Renewal comparison
Compare payment shock across your current payment, lender retention offers, and market options.
Save + compare
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Create a free account to save scenarios, compare options, and share results inside a secure dashboard with your broker team.
- Save unlimited scenarios and track changes over time
- Compare rate options side by side with broker feedback
- Export reports for underwriting or renewal planning
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Interactive calculator
Renewal comparison
Quantify payment changes and term costs between your lender's offer and market alternatives.
How this calculator works
Compare a renewal offer with alternative rates and terms.
Use it to see if switching lenders saves money.
Inputs you will need
- Current balance and rate
- Renewal offer rate and term
- Alternative rate and fees
Assumptions and limitations
- Assumes constant rate for each term.
- Does not include prepayment penalties unless added.
- Results show estimated savings, not guarantees.
Example scenarios
Auto-renew vs new offer
See potential savings by switching lenders.
Shorter term option
Compare 3-year vs 5-year renewal costs.
Related tools
Turn this savings math into a refinancing decision
Use the break-even, penalty, or renewal output alongside the refinance and renewal playbooks so you compare timing, costs, and fallback options before you switch.
Guides
Read the Canada-specific playbook before you commit to the next step.
Execution
Use the broker workflow, rates pages, or secure dashboard to move from estimate to action.
Save and compare scenarios
Create a free account to save scenarios, compare options side by side, and share results with your broker team.
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Frequently asked questions
Do I need to re-qualify to switch lenders?
Yes, typically. We help you prepare the required documents.
Are there fees to switch?
There can be legal and discharge fees. Add them to the calculator.
Can I negotiate my renewal rate?
Often yes, especially with competing offers.