ARM vs Fixed Rate Mortgage

Use this calculator[cite::620::cite] to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM. A fixed rate mortgage has the same payment for the entire term of the loan. An adjustable rate mortgage (ARM) has a rate that can change, causing your monthly payment to increase or decrease.

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For more information about these these financial calculators please visit: Dinkytown Financial Calculators from KJE Computer Solutions, LLC

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