Compare the current remaining schedule with a renewal or replacement rate, term, fees, and penalty.
It keeps the property value, balance, cash amounts, rate convention, payment timing, and comparison horizon visible so the result can be checked against an actual quote, statement, budget, or contract.
Calculation structure
Follow the money through time
Each option amortizes the renewal balance; the proposed option may finance entered fees and adds any separate penalty to borrowing cost.
Visual explanation
See which inputs change the result
Opening balanceinterest+principalScheduled paymentBalance declines across the entered termEach option amortizes the renewal balance; the proposed option may finance entered fees and adds any separate penalty to borrowing cost.
Read the estimate correctly
Use the result with its assumptions
Compare a 200,000 balance at 3% with a 5% renewal and a different amortization.
Use the actual offer, statement, contract, or locally researched amounts. The result is a country-neutral scenario, not an approval, regulated disclosure, legal interpretation, or recommendation.
Quick guide
How to use this calculator
Enter the figures from your mortgage offer, statement, contract, property budget, or scenario.
Keep currencies, rate conventions, periods, and balances consistent; compare multiple plausible scenarios where future rates or costs are uncertain.
Use the component outputs to verify the result and review the calculator-specific boundary before acting.
Calculation method
Calculation method
Each option amortizes the renewal balance; the proposed option may finance entered fees and adds any separate penalty to borrowing cost.
Mortgage schedules use stable level-payment arithmetic and advance only the explicitly entered scenario. Results are checked for finite, principal-reducing behavior and round only for display.
Worked example
Practical example
Compare a 200,000 balance at 3% with a 5% renewal and a different amortization.
Each option amortizes the renewal balance; the proposed option may finance entered fees and adds any separate penalty to borrowing cost.
Supported inputs
Precision and limits
Visible input limits
Amounts are capped at 1e12, rates at 1000% unless a narrower percentage applies, and schedules at 1,200 months unless a frequency comparison explicitly documents more payment periods.
International scope
No currency, country, tax system, mortgage program, lender threshold, insurance rule, market rate, escrow law, or contract term is assumed.
Decision boundary
These are arithmetic scenarios, not offers, approvals, regulated disclosures, forecasts, valuations, legal interpretations, hardship advice, or recommendations.
Calculator-specific assumptions
Use the actual offer, statement, contract, or locally researched amounts. The result is a country-neutral scenario, not an approval, regulated disclosure, legal interpretation, or recommendation.
