CIBC Mortgage Refinance Calculator

Use this CIBC mortgage refinance calculator to estimate your monthly savings from refinancing with CIBC.

The best mortgage rates are on approvU. Get qualified and apply for mortgages directly with trusted banks and lenders on approvU in 6 minutes or less—no baiting; no Spamming.

12K+

Mortgage Deals

25+

Lenders & Brands

$$

Huge Savings

CIBC Refinance Calculators

How To Get The Best Mortgage Rates On approvU

approvU allows you to instantly shop the market for the lowest mortgage rates in 3-easy steps

Your Mortgage Needs

Provide approvU with a few details about your mortgage needs, including your financial and credit situations.

Qualified Mortgages Shortlisted

approvU searches through over 12,000 mortgages and matches you with those you are most likely to get approved.

Get It Funded Online

Make your mortgage selections; complete and submit your application directly to lenders for final approval.

Other Top Lenders Are On approvU

Shop Across 25+ Lenders For Your Best Mortgage Deals

See Your Personalized Mortgages Online With approvU

Unlocking Your Home’s Value: A Guide to CIBC's Mortgage Refinance Calculator

Refinancing your mortgage can be a strategic move to either secure a lower interest rate or access the equity built up in your home for other financial needs.
But how do you know how much you can refinance or what your new payments will be? Enter the CIBC Mortgage Refinance Calculator—a tool designed to help homeowners make informed decisions about their refinancing options.

The approvU’s CIBC Mortgage Refinance Calculator provides a simple and intuitive interface for homeowners looking to explore their refinancing options.
The calculator requires some basic information, such as your current mortgage balance, its interest rate, and the remaining term.
Additionally, you’ll input the new mortgage rate you’re considering and any costs associated with the refinance. With this data, the calculator can project your new monthly payments, the total interest you would pay, and even your savings over time.

The real power of the calculator comes in its ability to provide a clear picture of your financial future. By incorporating variables like your new interest rate and term, the tool allows you to see the long-term impact of refinancing. This can be invaluable for those considering using their home’s equity for things like debt consolidation, home improvements, or large purchases. 

Whether you are a first-timer or a seasoned homeowner, CIBC’s Mortgage Refinance Calculator is an essential tool for navigating the often complex landscape of mortgage refinancing.

About CIBC

CIBC, a prominent Canadian bank since 1867, serves 11M+ clients via retail, business, wealth, and capital services. Based in Toronto, it offers diverse financial products, including accounts, loans, mortgages, investments, and insurance. With a vast domestic network and global presence in the US, Caribbean, Asia, and Europe, CIBC prioritizes innovation and digital convenience. Committed to social responsibility, it invests in education, health, and financial literacy, promoting diversity and inclusion in its workforce.

CIBC Favicon

Related Contents

Other Mortgage Affordability Calculators
Mortgage Calculator By Lenders
Mortgage Calculators By Locations
Land Transfer Tax Calculators By Location
Best Mortgage Rates In Canada

Get A Mortgage With approvU

  • approvU is everything you need to make the right mortgage decisions like a Pro!
  • Born in Canada for Canadians
  • Largest mortgage marketplace with over 12,000 mortgage deals from 25+ lenders
  • No baiting; not a lead generator; your information is never sold
  • Skip the appointments and apply online anytime; it takes less than 6 minutes.
  • Multiple approvals from a single submission
  • Control and track every step of your application as it moves through to funding.