This tool illustrates the impact of various depreciation terms (5, 10, 15, 20, 25 and 30 years) on the total cost of your loan.
Your mortgage
Amount of loan
$
Term of loan
3 month closed: 4.15%
6 month open: 6.95%
6 month closed: 4.40%
1 year open: 6.95%
1 year closed: 3.34%
2 years closed: 3.59%
3 years closed: 4.15%
4 years closed: 4.59%
5 years closed: 5.14%
5 years closed: 5.14%
7 years closed: 5.60%
10 years closed: 6.40%