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
| Term | Rates As Low As | APR1 | Monthly Payment1 |
|---|---|---|---|
| 3/3 ARM | 5.990% | 6.596% | $598.91 |
| 5/3 ARM | 6.490% | 6.540% | $631.41 |
| 7/3 ARM | 6.590% | 6.591% | $638.00 |
| 8-year fixed / Rapid Refi | 6.490% | 6.615% | $1,338.13 |
| 10-year fixed / Rapid Refi | 6.590% | 6.692% | $1,140.06 |
| 12-year fixed / Rapid Refi | 6.740% | 6.829% | $1,014.57 |
| 30-year fixed | 5.875% | 5.922% | $591.54 |
| 20-year fixed | 5.750% | 5.813% | $702.08 |
| 15-year fixed | 5.250% | 5.328% | $803.88 |
| Accurate as of 09/20/2024 | |||