Payment certainty.
Fixed rates can make budgeting easier, but may include lock-in terms, fees, and refinancing decisions later.
Comparison
Fixed vs variable mortgage: certainty vs rate exposure.
The right question is not only “which is cheaper today?” It is “what payment shock could I survive?”
Rate exposure.
Variable rates can move with market rates, which may help or hurt depending on the cycle.
Model the bad case.
Test payments at higher rates, lower income, and unexpected repairs before committing.
This comparison is educational and not mortgage, property, legal, tax, or financial advice.
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