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I partly disagree about limiting the comparison to three years. That works only if refinancing after the fix is realistically available and affordable. I would run at least two cases: refinance at year three, and remain with the existing lender at whatever reset mechanism the offer specifies...

Matching the advertised figure is tempting, but retaining this tenant may be worth more than closing the whole gap. Listings show what landlords hope to receive, whereas even a brief vacancy, preparation work and reletting costs are real losses. I would narrow the evidence to studios with...

The reset risk may matter more than a small difference in arrangement fees. Ask each lender how the rate after year five would be determined, then test whether the resulting payment would still be manageable at several higher assumed rates. Those are scenarios, not forecasts, but they prevent...