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 2.25 0.60% $6,076.50 $1,215.30
1 year 3.70 2.99 0.71% $1,443.75 $1,443.75
2 year 4.05 2.79 1.26% $5,126.18 $2,563.09
3 year 4.55 2.89 1.66% $10,145.26 $3,381.75
4 year 5.19 2.89 2.30% $18,771.68 $4,692.92
5 year 5.39 2.84 2.55% $26,024.66 $5,204.93
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