How it works
If you're on a variable rate, every base-rate hike raises your monthly payment. This tool runs both your current and a hypothetical new rate through the equal-installment formula so you can see the exact difference.
FAQ
Q. Should I switch to a fixed rate?
A. Switching to fixed can help in a rising-rate environment, but weigh the conversion fee and the fixed rate's own spread too. Use this tool to gauge the burden under different hike scenarios first.