Home Equity Loans
-What Are Rate-Locks
-Cost of Owning a Home
-Homeowner Tax Breaks
Fixed vs. ARMs
-Remodeling Your Home
-Mortgages in 2007!
Much Can I Afford?
Selling Your Home
FIXED OR ADJUSTABLE RATE MORTGAGE?
If you are trying to determine whether a
fixed-rate or an
is better for you,
the calculator below can help. Enter the specifics for each loan. The
calculator will compute the total interest amount that will be paid,
the total loan amount as well as what the remaining balance is the
conclusion of your expected time of residency.
Learn more about
Fixed vs. Adjustable Rate Calculator
NOTE: The "best-case" scenario assumes that the interest rate remains at
the initial adjustable interest rate for the life of the loan. The
"worst-case" scenario assumes that the interest rate increases the
maximum allowed at every opportunity until it reaches the lifetime cap.