Adjustable vs. Fixed-Rate Payment Calculator

Deciding which mortgage is best for you? Compare the monthly payments of a fixed-rate mortgage and an ARM.

Today’s mortgage rates

Mortgage Loan Rates
TermRates As Low AsAPR‍1Monthly Payment‍1
3/3 ARM5.990%7.491%$598.91
5/3 ARM6.240%7.169%$615.07
7/3 ARM6.490%7.121%$631.41
8-year fixed / Rapid Refi6.540%6.646%$1,340.59
10-year fixed / Rapid Refi6.640%6.726%$1,142.62
12-year fixed / Rapid Refi6.740%6.815%$1,014.57
30-year fixed7.000%7.051%$665.30
20-year fixed7.000%7.066%$775.30
15-year fixed6.500%6.581%$871.11
Accurate as of 04/24/2024

Disclosures

  1. APR = Annual Percentage Rate. Advertised rate reflects all available discounts and is current as of 04/24/2024. 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.