Loan Details
Fixed Rate
%
Get today's competitive fixed rates
Adjustable Rate (ARM)
%
%
Interest-Only ARM
%
%
Best Long-Term Value
Saves
Side-by-Side Comparison
| Fixed | ARM | IO-ARM | |
|---|---|---|---|
| Initial Monthly Payment | |||
| Principal & Interest | $2,022 | $1,817 | $1,467 |
| Initial Payment | $2,022 | $1,817 | $1,467 |
| Maximum Payment (Worst Case) | |||
| Max Rate | 6.50% | 10.50% | 11.50% |
| Max Payment | $2,022 | $2,857 | $3,429 |
| Total Cost Over Loan Life | |||
| Total Payments | $727,680 | $842,357 | $967,890 |
| Total Interest | $407,680 | $522,357 | $647,890 |
Payment Over Time
Fixed Rate
ARM
Interest-Only
Fixed Rate
Low Risk
Payment never changes. Best for long-term stability.
ARM
Medium Risk
Lower initial payment but payment can increase significantly.
IO-ARM
High Risk
Lowest initial payment but highest long-term cost and payment shock.
Fixed vs ARM Comparison Report
Generated:
Loan Information
| Loan Amount | $320,000 | Loan Term | 30 years |
Payment Comparison
| Fixed | ARM | IO-ARM | |
|---|---|---|---|
| Initial Payment | $2,022 | $1,817 | $1,467 |
| Max Payment | $2,022 | $2,857 | $3,429 |
| Total Interest | $407,680 | $522,357 | $647,890 |