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 3.19 0.86% $3,502.26 $1,751.13
3 year 4.55 2.96 1.59% $9,719.11 $3,239.70
4 year 5.19 3.14 2.05% $16,741.53 $4,185.38
5 year 5.39 2.79 2.60% $26,531.70 $5,306.34
7 year 6.85 3.69 3.16% $45,405.72 $6,486.53
10 year 6.95 3.89 3.06% $62,858.52 $6,285.85