Fixed and variable comparison
Know both paths. Test what could change.
One comparison helps you see
Compare fixed and variable mortgage payments, term interest, remaining balance and illustrative rate-change scenarios.
Free planning calculator
Compare fixed and variable rates
Compare mortgage payments, term interest and remaining balance using fixed, variable and user-controlled rate scenarios.
Four details. One clearer number.
Estimate your real monthly home cost
How it works
Compare fixed and variable rates
Start with rates you provide, then explore simple variable-rate journeys over the same term and amortization.
Financial Consumer Agency of Canada: Fixed and variable mortgage guidanceWhat the estimate considers
- Each selected journey applies illustrative rate movements at six-month checkpoints during the comparison term.
- Payment-changing and fixed-payment variable mortgages behave differently. Your lender contract remains authoritative.
- Rate journeys are mathematical illustrations, not forecasts or mortgage recommendations.
Good to know
Clear answers before you use this calculator.
Does Morteller recommend fixed or variable?
No. The calculator compares entered scenarios but does not predict rates or decide which risk profile suits you.
Why show the balance at term end?
Payment alone does not show the full comparison. Interest paid and remaining principal help explain the term outcome.