ARM vs Fixed Rate Mortgage Calculator

If you are looking at an Adjustable Rate Mortgage (ARM) and don't know if you should opt for the ARM of the fixed rate mortgage, this calculator 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:
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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