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 4.50 5.50 -1.00% -10250.00 -2050.00
1 year 5.25 5.99 -0.74% -1521.59 -1521.59
2 year 5.45 5.49 -0.04% -164.38 -82.19
3 year 5.49 4.99 0.50% 3078.60 1026.20
4 year 5.59 4.99 0.60% 4926.96 1231.74
5 year 5.69 4.79 0.90% 9235.80 1847.16
7 year 6.85 5.69 1.16% 16749.12 2392.73
10 year 6.95 5.80 1.15% 23733.13 2373.31