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Fixed Rate vs. ARM Calculator
This tool allows you to compare the monthly payment for Fixed Rate Mortgage and an Adjustable Rate Mortgage (ARM).
Basic Loan Information
ARM Variables
Loan Amount
$
Months Before First Adjustment
Months
Term
1
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40
Years
Months Between Adjustments
Months
Fixed Rate Variable
Expected Adjustment Rate
%
Interest Rate
%
Initial Interest Rate
%
Maximum Interest Rate
%
Independent Bank Mortgage
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