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. LIBOR, which stands for the London InterBank Offered Rate, is an index set by a group of London based banks, and sometimes used as a base for U.S. adjustable rate mortgages. This calculator compares a fixed rate mortgage to a LIBOR ARM.
Zip Code Verification
The products we offer may differ between geographical locations. Please enter your zip code so we can determine the services, rate ands terms that apply to products in your area.
Mortgage, home equity and credit products are offered by First National Bank of Trenton. Equal Housing Lender. Deposit products are offered by First National Bank of Trenton. Member FDIC.