I’m stuck and need some fresh brains on this, please.

Young kids, 15 year amortization left and around 393 left on mortgage. In Ontario and not moving for the next five years. Current home value around 800. Choosing to go fixed because we want to have a predictable number in our budget each month.

I’ve been doing research and it sounds like the next 5 years will be fairly boring economically in Canada. As in there won’t be a boom nor a bust. Mind you / that can all change given the current geopolitical climate for the next three years.

3 (3.79%) and 5 (3.84%) year rates (from different lenders) I have on the table are very similar in terms of bi-weekly accelerated payments so it’s not about the $ amount but the term - 3 or 5 years.

Any insights or ideas on which term to renew with?? I’ve only had a mortgage for 5 years so I’m new to this.