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Home Purchases
Refinancing
Home Equity Loans
Mortgage Info:
-What Are Rate-Locks
-Fighting Assessments
-What
is PMI?
-Having
Parents Co-sign
-Cost of Owning a Home
-Homeowner Tax Breaks
-Housing
Markets
-Avoiding Foreclosure
-Compute
Fixed vs. ARMs
-Mortgage
Calculator
-Remodeling Your Home
-Mortgages in 2007!
-How
Much Can I Afford?
-Mortgage
Fees
-Mortgage
Scams
-Managing
Your Loan
Loan Types
Selling Your Home
Homeowner's Insurance
Auto Loans
Personal Loans
Debt Consolidation
Credit Reports
Credit Cards
Home
-Taxes
-Managing Money
-Credit Help
-Checking Accounts
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FIXED OR ADJUSTABLE RATE MORTGAGE?
If you are trying to determine whether a
fixed-rate or an
adjustable-rate loan
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
refinancing ARMs.
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.
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