Canadian Mortgage Portability & Blended Rate Calculator
Calculate your blended mortgage rate and new monthly payment when porting your current Canadian mortgage to a new property and borrowing additional funds.
Current Mortgage (Ported)
New Additional Funds
* In Canada, when you port a mortgage and need more money, lenders typically"blend and extend" your rate. The new blended rate is a weighted average of your current rate and the new market rate.
Blended Mortgage Results
Total New Mortgage Amount
$500,000
Blended Interest Rate
4.30%
Weighted average rate
New Monthly Payment
$2,714
Based on semi-annual compounding
Penalty vs. Blend Analysis
Break Penalty (Est. 3 Months Int.)
$2,625
By porting and blending your mortgage, you typically avoid paying the early break penalty, while preserving your current lower rate for the remaining term.
