Compare adjustable-rate and fixed-rate mortgages to find the best option. Currently calculating in US Dollar.
Fixed-rate saves you $116,248 over the loan term
Fixed-rate provides payment stability and long-term savings
Loan Amount
$320,000
Projected rate increase per year after fixed period
Max rate: 10.50%
Monthly Payment
$2,076
Same for entire 30 years
Total Interest
$427,185
Initial Payment
$1,817
Saves $259/mo initially
Total Interest (projected)
$543,433
| Year | Fixed Pmt | ARM Pmt | ARM Rate | Difference |
|---|---|---|---|---|
| 1 | $2,076 | $1,817 | 5.50% | +$259 |
| 2 | $2,076 | $1,817 | 5.50% | +$259 |
| 3 | $2,076 | $1,817 | 5.50% | +$259 |
| 4 | $2,076 | $1,817 | 5.50% | +$259 |
| 5(end of fixed) | $2,076 | $1,817 | 5.50% | +$259 |
| 6 | $2,076 | $1,906 | 6.00% | +$170 |
| 7 | $2,076 | $1,995 | 6.50% | +$81 |
| 8 | $2,076 | $2,083 | 7.00% | -$7 |
| 9 | $2,076 | $2,170 | 7.50% | -$94 |
| 10 | $2,076 | $2,256 | 8.00% | -$180 |
| 11 | $2,076 | $2,341 | 8.50% | -$265 |
| 12 | $2,076 | $2,424 | 9.00% | -$348 |
| 13 | $2,076 | $2,506 | 9.50% | -$430 |
| 14 | $2,076 | $2,585 | 10.00% | -$509 |
| 15 | $2,076 | $2,663 | 10.50% | -$587 |
| 16 | $2,076 | $2,663 | 10.50% | -$587 |
| 17 | $2,076 | $2,663 | 10.50% | -$587 |
| 18 | $2,076 | $2,663 | 10.50% | -$587 |
| 19 | $2,076 | $2,663 | 10.50% | -$587 |
| 20 | $2,076 | $2,663 | 10.50% | -$587 |
| 21 | $2,076 | $2,663 | 10.50% | -$587 |
| 22 | $2,076 | $2,663 | 10.50% | -$587 |
| 23 | $2,076 | $2,663 | 10.50% | -$587 |
| 24 | $2,076 | $2,663 | 10.50% | -$587 |
| 25 | $2,076 | $2,663 | 10.50% | -$587 |
| 26 | $2,076 | $2,663 | 10.50% | -$587 |
| 27 | $2,076 | $2,663 | 10.50% | -$587 |
| 28 | $2,076 | $2,663 | 10.50% | -$587 |
| 29 | $2,076 | $2,663 | 10.50% | -$587 |
| 30 | $2,076 | $2,663 | 10.50% | -$587 |