What will my payment be when my mortgage renews?
Enter the balance you still owe, the rate your lender offers at renewal, and the years left on the amortization. Your lender sets the actual rate.
Your estimate
NEW MONTHLY PAYMENT
How this is estimated
What the calculator assumes.
Payment only. The estimate uses the balance and remaining amortization you enter. Mortgage insurance, if any, is not added.
Semi-annual compounding. Interest compounds twice a year, as it does on Canadian fixed-rate mortgages. Variable-rate mortgages may compound monthly, which gives a slightly higher payment.
Before you sign. Read the mortgage renewal guide on the renewal statement, negotiating and switching lenders.
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