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Arm vs Fixed

Fixed
ARM


Created with Highcharts 4.2.5Length of the LoanTotal Interest PaidARM vs Fixed Cost of BorrowingFixedARM0 yrs5 yrs$0$25 000$50 000$75 000$100 000Highcharts.com

You could save up to $8,967 by refinancing in Year 4 Month 12 with the ARM Mortgage
This remains the best choice until Year 7 Month 3


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FixedFixed
YearMonthPaymentsInterestPrincipalBalance
1$1,230$885$344$249,656
2$1,230$884$346$249,310
3$1,230$883$347$248,963
4$1,230$882$348$248,615
5$1,230$881$349$248,266
6$1,230$879$351$247,915
7$1,230$878$352$247,563
8$1,230$877$353$247,210
9$1,230$876$354$246,856
10$1,230$874$356$246,500
11$1,230$873$357$246,143
12$1,230$872$358$245,785
Yr 1$14,758$10,544$4,215$245,785
13$1,230$870$359$245,426
14$1,230$869$361$245,065
15$1,230$868$362$244,703
16$1,230$867$363$244,340
17$1,230$865$364$243,976
18$1,230$864$366$243,610
19$1,230$863$367$243,243
20$1,230$861$368$242,875
21$1,230$860$370$242,505
22$1,230$859$371$242,134
23$1,230$858$372$241,762
24$1,230$856$374$241,388
Yr 2$14,758$10,361$4,397$241,388
25$1,230$855$375$241,013
26$1,230$854$376$240,637
27$1,230$852$378$240,259
28$1,230$851$379$239,880
29$1,230$850$380$239,500
30$1,230$848$382$239,118
31$1,230$847$383$238,735
32$1,230$846$384$238,351
33$1,230$844$386$237,965
34$1,230$843$387$237,578
35$1,230$841$388$237,190
36$1,230$840$390$236,800
Yr 3$14,758$10,170$4,588$236,800
37$1,230$839$391$236,409
38$1,230$837$393$236,016
39$1,230$836$394$235,622
40$1,230$834$395$235,227
41$1,230$833$397$234,830
42$1,230$832$398$234,432
43$1,230$830$400$234,033
44$1,230$829$401$233,632
45$1,230$827$402$233,229
46$1,230$826$404$232,825
47$1,230$825$405$232,420
48$1,230$823$407$232,013
Yr 4$14,758$9,971$4,787$232,013
49$1,230$822$408$231,605
50$1,230$820$410$231,196
51$1,230$819$411$230,785
52$1,230$817$412$230,372
53$1,230$816$414$229,958
54$1,230$814$415$229,543
55$1,230$813$417$229,126
56$1,230$811$418$228,708
57$1,230$810$420$228,288
58$1,230$809$421$227,866
59$1,230$807$423$227,444
60$1,230$806$424$227,019
Yr 5$14,758$9,764$4,994$227,019
61$1,230$804$426$226,593
62$1,230$803$427$226,166
63$1,230$801$429$225,737
64$1,230$799$430$225,307
65$1,230$798$432$224,875
66$1,230$796$433$224,442
67$1,230$795$435$224,007
68$1,230$793$436$223,570
69$1,230$792$438$223,132
70$1,230$790$440$222,692
71$1,230$789$441$222,251
72$1,230$787$443$221,809
Yr 6$14,758$9,548$5,211$221,809
73$1,230$786$444$221,364
74$1,230$784$446$220,919
75$1,230$782$447$220,471
76$1,230$781$449$220,022
77$1,230$779$451$219,571
78$1,230$778$452$219,119
79$1,230$776$454$218,665
80$1,230$774$455$218,210
81$1,230$773$457$217,753
82$1,230$771$459$217,294
83$1,230$770$460$216,834
84$1,230$768$462$216,372
Yr 7$14,758$9,322$5,436$216,372
85$1,230$766$464$215,909
86$1,230$765$465$215,444
87$1,230$763$467$214,977
88$1,230$761$468$214,508
89$1,230$760$470$214,038
90$1,230$758$472$213,566
91$1,230$756$473$213,093
92$1,230$755$475$212,618
93$1,230$753$477$212,141
94$1,230$751$479$211,662
95$1,230$750$480$211,182
96$1,230$748$482$210,700
Yr 8$14,758$9,086$5,672$210,700
 
difference
$-156 Less >
$-156 Less >
$-156 Less >
$-156 Less >
$-155 Less >
$-155 Less >
$-155 Less >
$-155 Less >
$-155 Less >
$-154 Less >
$-154 Less >
$-154 Less >
$-1,861 Less >
$-154 Less >
$-153 Less >
$-153 Less >
$-153 Less >
$-153 Less >
$-152 Less >
$-152 Less >
$-152 Less >
$-152 Less >
$-152 Less >
$-151 Less >
$-151 Less >
$-1,828 Less >
$-151 Less >
$-151 Less >
$-150 Less >
$-150 Less >
$-150 Less >
$-150 Less >
$-149 Less >
$-149 Less >
$-149 Less >
$-149 Less >
$-148 Less >
$-148 Less >
$-1,795 Less >
$-148 Less >
$-148 Less >
$-148 Less >
$-147 Less >
$-147 Less >
$-147 Less >
$-147 Less >
$-146 Less >
$-146 Less >
$-146 Less >
$-146 Less >
$-145 Less >
$-1,760 Less >
$-145 Less >
$-145 Less >
$-144 Less >
$-144 Less >
$-144 Less >
$-144 Less >
$-143 Less >
$-143 Less >
$-143 Less >
$-143 Less >
$-142 Less >
$-142 Less >
$-1,723 Less >
< Less$236
< Less$236
< Less$236
< Less$235
< Less$235
< Less$234
< Less$234
< Less$233
< Less$233
< Less$232
< Less$232
< Less$232
< Less$2,808
< Less$416
< Less$415
< Less$414
< Less$413
< Less$413
< Less$412
< Less$411
< Less$410
< Less$409
< Less$408
< Less$407
< Less$407
< Less$4,935
< Less$586
< Less$585
< Less$583
< Less$582
< Less$581
< Less$580
< Less$578
< Less$577
< Less$576
< Less$575
< Less$573
< Less$572
< Less$6,948
ARMARM
YearPaymentsInterestPrincipalBalance
1$1,123$729$344$249,656
2$1,123$728$346$249,310
3$1,123$727$347$248,963
4$1,123$726$348$248,615
5$1,123$725$349$248,266
6$1,123$724$351$247,915
7$1,123$723$352$247,563
8$1,123$722$353$247,210
9$1,123$721$354$246,856
10$1,123$720$356$246,500
11$1,123$719$357$246,143
12$1,123$718$358$245,785
Yr 1$13,471$8,683$4,215$245,785
13$1,123$717$359$245,426
14$1,123$716$361$245,065
15$1,123$715$362$244,703
16$1,123$714$363$244,340
17$1,123$713$364$243,976
18$1,123$712$366$243,610
19$1,123$711$367$243,243
20$1,123$709$368$242,875
21$1,123$708$370$242,505
22$1,123$707$371$242,134
23$1,123$706$372$241,762
24$1,123$705$374$241,388
Yr 2$13,471$8,532$4,397$241,388
25$1,123$704$375$241,013
26$1,123$703$376$240,637
27$1,123$702$378$240,259
28$1,123$701$379$239,880
29$1,123$700$380$239,500
30$1,123$699$382$239,118
31$1,123$697$383$238,735
32$1,123$696$384$238,351
33$1,123$695$386$237,965
34$1,123$694$387$237,578
35$1,123$693$388$237,190
36$1,123$692$390$236,800
Yr 3$13,471$8,376$4,588$236,800
37$1,123$691$391$236,409
38$1,123$690$393$236,016
39$1,123$688$394$235,622
40$1,123$687$395$235,227
41$1,123$686$397$234,830
42$1,123$685$398$234,432
43$1,123$684$400$234,033
44$1,123$683$401$233,632
45$1,123$681$402$233,229
46$1,123$680$404$232,825
47$1,123$679$405$232,420
48$1,123$678$407$232,013
Yr 4$13,471$8,212$4,787$232,013
49$1,123$677$408$231,605
50$1,123$676$410$231,196
51$1,123$674$411$230,785
52$1,123$673$412$230,372
53$1,123$672$414$229,958
54$1,123$671$415$229,543
55$1,123$669$417$229,126
56$1,123$668$418$228,708
57$1,123$667$420$228,288
58$1,123$666$421$227,866
59$1,123$665$423$227,444
60$1,264$663$424$227,019
Yr 5$13,613$8,041$4,994$227,019
61$1,264$1,041$426$226,593
62$1,264$1,039$427$226,166
63$1,264$1,037$429$225,737
64$1,264$1,035$430$225,307
65$1,264$1,033$432$224,875
66$1,264$1,031$433$224,442
67$1,264$1,029$435$224,007
68$1,264$1,027$436$223,570
69$1,264$1,025$438$223,132
70$1,264$1,023$440$222,692
71$1,264$1,021$441$222,251
72$1,525$1,019$443$221,809
Yr 6$15,430$12,356$5,211$221,809
73$1,523$1,201$444$221,364
74$1,523$1,199$446$220,919
75$1,523$1,197$447$220,471
76$1,523$1,194$449$220,022
77$1,523$1,192$451$219,571
78$1,523$1,189$452$219,119
79$1,523$1,187$454$218,665
80$1,523$1,184$455$218,210
81$1,523$1,182$457$217,753
82$1,523$1,179$459$217,294
83$1,523$1,177$460$216,834
84$1,650$1,175$462$216,372
Yr 7$18,401$14,257$5,436$216,372
85$1,647$1,352$464$215,909
86$1,647$1,349$465$215,444
87$1,647$1,347$467$214,977
88$1,647$1,344$468$214,508
89$1,647$1,341$470$214,038
90$1,647$1,338$472$213,566
91$1,647$1,335$473$213,093
92$1,647$1,332$475$212,618
93$1,647$1,329$477$212,141
94$1,647$1,326$479$211,662
95$1,647$1,323$480$211,182
96$1,647$1,320$482$210,700
Yr 8$19,769$16,034$5,672$210,700