Which is better: Fixed or adjustable-rate mortgage?

Mortgage Alternatives and Assumptions

Loan amount ($)

	Fixed-Rate Loan (0% to 40%)	Adjustable-Rate Loan (0% to 40%)
(Initial) annual interest rate
Number of years

Index Rate Detail

Current index rate (0% to 40%) help

Lenders margin added to index rate (0% to 40%) help

Index rate adjustment (0% to 200%) help

Number of months between index rate adjustments (1 to 480)

What will rates be doing over the life of the loan: stay same, increase or decrease?

Assumed maximum annual rate adjustment (0% to 200%)

Adjustable Rate Detail

Absolute minimum rate over term of loan (0% to 40%)

Absolute maximum rate over term of loan (0% to 40%)

Number of months before first rate adjustments (1 to 360)

Number of months between rate adjustments (1 to 480)

Comparison Assumptions

Comparison options/cost of money help

(0% to 40%)

Marginal tax bracket (0% to 75%) help

Years to compare total costs: (1 to 40)

Additional Information

Please contact me to discuss further

First Name

Last Name

Email Address

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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