ARM vs. Fixed-Rate Mortgage
Compare adjustable-rate mortgages with fixed-rate mortgages to determine which option is better for you.
Shared Loan Details
$
30 years
15 years30 years
Fixed-Rate
%
Monthly Payment$1,896
Total Interest$382,633
Total Payment$682,633
ARM
%
5 years
1 years10 years
%
Initial Payment$1,703
Adjusted Payment$2,050
Total Interest$417,150
Total Payment$717,150
Comparison
ARM Costs More$34,517