Landmark Mortgages
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Refinance cash flow calculator

See how much cash flow you free up each month by consolidating your debts into your mortgage.

$

Current mortgage

$
%
years

Debts to roll in

  • $
    %
    $
  • $
    %
    $
  • $
    %
    $

Monthly is what you pay now, not the minimum if you pay more.

The new mortgage

%
years
Refinance costs · $2,200, added to the mortgage
$

Zero if you're refinancing at renewal. Mid-term, your lender will quote the figure.

$
Pay the costs

Monthly savings by refinancing$15,826 a year

$1,319

Monthly payments

Current mortgage
$2,521.62
Credit card
$450.00
Car loan
$600.00
Line of credit
$250.00
Current payment
$3,821.62
New mortgage paymentAt 4.5% over 25 years
$2,502.80

The new mortgage

Mortgage balance
$400,000
Debts rolled inAt an average interest rate of 11.89%
$50,000
Closing costs
$2,200
New mortgage
$452,200

Of your home's value

56.5% of 80%

You can borrow up to $640,000, 80% of your home's value. You'd keep $347,800 of equity.

Over the next 5 years

Over the periodWithout refinancingWith refinancing
Total paid$214,819$150,168

Cash savings by refinancing

$64,651

After 5 years

Over the periodWithout refinancingWith refinancing
Interest and fees paid$95,364$97,184
Balance owing$330,545$397,015

Until every dollar is paid off

SetupDebt-free inTotal interest
Without refinancing20 years$218,711
With refinancing25 years$298,641
With refinancing, paying $3,82213 years, 1 month$144,620

For informational purposes only. This is not an approval or commitment to lend.