It is a difficult decision to decide between a fixed and an adjustable-rate mortgage. Factors such as loan duration, the index used by the lender, the number and timing of rate adjustments, and your assumption about the increase/decrease of future interest rates all have an impact. Use this calculator to help compare the total cost of each alternative.
These calculators are for information, education, and entertainment purposes only. It is your responsibility to evaluate the merits and risks associated with relying on any information provided.
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