ARM vs. Fixed Rate Mortgage*
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. Use this calculator to compare a fixed rate mortgage to a Fully Amortizing ARM.
*These calculators are provided by one or more third party service providers. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. Nevada State Bank cannot and does not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes only. Use of these calculators does not constitute an application for, commitment to extend, or approval of, a request for credit. The calculated results are in no way endorsed, offered, or guaranteed by Nevada State Bank, our subsidiaries or affiliates. These calculators do not offer tax, legal, or financial advice. We encourage you to seek personalized advice from qualified professionals regarding all personal financial issues.
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