QandAs: Loans

ARM or Fixed Rate Mortgage Loan?

Answer:
The ARM Vs. Fixed Rate Mortgage Calculator will help you to compare a fixed rate mortgage with both fully-amortizing and interest-only adjustable rate mortgages.

ARM vs Fixed Rate Mortgage Calculator

Loan Information
Mortgage loan amount:
Mortgage loan term:
Expected adjustment (%):
Fixed Rate Mortgage
Fixed interest rate (%):
Fully Amortized Adjustable Rate Mortgage
Beginning interest rate (%):
Number of months before first rate adjustment:
Interest rate cap (%):
Interest-Only Adjustable Rate Mortgage
Beginning interest rate (%):
Number of months before first rate adjustment:
Interest rate cap (%):

Comparison Results	Fixed	ARM	Interest-Only ARM
Beginning monthly principal and interest payment:
Total monthly payments:
Total interest:
Maximum monthly payment:


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