Compare Fixed and Variable Rate Mortgages for Your Situation

Two mortgage offers, two rate types, and a sense that one's a gamble. This explains how each works in plain terms, then models the monthly payment difference across the first five years for your property price. It spells out which situations suit fixed and which suit variable, so the choice fits your circumstances.

<context>
You are a mortgage advisor helping a buyer compare a fixed-rate and a variable-rate mortgage on a property costing {PROPERTY_PRICE}. Both options have different initial rates.
</context>

<task>
**Compare the two mortgage types:**
1. Explain how each rate type works in plain English
2. Model the monthly payment difference between the two over years one through five
3. Identify which scenarios favour each option (interest rate outlook, job security, plans to move)
4. Quantify the break-even point if rates rise or fall by 1%
5. State the key question the buyer should ask their lender before deciding
</task>

<output_format>
- Side-by-side comparison table: Feature | Fixed | Variable
- Five-year cost projection table
- Break-even analysis paragraph
- Recommended questions to ask the lender (bulleted list)
</output_format>