Fixed Rate vs ARM

Should I get a fixed or adjustable rate mortgage (ARM)?

Use this calculator to compare the monthly principal and interest payments for a fixed rate and an adjustable rate mortgage.

House price :

Down Payment :

Owed on Home :

Lending Term (years) :

PMI (%) :

Points & Other Closing Costs

Discount points

[ ?]

Origination points

[ ?]

Finance points?

Other closing costs:

Finance other loan closing costs?

Fixed Rate Mortgage & FRM Rate

Interest Rate (%):

Amortizing Adjustable Rates & ARM Rates

Initial Rate (APR %) :

Years Before First Adjustment :

Expected First Rate Adjustment (%) :

Months Between Subsequent Adjustments :

Expected Subsequent Adjustments (%) :

Lifetime Adjustment Cap (%) :

Interest-Only Adjustable Rates & IO ARM Rates

Initial Rate (%) :

Years Before Adjustment :

Expected First Rate Adjustment (%) :

Months Between Subsequent Adjustments :

Expected Subsequent Adjustments (%) :

Lifetime Adjustment Cap (%) :

Other Homeownership Expenses & Amount

Annual Property taxes ($) :

Annual Homeowner insurance ($) :

Monthly HOA fees ($) :

Loan Amount, LTV & Closing Costs & Amount

Loan amount:

Closing costs:

Down payment percent:

Loan-to-value (LTV):

PMI required?

Compare Your Loan Options

Your Initial Monthly Payments

Principal & Interest Payment :

Fixed

ARM

Interest-Only

Taxes, Insurance, PMI & HOA :

Fixed

ARM

Interest-Only

All-in Initial Payment :

Fixed

ARM

Interest-Only

Maximum Monthly Payments

Max Monthly P&I Payment :

Fixed

ARM

Interest-Only

All-in Max Payment :

Fixed

ARM

Interest-Only

Total Interest & Loan Costs

Total of All P&I Payments :

Fixed

ARM

Interest-Only

Total Interest :

Fixed

ARM

Interest-Only

Create Printable report

Loan origination date:

FIXED RATE VS ARM

Should I get a fixed or adjustable rate mortgage (ARM)?

Points & Other Closing Costs

Fixed Rate Mortgage & FRM Rate

Amortizing Adjustable Rates & ARM Rates

Interest-Only Adjustable Rates & IO ARM Rates

Other Homeownership Expenses & Amount

Loan Amount, LTV & Closing Costs & Amount

Compare Your Loan Options

Your Initial Monthly Payments

Maximum Monthly Payments

Total Interest & Loan Costs

Create Printable report

You are leaving www.firststatemortgage.biz