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 2.50 0.35% $3,546.81 $709.36
1 year 3.70 2.99 0.71% $1,443.75 $1,443.75
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 3.44 3.41% $48,968.11 $6,995.44
10 year 6.95 3.79 3.16% $64,896.92 $6,489.69