ARM vs. Fixed Mortgage Calculator

Understand the difference between major mortgage types

Generally, home loans come in two varieties. One offers stable monthly interest charges over the life of the loan. The other features an interest rate that may change over time. Spend a few minutes figuring out which might work best for you. An adjustable-rate mortgage (ARM) starts out with a lower interest rate. But after a few years, that rate may rise above what you might pay for a fixed-rate loan. This calculator lets you compare potential payment schedules, factoring in loan amounts, repayment terms and interest rates.

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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.