BAJANI MORTGAGE
Your Pathway to Homeownership.
Free Tool
Refinance & Home Equity Calculator for Ontario Homeowners
Estimate your available equity, refinance room and HELOC potential — then download a branded equity report showing every scenario.
Your Property
Leave at 0 if you don't have a home equity line of credit.
Estimated Property Value
$720,000
Estimated Equity
$332,000
Estimated Available Equity
$188,000
Estimated New Payment
$3,314/mo
Your Scenario
- Estimated property value
- $720,000
- Current mortgage balance
- $388,000
- Current loan-to-value
- 53.9%
- Interest rate used
- 4.89%
- Amortization
- 25 years
Your Home Equity Snapshot
Estimated Property Value
$720,000
Current Mortgage Balance
$388,000
Estimated Equity
$332,000
46.1%
Estimated Available Equity
$188,000
Refinance to 80% of value
Estimated HELOC Room
$188,000
Stand-alone HELOC to 65% of value
Estimates only. Access to equity depends on the property, appraised value, income, credit and lender guidelines, and is not guaranteed.
Illustrative Refinance Scenarios
| Scenario | New Mortgage | Equity Taken | Est. Payment |
|---|---|---|---|
| 50% of available equity | $482,000 | $94,000 | $2,773/mo |
| 75% of available equity | $529,000 | $141,000 | $3,044/mo |
| Maximum available | $576,000 | $188,000 | $3,314/mo |
Illustrative scenarios based on calculator assumptions.
Potential Uses of Home Equity
Homeowners commonly consider home equity for the purposes below. This list is educational and is not a recommendation to borrow for any particular purpose.
- Debt consolidation
- Home renovations
- Investment
- Major purchase
- Other financial goals
What This Means for You
Based on the information entered, your estimated equity position is $332,000 (about 46.1% of the estimated property value), with an estimated $188,000 potentially accessible through a conventional refinance to 80% of value.
Actual available equity depends on a lender-accepted property value, your income and credit profile, existing debts and the mortgage product selected.
Refinancing an existing mortgage before maturity may involve prepayment charges, discharge or legal costs and appraisal fees. A licensed mortgage professional can review those details with you.
Your Pathway to Homeownership Starts With Understanding Your Numbers
Your calculator results are estimates. Nandan Bajani can help you review your situation and understand your mortgage options.
Send to Nandan
Send your scenario directly to Nandan on WhatsApp.
Send My Scenario to NandanWhatsApp will open with a message prepared for you. You will review and send the message yourself.
Download Report
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Book a Review
Let's review your numbers and discuss your mortgage options.
Book a Mortgage ReviewPrefer to talk now? Call Nandan: 226-886-3675 or use the contact page.
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A branded Bajani Mortgage scenario report with your numbers, ratios, stress-test snapshot and next steps — downloaded instantly and emailed to you.
Related Resources
Want these numbers reviewed by a licensed mortgage broker?
Nandan Bajani works with London, St. Thomas, Ingersoll, Woodstock and Ontario-wide clients to turn calculator estimates into real lender options.