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 3.29 0.76% $3,095.78 $1,547.89
3 year 4.55 2.99 1.56% $9,536.44 $3,178.81
4 year 5.19 3.39 1.80% $14,708.88 $3,677.22
5 year 5.39 3.09 2.30% $23,487.60 $4,697.52
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