Mortgage
Mortgage

Option ARM vs. fixed-rate mortgage calculator

Calculate your payment and more

A fixed-rate mortgage has the same payment for the entire term of the loan. The option ARM uses a low initial rate to calculate your initial minimum monthly payment. Although the interest rate will increase after one to three months, your low payment will remain fixed for the entire year. This can produce a much lower monthly payment than a traditional fixed-rate mortgage or even an adjustable-rate mortgage (ARM).


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 regard 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.
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