Interactive tool
The Canadian Mortgage Renewal Calculator
Enter your renewal details below. Everything updates instantly. All math uses proper Canadian semi-annual compounding. Today's lowest advertised market rate: 3.25% (5-year variable insured) — refreshed weekly.
Skip the math — have Jay review your offer
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Live · Interactive Calculator
Slide, type, or tap any value below — your monthly payment and 5-year savings update instantly.
What you'll owe on renewal day
$
From your renewal letter
%
Live: lowest advertised (5-year variable insured), refreshed weekly
%
5 years
25 years
Monthly payment — bank's offer
$2,859.56
Monthly payment — market rate
$2,357.90
You save $501.66/month
Your potential savings over 5 years
$30,099
$6,020 per year at today's market rate
Fairness Score
0/ 100F
Very poor — this offer is well above what's available in the market today.
Compounded semi-annually
Calculated using Canadian mortgage math (OSFI / IRD compliant).Amortization & interest breakdown
See exactly how much interest and principal you'll pay each year of your new term.
$485,000
3.25%
5.14%
5 yr
25 yr
Balance over the term
Interest vs Principal paid (cumulative)
Interest at your rate
$72,998
Interest at bank's offer
$116,774
Total 5-yr savings
$30,099
Not sure what to do with these numbers?
Jay Klair will personally walk you through your amortization, negotiate with your bank, and shop the full A-lender panel — free.
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Same math, prefilled for your bank, balance, or term.