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 1.85 1.00% $10,117.50 $2,023.50
1 year 3.70 2.54 1.16% $2,356.19 $2,356.19
2 year 4.05 2.29 1.76% $7,151.58 $3,575.79
3 year 4.55 1.89 2.66% $16,216.96 $5,405.65
4 year 5.19 1.99 3.20% $26,059.52 $6,514.88
5 year 5.39 1.89 3.50% $35,637.00 $7,127.40
7 year 6.85 2.74 4.11% $58,919.52 $8,417.07
10 year 6.95 2.95 4.00% $81,980.00 $8,198.00