Mortgage Renewal Calculator
Save Big at Mortgage Renewal
The Mortgage Renewal Calculator empowers you with the information you need to determine if you should accept your lender’s renewal offer, or if you should go with a new lender.
Compare your present lender’s renewal offer with other lender’s offers. Manipulate different mortgage attributes to reveal that even small improvements can save you tens of thousands of dollars or substantially lower your monthly payments.
Just 10 bps (such as going from 4.5% to 4.4%) difference in mortgage rate on a typical mortgage more than justifies doing the work to go with a new lender. See for yourself!
Mortgage Renewal Comparison – Separate Terms & Amortizations
Adjust each offer independently. Enter rates as plain numbers (e.g., 5.25), capped below 10%. Results update instantly.
Lender Renewal Offer Current Lender
Inputs
Calculated Payments & Interest
| Monthly Payment | $0 |
| Interest per Payment (Month 1) | $0 |
| Total Over Term | $0 |
| Interest Over Term | $0 |
| Total Over Full Amortization | $0 |
| Interest Over Full Amortization | $0 |
Better Lender Offer Your Offer
Inputs
Calculated Payments & Interest
| Monthly Payment | $0 |
| Interest per Payment (Month 1) | $0 |
| Total Over Term | $0 |
| Interest Over Term | $0 |
| Total Over Full Amortization | $0 |
| Interest Over Full Amortization | $0 |
Savings Comparison Lender – Better
| Monthly Savings | $0 |
| Savings Over Total Term | $0 |
| Interest Savings Over Term | $0 |
| Savings Over Full Amortization | $0 |
| Interest Savings Over Full Amortization | $0 |
Figures are illustrative and exclude penalties, discharge/legal fees, or lender incentives. For apples-to-apples, keep mortgage amounts similar.
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