When your mortgage term comes to an end, it’s essential to understand your options for renewal. Our Renewal Calculator helps you estimate your new mortgage payments and plan for the next phase of your home financing.

This tool allows you to calculate:

• Remaining Balance: The amount left on your mortgage after your previous payments.
• Interest Rate: The current rate you’ll be offered at renewal time.
• Mortgage Term: The length of time you will be paying off the mortgage in the new renewal period.
• New Payment Amount: The total payment you’ll make monthly or bi-weekly under the new terms.

Using our Renewal Calculator allows you to see the potential impact of renewing your mortgage. You’ll be able to explore different scenarios, such as adjusting the mortgage term or making extra payments to pay off your loan faster.

Whether you’re looking to lock in a fixed rate or adjust your mortgage terms, this calculator is an essential tool to help you make informed decisions during your renewal process.

Plan ahead and ensure your mortgage renewal fits within your financial goals.