When you choose a mortgage with an adjustable rate, you often benefit from a lower initial interest rate that lasts for a certain period of time. After that, the rate adjusts, either up or down, depending on market conditions. ARMs are helpful if you want lower monthly payments at the beginning or if you want to buy a house that's slightly out of your budget, but the payments aren't fixed. This calculator helps you figure out how the rate adjustments could impact your finances over time.
[Skip to Content]

Adjustable Rate Mortgage Calculator

Adjustable rate mortgages can provide attractive interest rates, but your payment is not fixed. This calculator helps you to determine what your adjustable mortgage payments may be.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.