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Adjustable/Fixed Rates Comparison
Characteristics
Adjustable
Fixed
Loan amount
$
Loan term (years)
Interest rate
Months between adjustments
Maximum rate change/adjustment
Minimum rate
Maximum rate
MONTHLY PAYMENTS:
Total first monthly payment
$
$
Total cost of loan after 3 years
$
$
Total cost of loan after 7 years
$
$
Total cost of loan after 10 years
$
$
Total cost of loan after 20 years
$
$
Total cost of loan
(held to original term)
$
$
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