The ARM vs Fixed calculator will compare both loan types and show your customer which one will be the best option for them.
- Under Enter Loan Info enter: the loan amount, term, the annual fixed interest rate, ARM term, annual adjustable interest rate and the rate adjustments in the future.
- Click Calculate and Compare to generate the loan comparison.
A Loan Comparison of the two types of loans will generate, summarizing the Loan Amount, Number of Payments, Annual Rate, APR and Monthly P & I.
Go to the next article to learn more about your ARM vs Fixed Calculator's results.