Brokerage #13763

SMART RENEWAL / SWITCH ENGINE
Renewal / Switch Calculator
Compare renewal scenarios with soft, LendSimpl-style visuals.
Creates a scenario-based PDF report.
Current Situation
Balance & payment are auto-calculated from the details below.
LIVE ENGINE
Outstanding Balance
$500,000.00
Current mortgage balance
Current Mortgage Payment
$2,979.59 / monthly
Based on details entered
Balance at Maturity
$470,193
Projected at end of term
$500,000
$
$0
$2,000,000
Enter the remaining balance on the current mortgage.
5.25%
%
0%
15%
Auto-limited: today → maturity date.
$2,979.59 / monthly
Calculated from rate, balance & amortization.
Total schedule25 years
33
months remaining in this term
Approx. duration: 2 years 9 months
TIMELINE TO MATURITY
Your next payment and maturity date with projected balance.
2026-01-162028-10-16
Projected date
2028-10-16
Remaining payments
34
Current rate
5.25%
Next payment
Keeps the amortization and schedule on track.
Maturity
At maturity, your projected balance is:
Balance at Maturity
$470,193
End-of-term amortization
22 years 2 months
Simulate Renewal Today
(Remaining term months uses date difference; balance math uses remaining payments count = 34.)
Timeline base: next payment → projected date 2028-10-16.
Renewal Scenarios
Scenario 1
Scenario 2
Scenario 3
New Mortgage
$470,193
$
$470,193
$470,193
$
$470,193
$470,193
$
$470,193
New Rate
APR 5.250%
0
APR 5.250%
0
APR 5.250%
0
New Payment
MORTGAGE PAYMENT
$2,979.59
/ monthly
Base Scenario
MORTGAGE PAYMENT
$2,979.59
/ monthly
=
MORTGAGE PAYMENT
$2,979.59
/ monthly
=
How much will your Payments change?
Compared to your current mortgage payment, your new payment will stay the same.
*Monthly change uses a monthly-equivalent comparison across different frequencies.
Current Payment
$2,979.59
/ monthly
New Payment
$2,979.59
/ monthly
Monthly Change
No change
—$0.00
monthly-equivalent
Base scenario: Scenario 1
Principal & Interest
Show Differences
Scenario 1
Term Interest
$114,216.04
Term Principal
$64,559.36
Total Term Payments
$178,775.41
Balance end of Term
$405,634.01
Base Scenario
Scenario 2
=
Term Interest
$114,216.04
Term Principal
$64,559.36
Total Term Payments
$178,775.41
Balance end of Term
$405,634.01
Scenario 3
=
Term Interest
$114,216.04
Term Principal
$64,559.36
Total Term Payments
$178,775.41
Balance end of Term
$405,634.01
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