Fixed-Rate vs Adjustable-Rate (ARM) Mortgages

Understand the tradeoffs between payment stability and potential rate changes.

Fixed-rate

Same rate and principal/interest payment for the term
Easier budgeting, good for long-term stays

ARM

Lower initial rate; adjusts periodically after fixed intro (e.g., 5/1 ARM)
Best if you expect to move or refinance before adjustments

Estimate payments with the Mortgage Calculator.

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