ARM VS. FIXED MORTGAGE

This calculator that will help you to compare a fixed rate mortgage with a fully-amortizing adjustable rate mortgage (ARM).

Loan Information
Mortgage loan amount:
Mortgage loan term:
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 (%):

Comparison Results	Fixed	ARM
Beginning monthly principal and interest payment:
Total monthly payments:
Total interest:
Maximum monthly payment: