Your term is ending — don't just sign the renewal letter. Compare your current rate against new offers and see exactly what you'd save.
Assumptions effective 2026-01-01. Regulatory figures (stress-test rules, down-payment brackets, CMHC tiers, rebates) are managed in Admin → Calculators.
Answers to common questions about the mortgage renewal calculator
Most lenders let you lock a renewal rate 120 days before your term ends. Start comparing early — you can usually take a better rate if one appears before renewal day.
Switching can get you a better rate, but factor in discharge/registration fees and whether you need to re-qualify. The interest-savings figure here helps you weigh it.
Calculations use current Canadian mortgage rules, including the mortgage stress test and CMHC insurance tiers. For informational purposes only — not financial advice. Confirm details with your mortgage professional before making decisions.