Mortgage Renewal Comparison Calculator

See how much your lender's renewal offer actually costs versus a sharper market rate over your next term.

Mortgage balance at renewal

Remaining amortization

yrs

Your lender's renewal offer

Competing market rate

A broker can shop 30+ lenders before you sign your renewal.

New term length

yrs

Estimated savings over a 5-year term

$11,970

Difference vs accepting your lender's renewal letter as-is.

Lender renewal payment

$3,229/mo

Market-rate payment

$3,030/mo

Monthly payment difference

$200/mo

Calculator results are estimates only and are not a mortgage approval, pre-approval, or lending commitment. A licensed mortgage professional must review your full situation before any lending decision.