With the future of lender regulation unclear after recent changes by the Consumer Financial Protection Bureau, take control of your own financial protection as you shop for a home loan to ensure you’ll be able to pay it for many years.
Hybrid Adjustable Rate Mortgage Arm Interest ARM & Interest Only ARM vs. Fixed Rate Mortgage – ARM & Interest Only ARM vs. Fixed Rate Mortgage Use this calculator to compare a fixed-rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM. A fixed-rate mortgage has the same payment for the entire term of the loan.