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 4.30 0.20% 2044.00 408.80
1 year 5.25 4.99 0.26% 533.31 533.31
2 year 5.45 5.29 0.16% 657.18 328.59
3 year 5.49 5.14 0.35% 2155.81 718.60
4 year 5.59 5.14 0.45% 3696.57 924.14
5 year 5.69 4.94 0.75% 7699.31 1539.86
7 year 6.85 5.69 1.16% 16749.12 2392.73
10 year 6.95 5.80 1.15% 23733.13 2373.31