See what happens to your payment when your term ends, and compare renewal offers side by side with your remaining amortization kept intact.
Estimated $2,282: enter yours for precision
Every offer below keeps this amortization unless you change it. No silent reset to a new 25- or 30-year schedule.
Result confidence: deterministic. Exact math on the values entered, assuming each rate holds for the period shown.
Published Oct 29 · Source
This offer is fixed: this is the rate you'd lock for the whole term. The payment is set once you sign; which payment you commit to depends on where rates sit on your renewal date.
| Scenario | Rate | Payment | Monthly equiv. | Change / Mo | Annual Impact |
|---|---|---|---|---|---|
| −1.00% | 3.39% | $2,407 | $2,407 | +$125 | +$1,500 |
| −0.50% | 3.89% | $2,514 | $2,514 | +$232 | +$2,783 |
| Selected rate | 4.39% | $2,623 | $2,623 | +$341 | +$4,095 |
| +0.50% | 4.89% | $2,735 | $2,735 | +$453 | +$5,436 |
| +1.00% | 5.39% | $2,849 | $2,849 | +$567 | +$6,804 |
| +2.00% | 6.39% | $3,084 | $3,084 | +$802 | +$9,620 |
Payments assume Canadian mortgage rates compounded semi-annually, not in advance, per the Interest Act. The current payment is derived from your balance, rate, and remaining amortization when you don't enter one. Renewal offers preserve your remaining amortization unless you change it. Prepayment privileges, permitted lump-sum amounts and dates, fees, and switching costs vary by lender and are not modelled. Canadian mortgage calculation rules and assumptions as of August 1, 2026.
Disclaimer: Calculations are estimates only and do not constitute mortgage advice or a rate quote. Renewal offers, rates, and prepayment privileges vary by lender: always confirm the terms with the financial institution before making any decisions.