Renewal & Refinance Tool
Port vs Break
Moving or upsizing? Compare the cost of porting your existing mortgage (keeping your rate) vs breaking it for a new one.
Current Mortgage
$
2.89%
0.50%10.00%
22 years
1 years30 years
18 months
1 months60 months
New Mortgage (If Breaking)
5.19%
0.50%10.00%
25 years
5 years30 years
$
Port-Specific Costs
$
4.25%
0.50%10.00%
Porting is likely better
Porting costs $28,589 less over 5 years
Option A: Port
$3,567/mo
Current rate + new money
5-yr cost: $214,549
Option B: Break
$3,851/mo
New rate entirely
5-yr cost: $243,138
Penalty to Break
3 Months' Interest$2,529
Interest Rate Differential (est.)$12,075
Estimated Penalty$12,075
Your lender charges the greater of 3 months' interest or the IRD. Actual penalty may vary by lender.
Monthly Difference$284/mo
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