Compare Fixed Rate Mortgage with Adjustable Rate Mortgage

This online mortgage calculator will help you to compare the total monthly payment on fixed rate and adjustable rate (fully amortizing and interest-only) loans for a specific time period. You can also figure out the total interest and maximum monthly payment payable on an FRM and ARM.
Loan Information
Mortgage Amount ($)
Loan Period
Expected Rate Adjustment (%)
Fixed Rate Mortgage
Mortgage Rate (% per annum)
Fully Amortized Adjustable Rate Mortgage
Initial Mortgage Rate (% per annum)
Months before First Rate Adjustment
Interest Rate Cap (%)
Interest-Only Adjustable Rate Mortgage
Initial Mortgage Rate (%)
Months Before First Rate Adjustment
Interest Rate Cap (%)

Compare Payments
	Fixed	ARM	Interest-Only ARM
Initial Monthly Payment
Maximum Monthly Payment
Total Payments
Total interest

Note: Monthly Payment includes monthly principal and monthly interest only.