# RenewalIQ — Canadian mortgage renewal math > Canadian mortgage renewal math (iPhone/iPad app by David McCrory.) - Source: https://appshunter.io/ios/app/renewaliq/id6766287238 (this page in markdown: same URL + `.md`) - Developer: [David McCrory](https://appshunter.io/developer/1878417502) - Category: Finance, Productivity - Price: Free with in-app purchases - Age rating: 4+ - Requires: iOS 17.0 · 1 MB - Languages: Canadian English, Canadian French - Released: 2026-05-14 - Data updated: 2026-07-31 - User reviews in markdown: https://appshunter.io/ios/app/renewaliq/id6766287238/reviews.md ## What is RenewalIQ? Canada's mortgage renewal wave is here. If your mortgage is coming due, you're facing the most consequential financial decision of the next five years — and most calculators are either wrong or designed to sell you something. RenewalIQ is different. It's a one-time-purchase decision tool built for Canadian homeowners who want the math, not a sales call. Why it's different Every mortgage calculator built for the US market uses the wrong compounding. Canadian mortgages compound semi-annually under the Interest Act — not monthly. RenewalIQ uses the correct formula throughout. That's not a footnote. That's credibility. What it does Enter your current mortgage details and start comparing renewal options right away. The free tier lets you model a scenario with real numbers — no account, no sales funnel. Unlock once to save unlimited scenarios, compare them side by side, and access the full Tools suite. • Scenario Builder — Enter any quoted rate and term and instantly see your new payment, total interest for the term, and balance at the end. • Amortization Schedule — See your full mortgage term payment by payment. The schedule opens at your current position, showing past payments, what's remaining to renewal, and the true full-term interest cost — extrapolated back to your term start date. • Term Analyzer — Compare 1, 2, 3, and 5-year terms side by side. See which one costs less over its term, which leaves you with the lowest balance, and what "lowest rate" actually means in dollars. • Payment Frequency Comparison — See exactly how much weekly, accelerated weekly, and accelerated bi-weekly payments save you versus monthly. The difference is meaningful. • Lender Switchability — Switching lenders triggers the OSFI stress test. RenewalIQ shows the qualifying rate you'd need to meet, so there are no surprises. • Penalty Estimator (unlock required) — Thinking about breaking your mortgage early? Get an IRD and 3-months-interest estimate before calling your lender. Supports both standard and discounted comparison-rate methods. • Variable vs Fixed Breakeven (unlock required) — Surfaces the one number that matters: the average rate at which variable beats fixed over your term. • Prepayment Calculator (unlock required) — Model a lump-sum payment on renewal day. See interest saved this term and over the life of the mortgage. • Renewal Reminders (unlock required) — 90, 60, and 30-day notifications so your renewal date doesn't sneak up on you. No sales calls. Just the math. No accounts. No backend. No broker referral fees hiding in the UI. All math runs on your device — nothing leaves your phone. One-time purchase. No subscription, ever. This app provides estimation tools for informational purposes only and does not constitute financial advice. Always consult a licensed mortgage professional before making decisions about your mortgage. — Terms of Use (EULA): https://thedman.github.io/app-support/renewaliq/terms-of-use Privacy Policy: https://renewaliq.ca/privacy/ ## Pricing and in-app purchases Base price: Free. **One-time purchases** | Purchase | Price | Type | | --- | --- | --- | | RenewalIQ Unlock | $14.99 | one-time | ## Version history (last 5 releases) ### 1.3.5 — 2026-06-28 This update improves the purchase experience: • Pricing now always shows your correct local App Store price for your region. • A smoother, more reliable unlock and restore flow. • Stability improvements and minor fixes. Thanks for using RenewalIQ. Have feedback or a feature request? We'd love to hear from you. ### 1.3.4 — 2026-06-03 Bug fixes and performance improvements, including a correction to biweekly and weekly payment frequency calculations. Users on biweekly or weekly payment schedules will see more accurate interest and balance figures. ### 1.3.3 — 2026-06-02 PDF export is here. Tap the share button in the Compare tab to generate a full mortgage renewal report — current mortgage details, scenario comparison table, and winner callout — ready to save, email, or print. ### 1.3.2 — 2026-06-01 Smarter mortgage math — biweekly and weekly payments now calculated correctly New user onboarding screens provides initial instructions to help get the value unlocked quickly. A calculation error affecting biweekly and weekly payment schedules has been fixed. Interest and principal splits are now accurate, which also corrects the full-term totals shown in the amortization schedule. If you use biweekly or weekly payments, your numbers will look different — and right. ### 1.3.1 — 2026-05-31 Smarter mortgage math — biweekly and weekly payments now calculated correctly A calculation error affecting biweekly and weekly payment schedules has been fixed. Interest and principal splits are now accurate, which also corrects the full-term totals shown in the amortization schedule. If you use biweekly or weekly payments, your numbers will look different — and right. ## More apps by David McCrory - [My Pain Tracker Log](https://appshunter.io/ios/app/my-pain-tracker-log/id6759395582) - [CVCalculator](https://appshunter.io/ios/app/cvcalculator/id6759869222) All apps by David McCrory: https://appshunter.io/developer/1878417502 --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-07-31.*