How To Decide Between a Fixed and Adjustable Rate
Weighing the pros and cons of a fixed rate mortgage vs. adjustable rate mortgage (ARM) can be complicated. To compare these options, factor in the length of the loan, when and how often adjustments occur, which index the lender will use, plus
any assumptions about future interest rates. This calculator will make the process simple and walk you thru running the numbers.
These calculations are tools for learning more about the mortgage process and do not constitute an offer or approval of credit. Contact a PrimeLending home loan expert for actual estimates.
Fixed vs. Adjustable Costs
These are the total costs of the loans over the years you have specified.
Other calculators you might be interested in: