Fixed vs Variable: Which Saves You More?
Compare both options side by side — then see what happens if rates go up, down, or stay the same over your term.
Fixed or variable — it's the question almost every Alberta mortgage client asks. Fixed gives you certainty: the same payment for your entire term regardless of what the Bank of Canada does. Variable moves with prime rate — historically lower, but with exposure to rate increases. The right answer depends on your financial situation, risk tolerance, and where rates are headed.
This calculator runs both scenarios side by side. You can model different rate movement assumptions — flat, rising, or falling — to see how each option performs over your term. It's the analysis your bank won't do for you, because they'd rather you just pick one and sign.
📊 The fixed vs. variable decision has real dollar consequences.
25 years of Alberta market data informs the advice. Get Shawn's read on current conditions →
Rate projections are illustrative only. Past Bank of Canada rate movements do not guarantee future behaviour. This calculator uses Canadian semi-annual compounding as required by federal mortgage regulations.