The figures entered on the input page of this calculator are for hypothetical purposes only. You should enter figures that are appropriate to your individual situation. The results provided by this calculator are also intended for illustrative purposes only. You should not rely upon these figures as accuracy is not guaranteed and products may not be available for your situation.

ARM vs Fixed Rate Mortgage Calculator
This calculator that 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: