IMPORTANT: As part of our ongoing commitment to protect our client data, we are upgrading the security on our web servers on Tuesday, June 23. This upgrade will affect access to our digital services for those using outdated systems. To see how you can be prepared for this update, please click here. Thank you, Zions Bank.
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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