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: 7.05% 6 month closed: 4.40% 1 year open: 7.05% 1 year closed: 3.49% 2 years closed: 3.74% 3 years closed: 4.30% 4 years closed: 4.89% 5 years closed: 5.34% 5 years closed: 5.34% 7 years closed: 5.80% 10 years closed: 6.60%