 ARM vs. Fixed Rate Calculator |
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: | |
| Mortgage loan term: | 30 years
25 years
20 years
15 years
12 years
10 years
5 years |
| 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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