Fixed-Rate Mortgage Calculator
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Use Our Calculator to Compare a Fixed-Rate Mortgage to Adjustable Rate Mortgages

Our calculator allows you to easily compare a fixed-rate mortgage to two different types of adjustable-rate mortgages (ARM) – a fully amortizing ARM and an interest-only ARM. The major difference between a fixed-rate mortgage and an ARM is that a fixed-rate mortgage has a constant payment for the entire life of the loan as opposed to an ARM, which has a rate that may vary, causing monthly payments to increase or decrease.


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When does an ARM make sense?

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