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.
Rates subject to change without notice
If you’re ready, start your online mortgage application now. Otherwise, we have more information available to guide you through the mortgage process.
Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide actual loan details or provide investment/tax advice. We encourage you to seek personalized advice from a Connexus representative regarding all personal finance issues.
1APR = Annual Percentage Rate. Advertised rates reflects all available discounts and is current as of 9/30/2022. 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.
