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 2.75 0.10% $1,014.00 $202.80
1 year 3.70 3.29 0.41% $834.33 $834.33
2 year 4.05 3.39 0.66% $2,689.10 $1,344.55
3 year 4.55 3.39 1.16% $7,098.16 $2,366.05
4 year 5.19 3.59 1.60% $13,080.96 $3,270.24
5 year 5.39 3.49 1.90% $19,421.80 $3,884.36
7 year 6.85 3.89 2.96% $42,552.66 $6,078.95
10 year 6.95 3.99 2.96% $60,819.12 $6,081.91