Look ahead to the next mortgage term.
Compare a renewal rate with the balance and amortization you expect to have left.
Make a plan
How much will my payment change at renewal?
A useful detail
This model keeps the selected rates constant. Default values are fictional assumptions, not offers or live rates. Read every warning and confirm location, timing, contract terms and any eligibility conditions against the official sources below. No lender decision or recommendation is made.
- Since 2024-11-21 OSFI doesn't prescribe the stress test for an uninsured straight switch (same amount and amortization). The new lender can still apply its own test.
Keep the method beside the result.
Worksheet: Mortgage renewal payment calculator. Rule set recorded 2024-11-21. Interest, fees, eligibility constraints and local rules vary. These references explain the model’s boundaries; they do not establish that an input matches your situation.
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