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%