Enter the mortgage, then the fixed rate and the variable (prime minus your discount). Use whatever rates you're quoted.
Pick the term to compare, then set where you think the Bank of Canada moves prime. The timing is what decides the winner.
Each month defaults to Hold. Pick +0.25% / +0.50% for a hike or −0.25% / −0.50% for a cut. Leave the rest on Hold.
| Over your term | Fixed | Variable | Better |
|---|
Educational estimate only, not a prediction or an offer of credit. Canadian semi-annual compounding; the variable payment re-amortizes over the remaining term whenever prime moves. Prime paths are hypothetical; real rates, caps and conversion options vary. Contact us for advice on your situation.
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Let's pressure-test fixed vs variable against your real plans and risk comfort, and find the sharpest rate either way, at no cost.