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: 4.29% (5-year fixed) — refreshed weekly.
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 fixed), refreshed weekly
%
5 years
25 years
Monthly payment — bank's offer
$2,859.56
Monthly payment — market rate
$2,628.01
You save $231.55/month
Your potential savings over 5 years
$13,893
$2,779 per year at today's market rate
Fairness Score
43/ 100D
Poor — your bank is charging you a significant premium.
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
4.29%
5.14%
5 yr
25 yr
Balance over the term
Interest vs Principal paid (cumulative)
Interest at your rate
$97,000
Interest at bank's offer
$116,774
Total 5-yr savings
$13,893
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