals from our 50+ lending partners that are the perfect fit for your needs.

Why should I let RatesWise do my shopping?

For centuries we’ve been conditioned to just ‘take the bank's word for it’, but with the growing wealth of information available to consumers these days, it just makes sense to compare the marketplace before you sign. The days of driving from bank to bank filling out applications and having to wait for days or worse, weeks, for approval, are long gone. RatesWise leverages relationships and technology to speed up the process, find you a few of the best options on the current market, and help you connect with the right people.

Mortgage Rates

Line of Credit Rates

Home Equity Loan Rates

Thinking About Refinancing Your Mortgage?

Use our mortgage refinance calculator Ontario to see if refinancing your mortgage could save you money. Whether you're trying to lower your monthly payment or take out some of your home equity, our advanced mortgage tool gives you the info you need to decide.

The best part? Our calculator does the hard math for you. Just plug in your numbers and get instant insight into your options with today’s market rates.

Current Property Value

It's OK to guess, we will provide a no-cost value

Total of all registered mortgages

Combine your first mortgage and any other registered lien

Additional cash back

We used 80% loan to value here, but you can reduce the amount if you need to.

Your estimated purchase price

Maximum loan to value

80% LTV

Additional cash back

$100,000

Estimated new interest rate

3.59%

Try Our Mortgage Calculator

Refinancing your mortgage can help you save money or access equity from your home. But before you make a move,
it’s smart to run the numbers. That’s where our mortgage refinance calculator Ontario comes in.

How to Use This Calculator

To start, collect all the details of your current mortgage:

Total of all registered mortgages
Additional cash back
Get the estimated value

The calculator will instantly show your new monthly payment and how much you could save overall.

One of the most important numbers it shows is your break-even point, when your savings from refinancing cover the costs. If that point comes before you plan to move or sell, refinancing may be a smart choice. This timeline varies based on your loan amount and current rates.

Beyond basic refinancing, this refinance mortgage calculator Ontario also helps you see if switching to an advanced mortgage product (like shorter terms or flexible payments) could work better for you. Sometimes, paying slightly more for premium features gives you better financial control and significant savings, especially if your situation might change. Use this tool to make smart decisions. Then, if you're unsure, talk to a mortgage expert who can guide you further, free of charge.

Use this refinance mortgage calculator Ontario to run your numbers and compare scenarios side-by-side. Once you've identified potential savings and confirmed your break-even timeline works with your plans, connect with a mortgage professional.