Site Map | Contact Us

Home Our Loan Process More Ways We Can Help About Lend America

Get started online with
our easy loan process!

	Reasons You Are Here
• I am tired of renting • I have bad credit but want to buy • I'm nervous about my adjustable rate • I want to lower my payment • I want to pay off my house sooner • I need help with a downpayment • I want more info about Liberty Grant • I want to reduce my debt
	Top Loan Challenges
	HomeFree™ Mortgage Analysis
	Home Improvement Makeover
	Buy a HUD Foreclosure
	Liberty Grant Downpayment
	Mortgage Calculators
	Loan Glossary
	Frequently Asked Questions
	Career Opportunities
	See Our TV Shows



	Start now and close by: August 02

Which is Better:
Fixed or Adjustable-Rate Mortgage?

It is a difficult decision to decide between a fixed and an adjustable-rate mortgage. Factors such as loan duration, the index used by the lender, the number and timing of rate adjustments, and your assumption about the increase/decrease of future interest rates all have an impact. Use this calculator to help compare the total cost of each alternative.

Mortgage Alternatives and Assumptions

Loan amount

Fixed-Rate Loan	Adjustable-Rate Loan
		(Initial) annual interest rate: (%)

		Number of years

Index Rate Detail

Current index rate: (%)

Lenders margin added to index rate: (%)

Index rate adjustment: (%)

Number of months between index rate adjustments

What will rates be doing over the life of the loan: stay same, increase or decrease?

Assumed maximum annual rate adjustment: (%)

Adjustable Rate Detail

Absolute minimum rate over term of loan: (%)

Absolute maximum rate over term of loan: (%)

Number of months before first rate adjustments taxes

Number of months between rate adjustments

Comparison Assumptions

Comparison options/cost of money: (%)

Marginal tax bracket: (%)

Years to compare total costs

This information may help you analyze your financial planning needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.


Proud sponsor of the NHRA



Equal Housing Lender	Refinance Center \| Debt Consolidation \| Home Purchase Center Downpayment & Closing Cost Assistance \| Top Loan Challenges Privacy Policy \| Licensing and Disclosures \| New & Press Releases ®2008 LA and Lend America. Trade/service marks are the property of Lend America and/or its subsidiaries. All rights reserved. Corporate Headquarters, 520 Broadhollow Rd, Melville, NY 11747

Which is Better: Fixed or Adjustable-Rate Mortgage?

Which is Better:
Fixed or Adjustable-Rate Mortgage?