Alberta Mortgage Calculator

Step 1 · Compare your renewal

Mortgage Renewal Calculator

See how your renewal letter compares to today’s planning rates, then send your numbers for a professional review.

Compare My Renewal

Estimates only · Not an approval · Alberta-focused

How to use this calculator

  1. Enter your current balance and the payment you actually make today.
  2. Set your renewal rate from your lender letter, then compare to a market planning rate.
  3. Use the side-by-side cards to see current vs renewal at a glance.
  4. Add renewal date and notes from your offer before you submit for review.

Your live estimate

Renewal Calculator

Estimate your payment at renewal and compare it to what you pay now — before you sign your lender's offer.

Your live estimate

Estimated new monthly payment

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What you pay now

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Renewal offer

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Current payment
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Monthly difference
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Annual difference
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Your renewal letter is an offer, not necessarily your only option. Since Nov 2024, uninsured straight-switch renewals may qualify at your contract rate rather than the stress test — lender policies vary.

Adjust your numbers

Drag sliders or type amounts — your estimate above updates instantly.

2.89%
5.49%

22 years left

This site is for education and planning only. Calculator results are estimates only and are not mortgage approvals, financial advice, or lender commitments. Always get professional advice before making financial decisions. Rates, payments, cashback, eligibility, qualification, and lender options are subject to lender approval, insurer rules, borrower qualification, property details, and applicable terms and conditions. Alberta Mortgage Calculator accepts no liability for decisions made from calculator estimates or general site content.

Review your renewal before you sign

Your current payment, balance, renewal rate, and payment change are attached automatically so a local lender can compare the offer.

How this works

  1. You adjusted the calculator above
  2. Your inputs and estimate are attached to this form automatically
  3. You add your contact info and a local lender reviews the scenario

Adjust the calculator above — then review these numbers with a local lender.

This site is for education and planning only. Calculator results are estimates only and are not mortgage approvals, financial advice, or lender commitments. Always get professional advice before making financial decisions. Rates, payments, cashback, eligibility, qualification, and lender options are subject to lender approval, insurer rules, borrower qualification, property details, and applicable terms and conditions. Alberta Mortgage Calculator accepts no liability for decisions made from calculator estimates or general site content.

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Mortgage professional review

Send your scenario and a mortgage professional can review your numbers with you.

Estimates, not approvals

Calculators help you plan. Final rates and qualification depend on lender approval.

Fast follow-up

Send your scenario and a mortgage professional reviews your numbers promptly.

This site is for education and planning only. Calculator results are estimates only and are not mortgage approvals, financial advice, or lender commitments. Always get professional advice before making financial decisions. Rates, payments, cashback, eligibility, qualification, and lender options are subject to lender approval, insurer rules, borrower qualification, property details, and applicable terms and conditions. Alberta Mortgage Calculator accepts no liability for decisions made from calculator estimates or general site content.

Review My Numbers