Savings are calculated based on a mortgage of $200,000.00.

Term Other Ours (APR) Difference Interest You Save Per Term Interest You Save Per Year
Variable 2.85 2.21 0.64% $6,480.96 $1,296.19
1 year 3.70 2.99 0.71% $1,443.75 $1,443.75
2 year 4.05 2.99 1.06% $4,314.62 $2,157.31
3 year 4.55 3.09 1.46% $8,927.32 $2,975.77
4 year 5.19 3.19 2.00% $16,335.20 $4,083.80
5 year 5.39 3.04 2.35% $23,995.26 $4,799.05
7 year 6.85 3.64 3.21% $46,118.55 $6,588.36
10 year 6.95 3.84 3.11% $63,877.84 $6,387.78