Fixed Rate vs. ARM
See the difference between a fixed rate and arm
This tool allows you to compare the monthly payment for Fixed Rate Mortgage and an Adjustable Rate Mortgage (ARM).
| Fixed Rate Mortgage | |
|---|---|
| Monthly Payment | $0.00 |
| Adjustable Rate Mortgage | |
|---|---|
| Initial Monthly Payment | $0.00 |
| Maximum Monthly Payment | $0.00 |
The maximum monthly payment is only an estimate. The estimate is based upon the specified maximum interest rate and the estimated adjustments over the term of the loan.