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
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