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 3.29 0.41% $834.33 $834.33
2 year 4.05 3.29 0.76% $3,095.78 $1,547.89
3 year 4.55 3.39 1.16% $7,098.16 $2,366.05
4 year 5.19 3.44 1.75% $14,302.05 $3,575.51
5 year 5.39 3.24 2.15% $21,963.86 $4,392.77
7 year 6.85 3.69 3.16% $45,405.72 $6,486.53
10 year 6.95 3.99 2.96% $60,819.12 $6,081.91