Compare your monthly payment under different scenariosAdjustable-rate mortgages typically provide a lower mortgage payment during the initial period of the mortgage and are offered for 1, 3, 5 or 7 years. Once the initial period expires, the mortgage rate will reset at the current interest rate levels. Depending on market factors, these resets can result in higher or lower monthly payments. This calculator will help you understand the implication of your terms.
Disclaimer: The accuracy of these calculators and applicability to your circumstances is not guaranteed. Calculators are not a guarantee of credit. Results should be discussed with a qualified professional before any product purchases or loan commitments are made.
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