Free Calculator
Fixed vs ARM Calculator
Compare fixed-rate and adjustable-rate mortgages to find your best option
Fixed vs ARM Calculator
Payment Comparison
Fixed Rate Payment
$0
6.5% Fixed
Initial ARM Payment
$0
5.5% Initial
Principal and interest only
Break-even Point
0 months
Total Fixed Interest
$0
Total ARM Interest
$0
Calculated with National Mortgage Center
Know your numbers. Plan your next move.
Calculator Disclaimer
This calculator provides estimates based on the information you enter and current market conditions. Actual loan terms, payments, and rate adjustments may vary based on:
- Your credit score and history
- Market index rates
- ARM program terms
- Rate caps and floors
- Adjustment periods
- Margin and index type
Please consult with one of our mortgage experts to understand the specific terms and conditions of fixed-rate and adjustable-rate mortgage options available to you. The results shown are for informational purposes only and do not constitute a commitment to lend.
Fixed vs Adjustable Rate Mortgages
Fixed-Rate Mortgages
Advantages:
- • Predictable monthly payments
- • Rate never changes
- • Easier to budget long-term
- • Protection from rate increases
Best For:
- • Long-term homeowners
- • Risk-averse borrowers
- • When rates are low
- • Fixed income households
Adjustable-Rate Mortgages
Advantages:
- • Lower initial rates
- • Lower initial payments
- • Potential for rate decreases
- • More flexible terms
Best For:
- • Short-term homeowners
- • Rising income expectations
- • When rates are high
- • Planning to refinance
Need Help Deciding?
Our mortgage experts can help you choose between fixed and adjustable-rate options.
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(855) 699-1424