Home Information Home purchase price? $ Down payment? $ Annual property tax? $ Monthly HOA dues? $ Annual home insurance? $ Loan Information Loan term (years)? Interest rate? %Adjustment Terms Annual rate adjustment? % Years to 1st adjustment? Adjustment period? Maximum interest rate? % Minimum interest rate? % Printer-friendly version Initial Payment Information Loan Amount Principal & Interest Property Taxes Insurance HOA Fees Total Payment Chart TableEmail Results First Name Last Name Email Address Phone Number Submit 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.