Adjustable Rate Home Mortgage Loan
Comparison

You may be able to afford the payments on your adjustable rate mortgage at the start rate, but what are those adjustments going to mean in the long run? An Adjustable rate mortgage will typically adjust by 2% once a year or 1% every 6 months.

Negative amortization mortgage loans, also known as Option ARM, work in a very different way. You can calculate the adjustments effect by using a 1% annual adjustment. That will not give you the actual payment amount, but it will show a very close approximation. 

Adjustable Rate Mortgage Comparison
This will help you to compare monthly payments and interest costs of home mortgages at up to five interest rates simultaneously.

Enter the mortgage principal amount and the length of the mortgage in years. Then, either enter a starting interest rate and select the percentage to increment the comparison rates, or enter a rate for each of the five "Interest Rate" fields.

Enter the mortgage principal ($):
Enter the term of the mortgage in years:
Enter a starting interest rate (%):
Increment comparison rates by:
Interest Rate > %   %   %   %   %  
Monthly payment:
Total principal:
Total interest:
Total payments:

 

   

 
     
     
   

 

  
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