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 ARM6.290%7.401%$618.32
5/3 ARM6.540%7.152%$634.70
7/3 ARM6.790%7.169%$651.26
8-year fixed / Rapid Refi6.540%6.666%$1,340.59
10-year fixed / Rapid Refi6.640%6.743%$1,142.62
12-year fixed / Rapid Refi6.740%6.829%$1,014.57
30-year fixed6.625%6.674%$640.31
20-year fixed6.375%6.439%$738.23
15-year fixed6.250%6.330%$857.42
Accurate as of 06/22/2024