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. An adjustable rate mortgage (ARM) has a rate that can change, causing your monthly payment to increase or decrease.
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Mortgage, home equity and credit products are offered by CapTex Bank. Equal Housing Lender. Deposit products are offered by CapTex Bank. Member FDIC.