Know exactly which
renewal offer wins
before you sign.
RenewalIQ is a Canadian mortgage renewal optimizer. Model any offer, compare every option, and bring decision-grade numbers to your lender conversation — not bank marketing.
$4.99 CAD one-time unlock • iOS 17+ • Canadian App Store
~$900B in Canadian mortgages
are renewing at rates 2–3× higher
than when they were written.
Homeowners who locked in at 1.5–2.5% in 2020–2022 now face renewals at 4.5–5.5%. On a $500K mortgage that's over $1,000 more per month. Which term you choose, whether you prepay, whether you switch lenders — these decisions compound over years.
Bank calculators are designed to make their own offer look best. Rate-comparison sites are lead-generation funnels. RenewalIQ is neither — it's a paid tool that works for you, not your lender.
Every tool your renewal decision needs.
RenewalIQ answers decisions, not just arithmetic. Free features let you try the math. Unlock everything once for $4.99.
Scenario Comparison
Save unlimited named scenarios — bank offer, broker quote, credit union rate. Compare total interest, monthly payment, and end-of-term balance in a single table.
Prepayment Calculator
Model a lump-sum prepayment before renewal. See the exact payment reduction, interest saved over the term, and total lifetime savings — before you deploy cash.
Term Analyzer
Enter rates for 1, 2, 3, and 5-year terms. RenewalIQ calculates the total cost of each path — including what you'll still owe when shorter terms renew again.
Penalty Estimator
Thinking of breaking early? Estimate whether IRD or 3-months interest applies — so you can decide if switching makes financial sense before calling your lender.
Variable vs Fixed Breakeven
Get one clear answer: "Fixed wins if variable averages above X% over the term." Model Bank of Canada rate scenarios and see which option wins under each path.
Payment Frequency Comparison
See exactly how much accelerated bi-weekly payments save vs monthly — in years off your amortization and dollars of total interest. The math surprises most people.
Renewal Summary PDF
Export a one-page PDF of your analysis — branded, clean, and designed to bring to a lender or broker meeting. Show them you've done the math.
Renewal Reminders
Set local notifications at 90, 60, and 30 days before your renewal date. No account required — reminders run entirely on your iPhone.
From renewal notice to confident decision.
Four steps. Under ten minutes. No guesswork.
Enter your current mortgage
Balance, rate, payment, amortization remaining, renewal date. Takes 90 seconds with a mortgage statement in hand.
Add your quotes
Enter any rate quote you've received — from your bank, a broker, or a credit union. Name it, pick the term and payment frequency.
See which path wins
RenewalIQ calculates total interest, balance at end of term, and total cost for every scenario. The lowest-cost option is clearly flagged.
Export and negotiate
Export a one-page PDF of your analysis. Bring it to your lender. Ask them to match the best offer. Numbers don't lie.
Two tools. One mission.
Financial clarity for Canadians — whether you're managing a mortgage renewal or deciding what to do with a defined-benefit pension commuted value. Both apps share the same philosophy: credible math, no conflicts of interest, and respect for your intelligence.
Compare lender offers, model prepayments, analyze term lengths, and estimate mortgage penalties — with math built specifically for Canadian renewals.
Canada's commuted-value calculator for defined-benefit pensions. Follows CIA §3500 actuarial standards, models break-even age, LIRA transfer, and taxable cash — so you can decide before you sign anything.
Understand your mortgage before you renew.
Accelerated Bi-Weekly Payments: How Much Do They Actually Save?
Switching to accelerated bi-weekly at renewal is one of the highest-return, lowest-effort decisions available to Canadian homeowners. Here's the math — with real numbers.
The IRD Penalty Explained: Why Breaking Your Mortgage Costs More Than You Think
Interest Rate Differential penalties can run into the tens of thousands. Here's exactly how IRD is calculated, why the bank's number may surprise you, and how to estimate yours before making any decisions.
Fixed vs Variable at Renewal: How to Actually Decide
The fixed vs variable debate is framed badly. Here's how to model the breakeven in plain math — and what the current Canadian rate environment actually means for your renewal.
Try it free. Unlock everything once.
No subscription. No renewal. The free tier shows you real numbers — the upgrade is for when you're ready to save them.
Run the numbers. See if it's useful.
- Enter your current mortgage
- Build one renewal scenario (unsaved)
- See new payment & total interest
- Single comparison view
- Term Analyzer — run without saving
- Payment frequency comparison
- Renewal reminder notifications
One-time in-app purchase. Yours forever.
- Everything in Free
- Save unlimited named scenarios
- Compare 3+ scenarios side by side
- Prepayment Calculator
- Variable vs Fixed Breakeven
- Penalty Estimator (IRD & 3MI)
- OSFI stress test display
- Renewal Summary PDF export
Purchased through the App Store. No account required. No subscription ever.
The math: a 0.05% better rate on a $500K mortgage over 5 years saves approximately $1,250. RenewalIQ costs $4.99 — less than a coffee. It pays for itself before the first renewal conversation ends.
Everything you need to know.
Still have questions? The app includes tooltips and educational popovers for every calculation — so you understand not just the number, but where it came from.
Download RenewalIQIs RenewalIQ available now?
Yes — RenewalIQ is available now on the Canadian App Store. Download it for free and start modeling your renewal scenarios right away. The free tier lets you run calculations immediately with no account required.
Why not just use my bank's mortgage calculator?
Bank calculators are designed to showcase their own products. They don't let you compare competing offers side by side, they don't model prepayments or penalty estimates, and they don't tell you which term wins. RenewalIQ has no financial relationship with any lender — it works for you.
How accurate are the calculations?
All math follows Canadian mortgage standards — specifically, nominal rates compounded semi-annually as required by the Interest Act (Canada), Section 6. This is the key difference from US mortgage calculators, which compound monthly. The results are estimation-grade: accurate enough for confident decision-making, but you should confirm specific figures (especially IRD penalties) directly with your lender.
Does RenewalIQ connect to my bank or pull live rates?
No, and intentionally so. You enter rates manually from quotes you've received. This avoids any scraping risk, keeps the app working forever regardless of what banks change on their websites, and reflects how renewal conversations actually work — you have a quote in hand. There is no backend, no account, and no data leaves your phone.
What's the difference between IRD and 3-months interest?
Both are penalty types for breaking a fixed-rate mortgage early. 3-months interest is simple: three months of interest on your remaining balance. IRD (Interest Rate Differential) is the difference between your contract rate and the lender's current rate for a comparable term, applied over the remaining months. Your lender charges whichever is higher — which is almost always IRD in a rising-rate environment and 3MI in a falling-rate environment. For variable-rate mortgages, the penalty is typically just 3 months interest.
Is there a subscription?
No. RenewalIQ is a one-time purchase of $4.99 CAD. There is no subscription, no annual renewal, no freemium drip. The free tier lets you run calculations without saving. The $4.99 unlock gives you everything: saved scenarios, PDF export, prepayment optimizer, penalty estimator, and all advanced tools. You buy it once, you own it.
Does it work for variable-rate mortgages?
Yes. When building a scenario, you can specify whether the rate is fixed or variable. The penalty estimator correctly applies the 3-months interest rule for variable-rate mortgages. The Variable vs Fixed Breakeven tool is specifically designed to model the trade-off between a variable rate today and a fixed rate — it shows you the average variable rate at which fixed becomes cheaper.
How is RenewalIQ different from CVCalculator.ca?
CVCalculator.ca is a commuted-value calculator for defined-benefit pensions — it helps you decide whether to take a lump-sum commuted value or keep your monthly pension. RenewalIQ is a mortgage renewal optimizer. They're separate tools for separate decisions, built by the same developer with the same philosophy: Canadian-specific math, no conflicts of interest, one-time pricing.
RenewalIQ is live on the App Store.
Start optimizing your mortgage renewal today — free to download, no account required, all calculations on your device.
- Free tier available — run calculations instantly.
- $4.99 CAD one-time unlock — no subscription ever.
- No data leaves your phone. No account. No backend.
Canadian App Store only · No subscription · No account
Stay in the loop.
New articles, feature updates, and renewal tips — a few times a year, never spam.