Unlike fixed rate mortgages, the payments on an adjustable rate mortgage will vary as interest rates change. See how interest rate assumptions will impact your monthly payments and the total interest paid over the life of the loan.
Mortgage Assumptions
Loan amount ($)
Initial interest rate: (%)
Number of months: (30yrs=360)
Adjustable Rate Detail
Absolute minimum rate over term of loan: (%)
Absolute maximum rate over term of loan: (%)
Number of months before first rate adjustments
Number of months between rate adjustments
What will rates be doing over the life of the loan: stay same, increase or decrease?
Stay the same
Increasing
Decreasing
Assumed rate adjustment: (%)
Submit
Calculated results are estimates for illustrative purposes only. Actual savings and payments results will depend on the terms, amounts, and rate in your account. The calculator result does not constitute an offer for a loan; does not account for creditworthiness or other loan eligibility factors; and does not account for all fees or insurance that may apply. The calculator does not constitute a guaranteed financial outcome.