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.