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 3.29 0.41% $834.33 $834.33
2 year 4.05 3.10 0.95% $3,867.93 $1,933.96
3 year 4.55 2.59 1.96% $11,969.92 $3,989.97
4 year 5.19 2.89 2.30% $18,771.68 $4,692.92
5 year 5.39 2.64 2.75% $28,052.06 $5,610.41
7 year 6.85 3.29 3.56% $51,103.44 $7,300.49
10 year 6.95 3.34 3.61% $74,057.35 $7,405.73