Adjustable-Rate Mortgage (ARM) vs. Fixed-Rate Mortgage Calculator2021-12-17T13:36:41-06:00

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.

Mortgage Loan Rates
TermRates As Low AsAPR1Monthly Payment1
30-year fixed4.875%4.938%$529.21
20-year fixed4.625%4.709%$639.42
15-year fixed4.125%4.194%$745.97
3/3 ARM2.990%5.100%$421.06
5/3 ARM3.250%4.844%$435.21
7/3 ARM3.500%4.683%$449.04
12-year fixed/Rapid Refi3.990%4.020%$787.54
10-year fixed/Rapid Refi3.740%3.775%$900.13
8-year fixed/Rapid Refi3.490%3.533%$1,075.82
Accurate as of 5/20/20221

Rates subject to change without notice

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1APR = Annual Percentage Rate. Advertised rates reflects all available discounts and is current as of 5/20/2022. 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.