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 2.90 -0.05% -$507.19 -$101.44
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 3.33 1.22% $7,464.20 $2,488.07
4 year 5.19 3.49 1.70% $13,895.12 $3,473.78
5 year 5.39 3.34 2.05% $20,947.41 $4,189.48
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