Renewal Shock Calculator
See how much your monthly payment changes when a low-rate term renews into today's market rate.
Most renewals from the low-rate years land at a noticeably higher rate today. This shows the payment jump before it arrives — and renewal is the moment to shop the whole market, not just sign the lender’s offer.
Have a real scenario? Talk it through — Renewal+$811.71
Monthly payment change
- Old monthly payment
- $2,237.34
- New monthly payment
- $3,049.05
- Annual increase
- $9,741
- Five-year cost increase
- $48,703
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Terms, in plain language
- Renewal
- When your mortgage term ends and you sign a new one — usually at whatever rate the market is offering then, which may be very different from your old rate.
- Payment shock
- The jump in your monthly payment when you renew from an old low rate into a higher current rate.