Joe DownsCEO & Co-Founder, Belrose Storage Group. Founder, Storage Moguls.

Save $15,000 in Your First Year with This Mortgage Choice

11 Feb 2026 · 1 min

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A variable-rate mortgage can save nearly $15,000 in year one versus fixed-rate, but if rates jump to 8%, your monthly payment hits $6,600, about $800 more than fixed-rate. You need to be ready for that worst case.

That difference translates to nearly $15,000 a year in savings in the first year alone. But this is where the risk really hits. If the variable rate spikes to 8%, your payment jumps to $6,600. That's a $2,000 increase from your starting payment and nearly $800 more than the fixed rate option you could have had. So you have to be prepared for the worst case scenario when choosing a variable rate.

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