Demo plan · sample data
Prepared by
Priya Sandhu
North Shore Mortgages Ltd.
BCFSA M08001234
Surrey, BC · Matures December 20, 2026
If you sign the bank letter
Today you pay about $1,725/mo at 1.89%.
Your lender offered a renewal near 4.79%. At that rate your payment becomes about $2,350/mo — a $625 increase from today. That letter is rarely their best rate; it's the offer that keeps you with them. Your broker can shop the market with no penalty at maturity.
Balance estimate: $412,500
Adjust estimates to see how term and amortization change your payment.
Selected: Broker scenario A at 4.29% — $2,235/mo over 5 years.
Estimates only. Your actual rate depends on lender approval and qualification. Numbers use Canadian semi-annual compounding. Scenario sliders change estimates only — they are not a rate quote or approval.
Switching lenders at maturity has no prepayment penalty on a standard renewal.
Rate holds usually open around August 22, 2026 (T-120) — that is when your broker can lock a market rate while we finish paperwork. If you do nothing, the lender's letter rate typically takes effect on maturity day.
Today
Review your options · T-80
Start renewal outreach (T-180)
June 23, 2026
Plan + rate shop window (T-120)
August 22, 2026
Rate hold window · shop before docs crunch
Priority queue — confirm options (T-90)
September 21, 2026
Documents & lender submissions (T-60)
October 21, 2026
Final compare before maturity (T-30)
November 20, 2026
Maturity day
December 20, 2026
No penalty to switch if your new lender funds on time
Post-maturity follow-up (+30)
January 19, 2027
Pick a time that works — your broker will follow up by phone or email.
Message broker