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  • Adjustable-Rate Mortgage (ARM) vs. Fixed-Rate Mortgage Calculator2020-09-23T14:06:36-05:00

    Adjustable-Rate Mortgage (ARM) vs. Fixed-Rate Mortgage Calculator
    Compare the Monthly Payments of an ARM to a Fixed-Rate Mortgage Over Time

    A fixed rate mortgage has the same payment for the entire term of the loan. An adjustable rate mortgage (ARM) has a rate that can change, causing your monthly payment to increase or decrease. Use this calculator to compare a fixed rate mortgage to a Fully Amortizing ARM.

    Mortgage Loan Rates
    TermRateAPR1Monthly Payment1
    30-year fixed3.125%3.181%$428.38
    20-year fixed3.125%3.205%$560.88
    15-year fixed2.750%2.816%$678.62
    3/3 ARM3.000%3.789%$737.81
    5/1 ARM3.250%3.725%$761.61
    7/3 ARM3.625%3.821%$798.09
    12-year fixed / Rapid Refi4.250%4.300%$798.95
    10-year fixed / Rapid Refi4.000%4.059%$911.21
    8-year fixed / Rapid Refi3.750%3.823%$1,086.60
    Accurate as of 10/26/20201

    Rates subject to change without notice

    Your Next Steps

    If you’re ready, start your online mortgage application now. Otherwise, we have more information available to guide you through the mortgage process.

    Apply Now See More Info

    Disclosures

    1APR = Annual Percentage Rate. Advertised rates reflects all available discounts and is current as of 10/26/2020. Rates and terms subject to change. 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.