Adjustable Rate Mortgage Analysis Comparison to Fixed Rate

ARM/Fixed Rate Mortgage Comparison
This calculator will allow you to compare an Adjustable Rate Mortgage (ARM) and a fixed rate mortgage. It will show you how your monthly payment may vary and total interest payments. This is for NEW loans. To see the affect of interest rate changes on an existing loan go here.

Credit Union Average APR
(July 29 2010)

30 year fixed: 4.658%
15 year fixed: 4.065%
5/1 Arm: 3.497%

Fixed Rate Mortgage Loan Information
Amount of original Mortgage:
Fixed Interest Rate:
Mortgage Term (in years):

ARM Mortgage Loan Information

Amount of original Mortgage:

ARM Loan Starting Interest Rate:

ARM Loan Interest Rate Cap:

Mortgage Term (in years):

Months before first mortgage adjustment:

Months between adjustments:

Give your estimate of what you think the interest rate on your loan will be in the future. The rate could go up or down.

1 year	2 year	5 year	10 year	20 year

To give you some idea of what might happen, we show a graph of the US prime interest rate over the last 20 years. From the graph you can see that current interest rates are still relatively low.