Loan Cost Comparison (USD)
| Metric |
Fixed-Rate Loan |
Adjustable-Rate Loan (ARM) - Your Scenario |
| Regular/Initial Payment |
$0.00 |
$0.00 |
| Example ARM Payment (1st Adj.) |
N/A |
$0.00 |
| Example ARM Payment (2nd Adj.) |
N/A |
$0.00 |
| Max Payment Encountered (ARM) |
N/A |
$0.00 |
| Total Interest Paid |
$0.00 |
$0.00 |
| Total Amount Repaid |
$0.00 |
$0.00 |
| Loan Payoff Date |
N/A |
N/A |
Understanding ARM Calculations: The Adjustable-Rate Loan figures are based on YOUR scenario for future interest rates. Actual future rates are unknown and can differ significantly. This tool applies the periodic and lifetime caps you entered to your scenario rates. ARMs offer lower initial rates but come with the risk of payment increases ("payment shock") if rates rise. Fixed-rate loans offer payment stability.
