Canadian mortgage renewal planning

Know your next mortgage payment before renewal.

Estimate how a new rate, lump-sum payment, or longer amortization could affect your Canadian mortgage.

Calculate My Renewal Explore All Calculators

No account required. Educational estimates, not a lender quote.

Quick renewal estimate

Start with four details.

Use your lender statement for the balance and remaining amortization. No current payment is required.

Remaining balance

Current interest rate

Expected renewal rate

Remaining amortization

Your estimate will appear here.

Enter the remaining balance, both rates, and remaining amortization. All fields begin at zero so no sample figures can be mistaken for yours.

Compare My Renewal Options

Built for Canada

Canadian semi-annual mortgage calculations

Private by default

No account; entries are processed in your browser

Transparent estimates

Assumptions, methodology, and sources included

Independent education

Not a lender or mortgage approval service

How renewal changes the math

Understand the change before choosing the response.

Start with today’s balance

Renewal calculations use the outstanding balance—not the amount originally borrowed.

Compare the new rate

See the payment change using the same remaining amortization before testing alternatives.

Judge payment and cost together

A lower payment can still leave more interest and a larger balance at the next renewal.

Popular calculators

Start with the question you need answered.

View all calculators

What could my payment be at renewal?

Estimate your payment after renewal and compare a longer amortization, a lump sum, and your current remaining schedule.

Mortgage renewal 02

What will my mortgage payment be?

Calculate a Canadian mortgage payment, term interest, principal repaid, and an optional monthly ownership budget.

Mortgage payment 03

How much mortgage might I qualify for?

Estimate a maximum mortgage and purchase price using visible GDS, TDS, and stress-test assumptions.

Affordability 04

How much could a lump sum save me?

Compare dated lump sums, recurring increases and accelerated payments across the current term and a long-term projection.

Mortgage prepayment 05

What could it cost to break my mortgage?

Compare an approximate three-month-interest charge with an interest rate differential.

Mortgage penalty 06

How much cash might I need at closing?

Estimate transfer tax, legal costs, title insurance, inspection, appraisal, adjustments, moving, and mortgage insurance.

Closing costs

Example renewal scenarios

Open a realistic example, then replace it with your figures.

Example figures are transferred in a URL fragment and are not sent to the server as a query.

Keep the schedule

CA$400,000 balance, 20 years remaining

Compare 2.79% today with an estimated 4.99% renewal rate.

Try this scenario

Apply a lump sum

CA$600,000 balance with CA$25,000 prepaid

See the payment and five-year cost after a lump sum at renewal.

Try this scenario

Extend amortization

Compare 20 years remaining with 25 years

See how a lower payment can change term interest and the ending balance.

Try this scenario

Renewal timeline

Prepare before the offer arrives.

Exact timing depends on your mortgage contract and lender.

6 monthsCollect your statement and test a range of rates.Step 1
4 monthsCompare renewal, switching, and prepayment options.Step 2
2 monthsReview written offers, fees, and qualification details.Step 3
MaturityConfirm the contract, payment, and effective date.Step 4

Renewal guides

Read the decision, not a sales pitch.

Browse all guides

Updated Jul 26, 2026

What happens when your mortgage renews in Canada?

A practical timeline for reviewing your balance, comparing offers, and choosing the next term.

Read guide

Updated Jul 26, 2026

How to prepare for a higher mortgage-renewal rate

Translate a possible rate increase into a monthly budget and compare measured responses.

Read guide

Updated Jul 26, 2026

Fixed versus variable mortgages at renewal

Compare rate paths, payment behaviour, penalties, and budget tolerance at renewal.

Read guide

Updated Jul 26, 2026

Should you extend your amortization at renewal?

Understand the payment relief, added interest, qualification, and equity tradeoffs.

Read guide

Open methodology

How RateReset Canada calculates estimates

Canadian nominal rates compounded semi-annually
Six supported payment frequencies
Versioned tax and regulatory assumptions
Official source links beside the methodology
Educational estimates only
Internal precision retained until display

RateReset Canada Editorial Team

Methodology version mortgage-methodology-2.0 · Last reviewed July 26, 2026. Independent professional review is identified only when completed.

Methodology Official sources Editorial policy Corrections policy

Clear answers

Questions before you calculate

Are RateReset calculators free?

Yes. Every calculator works without an account or contact-information gate.

Are the results financial advice or a lender quote?

No. Results are educational estimates based on your entries. They are not advice, approval, qualification, or a binding lender rate.

Does RateReset store my mortgage figures?

Calculator entries are processed in your browser and are not intentionally stored on our servers. Do not share a result link unless you are comfortable sharing the figures contained in it.

How are Canadian mortgage rates calculated?

The mortgage tools convert nominal annual rates compounded semi-annually into the rate for the selected payment frequency.

Calculator entries are processed in your browser and are not intentionally stored on our servers. Do not share a result link unless you are comfortable sharing the figures contained in it.