Renewing or refinancing
Refinancing
The equity you can pull out of the house, and what the new loan costs you.
What the property would fetch on today's market, not the municipal assessment roll. The lender will have this value established by a certified appraiser.
Rates posted by Multi-Prêts Hypothèques — collected on September 9, 2026. Some conditions apply. Subject to change without prior notice. Rates may vary according to the amount borrowed, your credit rating, guarantees offered and other factor. Please refer to your Multi-Prêts broker for more information.
Leave blank if you refinance at maturity. Otherwise the “Break penalty” calculator gives you the amount.
Fill in the fields to see the result.
Pick a rate from today's grid, or enter the one your lender offered you.
These results are provided for illustration only. They apply the Canadian mortgage rules and the Quebec schedule in force, but they are not an offer of financing nor investment advice: the actual rate, amortization and terms depend on your file and on the lender chosen, and are subject to change. For a firm answer, talk to a broker.
Does that number work for you? A broker will confirm it with a real lender. In most files our compensation comes from the lender — if it were ever otherwise, your broker tells you before anything moves.
Schedule 2026 — Bureau du surintendant des institutions financières (checked on 2026-08-25).
What the number does not tell you
A conventional refinance is capped at 80% of the property value. Above that, no insurance covers the equity withdrawal — this is not lender policy, it is the rule. The value used comes from an appraisal, not your estimate or the neighbourhood's: budget the appraisal fee, it is yours to pay.
Refinancing before maturity triggers a break penalty, sometimes heavy enough to cancel the point of the exercise. Always compare against a home equity line of credit: it reaches the same equity without breaking the mortgage, but at a variable rate and with no required amortization. The right choice depends on what the money is for — renovations are financed differently from a consolidation.