Adjustable-Rate Mortgage (ARM) vs. Fixed-Rate Mortgage Calculator

Two common types of home loans are fixed-rate and adjustable-rate. A fixed-rate mortgage carries the same interest rate and payment for the entire term. An adjustable-rate mortgage (ARM) has a rate that can change, causing your monthly payment to increase or decrease. Use the calculator below to compare the monthly payments of a fixed-rate mortgage to an ARM.

View today’s mortgage rates
Mortgage Loan Rates
TermRates As Low AsAPR1Monthly Payment1
3/3 ARM5.490%6.722%$567.16
5/3 ARM5.740%6.448%$582.94
7/3 ARM5.990%6.442%$598.91
8-year fixed / Rapid Refi5.590%5.660%$1,294.27
10-year fixed / Rapid Refi5.490%5.547%$1,084.77
12-year fixed / Rapid Refi5.490%5.539%$949.66
30-year fixed5.6265%5.692%$575.75
20-year fixed5.500%5.587%$687.89
15-year fixed4.875%4.945%$784.30
Accurate as of 02/01/2023


1APR = Annual Percentage Rate. Advertised rate reflects all available discounts and is current as of 02/01/2023. 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.