Fixed vs. Adjustable Mortgage Payment Calculator

 


Adjustable Fixed
Loan amount
 

Loan term (years)
 

Interest rate
 
Months between adjustments
 

Maximum rate change/adjustment
 

Minimum rate
 

Maximum rate
 


MONTHLY PAYMENTS:
Total first monthly payment
 
Total cost of loan after 3 years
 
Total cost of loan after 7 years
 
Total cost of loan after 10 years
 
Total cost of loan after 20 years
 
Total cost of loan
(held to original term)
 

Assumptions: The calculator shows results for mortgage amounts only, excluding any up-front fees and points as well as required payments for property taxes and insurance, and excluding any tax benefits that may result from itemizing deductions.