ARM vs. Fixed Rate Calculator
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This calculator that will help you to compare a fixed rate mortgage with both fully-amortizing and interest-only adjustable rate mortgages (ARMs). |
| Loan Information |
| Mortgage loan amount: |
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| Mortgage loan term: |
30 years
25 years
20 years
15 years
12 years
10 years
5 years |
| Expected adjustment (%): |
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| Fixed Rate Mortgage |
| Fixed interest rate (%): |
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| Fully Amortized Adjustable Rate Mortgage |
| Beginning interest rate (%): |
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| Number of months before first rate adjustment: |
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| Interest rate cap (%): |
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| Interest-Only Adjustable Rate Mortgage |
| Beginning interest rate (%): |
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| Number of months before first rate adjustment: |
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| Interest rate cap (%): |
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| Comparison Results |
Fixed |
ARM |
Interest-Only ARM |
| Beginning monthly principal and interest payment: |
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| Total monthly payments: |
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| Total interest: |
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| Maximum monthly payment: |
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