Mortage with Calculator
% ($3,280)
30 Years (360 Mo)
24 Months (2 Years)
12 Months

Adjustable Rate Mortgage Calculator

There are many different types of ARM mortgages. Typically, the majority of terms are based off 30 year loans. Usually every ARM has a fixed period that can last 1, 3, or even 10 years in some cases. After the fixed period is over, then the interest rate on the mortgage is free to adjust. The majority of adjustable rate mortgages will adjust or reset every 12 months. This adjustable rate mortgage calculator can show you examples of how much payments will change.

Principle Balance

This is the amount of money you will owe on the mortgage. This number does not include the down payment you put down, just the number that you owe the lender.

Initial Interest Rate

This is the initial rate on your ARM mortgage. Please remember that interest rates on adjustable rate mortgages can change after the teaser period is over.

Length of Loan

This is the total number in years of your loan. Most mortgages are either 30 or 15 years. Our calculator allows you to select different terms.

Adjustment Rate

After the teaser period has ended, your mortgage rate can adjust. This new number will represent your new interest rate. Remember in an ARM, your rate could go up or down.

Months Before Adjustment

ARM mortgages will adjust after the teaser period is over. You can select options here in years.

Periods Between Adjustments

After the initial adjustment, most ARM mortgages will then adjust every 12 months, or once every year.

Remember that mortgage rates can change quickly. Borrowers who are interested in adjustable-rate mortgages should understand the risk in the loan.