Is your mortgage coming up for renewal? Don’t just sign the renewal letter — find out how much you could save by switching lenders or negotiating your rate.
Our Mortgage Renewal Calculator helps you instantly compare your current mortgage terms against today’s best rates so you can decide whether to renew or refinance for maximum savings.
Whether you’re a first-time homebuyer, refinancing, or renewing your mortgage, understanding current trends and available options helps you make informed financial decisions.
This guide focuses on helping you navigate the Canadian mortgage market, offering insights into current rates, strategies for securing the best deal, and regional trends.
Mortgage brokers play a pivotal role in helping Canadians find tailored financing options, providing expert advice, and navigating the often complex mortgage market.
For more detailed information on mortgage types, costs, and rights, consult the Government of Canada – Financial Consumer Agency of Canada (FCAC).
The Citadel Mortgages Renewal Calculator shows you how your current mortgage compares to available market rates and calculates your potential savings over the remaining term.
It helps you:
🔍 Compare your existing rate vs. today’s lowest rates
💰 Estimate your new payment if you renew or switch lenders
📈 See how much interest you’ll save by making a smarter renewal choice
🧾 Plan ahead for your next term before renewal notices arrive
Learn more about today’s best mortgage rates in Canada.
Enter your remaining mortgage balance.
Add your current interest rate and months left in your term.
Select a new interest rate to compare.
Instantly see your monthly savings, total interest savings, and new payment estimate.
💡 Tip: Even a 0.25% rate reduction could save you thousands over your renewal term!
This calculator follows the latest Canadian mortgage renewal standards and works for all provinces:
🏙️ Toronto, ON | 🌲 Vancouver, BC | 🏔️ Calgary, AB | 🌅 Halifax, NS
It includes options for fixed, variable, and blended renewals, giving you a clear picture of what’s best for your financial future.
✅ Compare renewal vs refinance instantly
💡 Avoid overpaying at renewal
📈 See the true cost of staying with your current lender
💬 Get renewal advice from award-winning brokers
🏦 Access the lowest mortgage rates in Canada
Current Mortgage: $400,000
Remaining Term: 5 years
Current Rate: 5.29%
New Rate: 4.79%
Old Monthly Payment: $2,392
New Monthly Payment: $2,283
Monthly Savings: $109
Total Savings Over Term: $6,540 💰
💡 That’s money you could put toward home improvements, debt repayment, or savings — just by reviewing your renewal options.
Start 90–120 days before your renewal date — lenders often offer rate holds for this period.
Yes, if your term is complete. Otherwise, early renewal or refinancing may include small discharge or setup fees.
No — a soft credit check is done for rate quotes, and Citadel Mortgages handles everything seamlessly.
Renewing keeps your balance and amortization but changes the rate; refinancing can change the term, amount, and access equity.
We compare your lender’s renewal offer with 50+ lenders across Canada to secure the best rate and product for your goals.
Simplify your financial planning with our full calculator suite:
At Citadel Mortgages, we help Canadians renew smarter and save thousands.
Here’s what makes us Canada’s trusted choice:
🌟 Access to Top Lenders Nationwide
💼 Customized Mortgage Solutions for Every Buyer
📈 Award-Winning Rates & Expert Guidance
🤝 Dedicated Support from Pre-Approval to Closing
Use our Mortgage Renewal Calculator today to compare your current mortgage against today’s best rates — and discover how much you can save before renewing.
👉 Check My Mortgage Rate Options
👉 Apply Now for Your Best Rates