ARM vs Fixed Calculator

Compare an adjustable intro payment against a 30-year fixed.

Loan amount$700,000

30-yr fixed rate6.500%

ARM intro rate (e.g. 7/6)5.750%

Intro-period monthly savings

$339/mo

Fixed payment (P&I)$4,424

ARM intro payment (P&I)$4,085

Est. savings over 7 yrs$28,515

After the intro period an ARM can adjust up. Weigh the savings against how long you’ll keep the loan.

For illustration only. Not a loan offer, approval, or rate lock. Actual terms depend on your full application and underwriting. NMLS #362311.

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