About $12 per $100,000 of mortgage balance.

So a $300,000 mortgage loan payment will increse by about $36/month. And not every Lender treats their required payments the same. TD & RBC for example have a payment requirement where they are collecting a little more right from the beginning, so they only adjust upward, or reset your payment when the actual maximum Amortization is triggered. So for some borrowers they may not see any change in their monthly payment, but they should know that when the rate edges upward, more of the payment is going towards interest then prior to the increase.

For strategies that make sense watch for my next blog where I outline how a "Mortgage Inflation Hedge Plan" can save you thousands of dollars.

Call me anytime,

Dean