Mortgage calculator

Fixed vs. adjustable rate mortgage?

Fixed or adjustable-rate mortgage? Find out which is right for you. Note, with a
fixed-rate mortgage (FRM), monthly payments will be steady, while with an
adjustable-rate mortgage (ARM), payments will vary over time.


Adjustable-rate mortgages typically have an initial fixed rate lower than that of a
comparable fixed-rate mortgage. The initial fixed-rate period is followed by
adjustment intervals.

How long do you expect to stay in your next home?
Consider possible relocation for a job and lifestyle changes, such as a growing
family, downsizing of home, etc..
Enter number of years:
(Minimum: 1)
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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed
5.02%
5.06%
15 yr fixed
4.49%
4.64%
5/1 ARM
4.19%
4.20%
30 yr fixed refi
5.04%
5.07%
View rates in your area:
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