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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 →