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Financial Calculators , Mortgage Calculators: Fixed Mortgage, Adjustable Rate Mortgages ARM, Mortgage APR Calculators and More! Financial Calculators you can put on your website! Colorful, interactive, graphing financial calculators. Free downloads! Calculator Trial Period Ended For:, KJE Calculator License Not Found for:, Free Financial Calculators

Option ARM Calculator

Use the Option ARM Calculator to compare a fixed rate mortgage to an Option ARM. A fixed rate mortgage has the same payment for the entire term of the loan. The Option ARM uses a low initial rate to calculate your initial minimum monthly payment. Although the interest rate will increase after 1 to 3 months, your low payment will remain fixed for the entire year. This can produce a much lower monthly payment than a traditional fixed rate mortgage, or even an adjustable rate mortgage (ARM).