Ready to review your plan? Book a discovery call.

(416) 726-8420 WhatsApp Book

Fanny Samaniego

Human-centered financial coaching and mortgages in Toronto. Clear numbers, calm decisions.

ES
  • Explore
  • Services
  • Resources
  • Tools
  • About
  • Testimonials
  • Contact
  • Privacy
  • Key services
  • Signature Packages
  • Wealth Foundations
  • Mortgage & Property
  • Business & Professionals
  • Workshops
  • Legacy & Tax
  • Holistic Conversations
  • 1:1 Advice
  • Newcomers
  • See all services →

Newsletter

Practical, simple ideas—no spam.

Licensed Mortgage Agent (Level 2). Coaching and advice-only services do not replace legal, tax, or accounting advice. Human Design is optional and used only to personalize communication and pacing.

© 2025 Fanny Samaniego • All rights reserved.
Back to Tools

Refinance & Blend-and-Extend Estimator

Compare staying vs. refinancing vs. blend-and-extend. See payments, interest over a shared horizon, and an approximate break-even.

Current Mortgage

Prepayment Penalty

Rule of thumb: fixed-rate penalties are often the greater of IRD vs. 3-month interest; variable-rate typically 3-month interest.

Refinance — New Mortgage

Blend & Extend (Optional)

Blended rate here uses a simple time-weighted average of your current rate over the remaining term and the offered rate over the new term. Actual lender formulas vary. Amortization is kept the same unless you choose to reset it.

Analysis Horizon

For fairness, each scenario uses the shortest of its term and this horizon.

Stay (No Change)

Monthly payment$3,219.24
Interest over horizon$49,581
Horizon used24 months

Refinance — New Mortgage

Monthly payment$2,873.07
Interest over horizon$44,318
Horizon used24 months
Upfront cash (if not capitalised)—
Interest saved vs Stay (common horizon)$5,263
Break-even (approx.)0 mo

Blend & Extend

Blended rate4.247%
Monthly payment$3,034.41
Interest over horizon$42,973
Horizon used24 months
Upfront cash (if not capitalised)—
Interest saved vs Stay (common horizon)$6,608
Break-even (approx.)0 mo
Assumptions & Notes
  • Payments are fully-amortizing and computed monthly using your inputs.
  • “Stay” uses the remaining amortization and term; refinance and blend use their own amortization/term.
  • Penalty estimates are simplified (3-month interest or simple IRD). Lender methods vary; your agreement governs.
  • Blended rate uses a simple time-weighted average of current vs offered rate. Actual lender formulas can differ.
  • Break-even is approximate, based on cumulative interest saved vs. any upfront cash paid.
  • Educational tool only; not financial advice.
Refinance & Blend — Summary
Prepared September 30, 2025