Adjustable vs. Fixed Rate

The information below is intended to help you decide whether a fixed rate mortgage or an adjustable rate mortgage is right for you.

Fixed Rate

Interest rates stays the same for the life of the loan.

Monthly payments typically higher initial payments than an adjustable rate mortgage.

30, 15, 10, 7,or 5 year loan terms. Rate fixed for entire loan term.

Adjustable Rate

Interest rates may increase or decrease over the life of the loan.

Monthly payments typically lower initial payments than a fixed rate mortgage.

30 or 15 year loan terms. Rate fixed for 7 or 5 years.

Our mortgage specialists can help you find the mortgage that is right for you.

Mortgage Rate and Payment Calculator

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