Robert McLister·General·March 19, 2007The True Cost of Interest-Only Mortgages This Nanaimo Bulletin story stresses the importance of evaluating the total cost of borrowing when considering an interest-only mortgage. Their example shows how a $200,000 interest-only mortgage costs about $13,500 more over 10-years than a traditional fixed mortgage. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.