Mortgage renewal estimate

See the payment change

Fallback rate snapshot as of 2026-07-16. Edit to today's quote.

Calculation assumptions

Variable rates assume monthly compounding; confirm your contract. Accelerated bi-weekly is the monthly payment divided by two.

Today$2,020.09Monthly
Renewal estimate$2,477.40Monthly+$457.31/mo

+22.64%. That's +$5,487.72 per year at the plain renewal estimate.

A 1.99% five-year fixed. Enjoy it to the last day.

Educational estimate, not financial or mortgage advice. Confirm figures with your lender or a licensed mortgage professional.

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Test a different rate, a longer amortization, or a prepayment.

Try a different rate

Move around your entered 4.29% rate.

Extend amortization

Add five years, capped at 30 years.

Prepay before renewal

Used only to check the 20% privilege flag.

Calculations by RenewalReady — methodology at renewalready.ca/methodology · partner: demo

Educational estimate, not financial or mortgage advice. Confirm figures with your lender or a licensed mortgage professional.