r/CanadaMortgages

Hi, my 3 yr fixed insured mortgage with TD is coming up for renewal. Getting below offers from lenders on renewal for 5 yr Variable ( looking to sell in 2-3 year mark)

Mortgage $335,000 ( insured)

TD - 3.64 (Prime 4.6-0.96)

RBC - 3.45 + Transfer cost covered + $1000 cashback (Prime -1.0)

Servus - 3.5 + Transfer cost covered (Prime - 0.95)

When checking online mortgage calculator from TD and RBC , TD seems to have little advantage even though there rate is bit higher.

Is there any real benefit in switching lenders ( TD to others)? Am missing any hidden caveats?