Adjustable vs. Fixed Loan Rate Estimator Common Loan Details Loan Amount Loan Term (Years) Currency Symbol Fixed Rate Loan Annual Interest Rate (%) Adjustable Rate Loan (ARM) Initial Annual Interest Rate (%) Initial Fixed Period (Years) Adjustment Frequency (Years) Estimated Rate Change per Adjustment (%) ?Enter your best estimate for the average rate change (positive or negative) each time the rate adjusts after the initial period. This is a projection. Lifetime Rate Cap (%) ?The maximum interest rate the loan can ever reach. Example: If initial rate is 5% and cap is 10%, the rate will never exceed 10%. Periodic Rate Cap (%) (Optional) ?The maximum the rate can increase OR decrease at each adjustment period. Leave blank if not applicable. Calculate Comparison Comparison Results Fixed Rate Loan Estimate Monthly Payment (P&I): Total Principal Paid: Total Interest Paid: Total Cost (Principal + Interest): Adjustable Rate Loan Estimate Initial Monthly Payment (P&I): Estimated Max Monthly Payment (P&I): ?Highest estimated payment based on lifetime cap and adjustment simulation. Actual payments may vary. Total Principal Paid: Estimated Total Interest Paid: ?Based on the estimated rate changes provided. Actual total interest will depend on future market rates. Estimated Total Cost (Principal + Interest): Download Results as PDF
