header

Mortgage Calculator - ARM VS Fixed Rate


Our mortgage calculator is perfect for comparing the amount you will pay monthly on your mortgage if you choose a fixed rate mortgage, a fully amortized adjustable rate mortgage (ARM) or an interest only adjustable rate mortgage. It could help you decide what kind of mortgage is best for you.

Specify the mortgage amount you are looking to borrow, the length of the loan term for total repayment (not just the 5 or 3 year term you are arranging now), and the interest rate you expect to be charged. The online calculator will present you with both the total monthly payments plus the amount of interest you will pay for each option.

You will notice that there is a button at the bottom of the calculator that says "Create Comparison Report and Payment Schedule". Click that button once you have completed your calculations and you can print out a sheet that compares all of the options. It also provides you with a month by month running total of how much you will owe after each mortgage payment in each of the scenarios you created.

This is a terrific tool for comparing your mortgage options.



Looking for more financial calculators? This ARM VS Fixed Rate Mortgage Calculator is one of the many other online calculators you will find here. >>>>


"; var schedule = (part1 + "" + part2 + "" + part3 + "" + part4 + ""); reportWin = window.open("","","width=500,height=400,toolbar=yes,menubar=yes,scrollbars=yes"); reportWin.document.write(schedule); reportWin.document.close(); } } } } function clear_results(form) { document.calc.fixed_pmt.value = ""; document.calc.fixed_total_pmts.value = ""; document.calc.fixed_total_int.value = ""; document.calc.fixed_max_pmt.value = ""; document.calc.adj_start_pmt.value = ""; document.calc.adj_total_pmts.value = ""; document.calc.adj_total_int.value = ""; document.calc.adj_max_pmt.value = ""; document.calc.io_start_pmt.value = ""; document.calc.io_total_pmts.value = ""; document.calc.io_total_int.value = ""; document.calc.io_max_pmt.value = ""; }
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:














More About ...


MyHomeEquity


Notable Quotes

quote open Failure will never overtake me if my determination to succeed is strong enough.quote close
~ Og Mandino





LATEST NEWS






Financial Freedom RSS Feed







Check the Credit and Debt Tips Blog for site updates here...




FYI ...

Take a tour of Mvelopes Personal. You will see how simple it can be to plan and achieve long-term financial freedom.
It's an an award-winning online budgeting system that makes it easy to create an effective personal budget and track every aspect of your spending as it happens, providing you critical information to make better spending decisions wherever you go. Find out how to get control of your personal budget here.



Copyright © 2012 - 2013 ControlCreditCardDebt.com | Mortgage Calculator