Blend and Extend Mortgage Calculator
A blended mortgage is a way to refinance your mortgage to access equity without having to pay the prepayment charge. With a blend and extend mortgage, you combine the rate from your existing mortgage with the rate from a new one. This blends the two rates together to get a rate that falls somewhere in middle. Then the mortgage term is extended over a longer period.
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results.