Home › Housing & Mortgage › Fixed vs Variable Mortgage Calculator

Fixed vs Variable Mortgage Calculator

Compare fixed and variable mortgage payments, total interest over the term and simplified break penalties, plus a variable-rate rise scenario.

Your details

Instant result — 2026 defaults filled, edit anything. All fields are prefilled with the 2026 Canada defaults and the result shows instantly. Change any field and it recalculates instantly. Reset restores the 2026 defaults.

Loan amount ($)Prefilled with the 2026 default — edit if you want, e.g. 400000.

Fixed rate (%)Default: 4.5% — you can change it.

Variable rate (%)Default: 4% — you can change it.

Amortization (years)Prefilled with the 2026 default — edit if you want, e.g. 25.

Variable rate rise scenario (%)Prefilled with the 2026 default — edit if you want, e.g. 1.

Your results

—

Calculated with the 2026 Canada rules shown on this page. This is not tax, legal or financial advice, and not an official CRA / Service Canada determination.

Advanced

About Fixed vs Variable Mortgage Calculator

Compare fixed and variable mortgage payments, total interest over the term and simplified break penalties, plus a variable-rate rise scenario. The result appears instantly with the 2026 defaults filled in — edit anything you want.

FAQs

What does this calculator do?

Compare fixed and variable mortgage payments, total interest over the term and simplified break penalties, plus a variable-rate rise scenario.

How do I use it?

The result appears instantly with the 2026 defaults filled in — edit any field and it updates instantly, with no signup.

Is the result official?

No. This is a calculator estimate based on the 2026 rules shown on this page, not an official CRA / Service Canada determination. Check official rules for your case.

Related calculators

Housing & Mortgage

Mortgage Calculator

Calculate monthly mortgage payment, total paid and total interest.

Open Mortgage Calculator

Housing & Mortgage

Mortgage Renewal Calculator

Calculate your renewed mortgage payment and interest.

Open Mortgage Renewal Calculator

Housing & Mortgage

Mortgage Stress Test Calculator

Check the stress-test qualifying rate: the higher of contract rate plus 2% or the 5.25% floor (OSFI B-20).

Open Mortgage Stress Test Calculator

← Back to all calculators