Which is better: fixed or adjustable?
Fixed
Adjustable
Interest rate
Interest Rate
%
Home loan adjustable rate
%
Loan amount
$
Home Loan Amount
$
Loan amount (adjustable)
Term (years)
Home Loan Term in Years
Term of loan (adjustable)
Origination Charge
$
Origination Charge
$
Origination Charge Amount
Charge For Specific Interest Rate
Discount Points
%
Discount points (adjustable)
%
Other settlement services
$
Other Settlement Costs
$
#N/A
Your state + federal tax rate
Tax rate
%
Purchase price
$
Home Value
Yearly property tax
$
Yearly Property Tax
Yearly property insurance
$
Yearly Property Insurance
Years before you sell or pay off loan
Years Before Selling or Loan Payoff
Your savings rate
Rate earned on savings
%
Regarding the adjustable rate mortgage
Months before first adjustment
Months before first rate adjustment
Months between rate adjustments
Months between rate adjustments
Maximum rate adjustment
Maximum rate changed allowed per adjustment
%
Minimum rate
Minimum rate
%
Maximum rate
Maximum rate
%
Margin
Margin
%
Index rate
Index rate
%
Index rate change per adjustment
Index rate change per adjustment
%
Months between index adjustments
Months between index adjustments
Predicted change in rates
Interest rates will remain the same
Interest rates will increase
Interest rates will decresase