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Calculator · 04 of 05

Renewal vs. switch comparison

Don't sign your bank's renewal letter without checking what's out there. This tool compares your current bank's offer against a new lender — and if you're mid-term, it factors in the penalty so you can see whether breaking pays off.

Switching saves you
$
over the next 5 years

Stay

—%
Monthly payment
Interest in horizon
Balance at end of horizon
Upfront cost$0
Total interest cost

Switch

—%
Monthly payment
Interest in horizon
Balance at end of horizon
Upfront cost
Total cost (interest + upfront)
Monthly payment difference
vs. staying
Break-even (months)
to recover upfront cost from monthly savings
Equity advantage
extra principal paid by switching

What this means

Numbers look good? Let's run the real file.

If switching makes sense, I'll handle the legwork — comparing lenders, applying, and coordinating with your lawyer.

Start your application →