Adjustable vs. Fixed-Rate Payment CalculatorDeciding which mortgage is best for you? Compare the monthly payments of a fixed-rate mortgage and an ARM. Today’s mortgage rates Mortgage Loan RatesTermRates As Low AsAPR1Monthly Payment13/3 ARM5.990%7.491%$598.915/3 ARM6.240%7.169%$615.077/3 ARM6.490%7.121%$631.418-year fixed / Rapid Refi6.540%6.646%$1,340.5910-year fixed / Rapid Refi6.640%6.726%$1,142.6212-year fixed / Rapid Refi6.740%6.815%$1,014.5730-year fixed7.000%7.051%$665.3020-year fixed7.000%7.066%$775.3015-year fixed6.500%6.581%$871.11Accurate as of 05/04/2024 DisclosuresAPR = Annual Percentage Rate. Advertised rate reflects all available discounts and is current as of 05/04/2024. Rates and terms subject to change. Rates based on a loan amount of $100,000. ARM rates based on a loan amount of $100,000. Loan is subject to credit approval and actual rate is based on applicant’s credit history and term of loan. Credit Union membership necessary. Separate payment of taxes and insurance may be required. Products not available in Maryland. + Expand