Interest-Only ARM vs Fixed

Interest-Only ARM vs. Fixed-Rate Mortgage

Compare an interest-only adjustable-rate mortgage to a traditional fixed-rate loan.

Loan amount ($)

Fixed rate (%)

ARM initial rate (%)

ARM adjusted rate (%)

Interest-only period (years)

Comparison period (years)

Fixed payment

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ARM interest-only payment

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ARM payment after IO

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Fixed total cost

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ARM total cost

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