$YourMortgageRenewalCalculator.com
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: 3.35% (5-year variable (Prime - 1.10%) Ratehub.ca Exclusive) — refreshed weekly.

Skip the math — have Jay review your offer

Drop your email and Jay will personally check your renewal offer against today's best rates.

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 (Prime - 1.10%) Ratehub.ca Exclusive), refreshed weekly
%
5 years
25 years
Monthly payment — bank's offer
$2,859.56
Monthly payment — market rate
$2,383.22
You save $476.34/month
Your potential savings over 5 years
$28,580
$5,716 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
3.35%
5.14%
5 yr
25 yr
Balance over the term
Interest vs Principal paid (cumulative)
Interest at your rate
$75,295
Interest at bank's offer
$116,774
Total 5-yr savings
$28,580
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.

Specialized calculators

Jump to the calculator for your situation

Same math, prefilled for your bank, balance, or term.