IO, ARM & Fixed Mortgage Payment Calculator

 

This calculator that will help you to compare a fixed rate mortgage with both fully-amortizing and interest-only adjustable rate mortgages (ARMs).

General Loan Information

Home Price:
Down Payment:
Mortgage loan amount:
Mortgage loan term:

Fixed Rate

Fixed interest rate (%):

Amortizing Adjustable Rate

Beginning interest rate (%):
Number of months before first rate adjustment:
Expected initial adjustment (%):
Number of months between subsequent adjustment:
Expected subsequent adjustments (%):
Interest rate cap (%):

Interest-only Payments

Beginning interest rate (%):
Number of months before first rate adjustment:
Number of months between subsequent adjustment:
Expected initial adjustment (%):
Expected subsequent adjustments (%):
Interest rate cap (%):

Results

Fixed

ARM

IO

Beginning monthly principal and interest payment:
Total monthly payments:
Total interest:
Maximum monthly payment:

Create Amortization Schedules

Loan Origination Date:

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