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 1.85 1.00% $10,117.50 $2,023.50
1 year 3.70 2.54 1.16% $2,356.19 $2,356.19
2 year 4.05 2.29 1.76% $7,151.58 $3,575.79
3 year 4.55 2.14 2.41% $14,701.84 $4,900.61
4 year 5.19 2.04 3.15% $25,655.49 $6,413.87
5 year 5.39 1.99 3.40% $34,627.30 $6,925.46
7 year 6.85 2.74 4.11% $58,919.52 $8,417.07
10 year 6.95 2.95 4.00% $81,980.00 $8,198.00