Which is better: fixed or adjustable?
Payments
|
ARM Payments
|
Fixed vs. Adjustable
|
Fixed
Adjustable
Interest Rate:
%
%
Loan Amount:
$
$
Term (in years):
Discount Points:
%
%
Origination Fee:
%
%
Other Loan Costs:
$
$
State and Federal Tax Rate:
%
Purchase Price:
$
Yearly Homeowner's Insurance:
$
Years Before Sell/Pay Off Loan:
Your Savings Rate:
%
Regarding the Adjustable Rates Mortgage
Months Before First Adjustment:
Months Between Adjustments:
Maximum Rate Change/Adjustment:
%
Minimum Rate:
%
Maximum Rate:
%
Rates Behavior Prediction:
Interest Rates Will Increase
Interest Rates Will Decrease
Interest Rates Will Stay The Same
Fixed
Adjustable
Principal and Interest:
$
$
Taxes and Insurance:
$
$
Mortgage Insurance:
$
$
Total Initial Payment:
$
$
Adjustable Rate Payment Savings:
$
Payments
|
ARM Payments
|
Fixed vs. Adjustable
|
Note: The intended purpose of this calculator is for estimation only. It's accuracy and how it applies to individual circumstances is not guaranteed. Personal advice from qualified professionals is suggested.
© David Bruce Ing 1999 - 2001
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Kiana Liu
