Adjustable-Rate Mortgage Analyzer

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Adjustable rate mortgages typically offer home buyers the advantage of having a lower mortgage payment during the initial period of the mortgage. Adjustable rate mortgages are generally offered on a 1, 3, 5 or 7-year basis. Once the initial period expires, the mortgage rate will reset at then current interest rate levels. Depending on the direction interest rates are taking, these resets can result in higher or lower monthly payments to the borrower. This adjustable rate mortgage analyzer will help you understand the implication of your adjustable rate terms by showing what your monthly payment will be under different scenarios.

The information provided by Fintactix's Tools and Content is for illustrative and educational purposes only. The default figures and examples shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results or recommendations made by Fintactix content or calculations. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed. Furthermore, these calculations may not reflect the terms available for any loan, investment or other financial product that may be available at the Licensee website where you use them.