Questions? 800-964-3444, www.efirstbank.com

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.
 
  Interest Rate Monthly Payments Terms  

Fixed Rate

  Stays the same for the life of the loan. Typically higher initial payments than an adjustable rate mortgage. 30, 15, 10, 7,or 5 year loan terms. Rate fixed for entire loan term. Get Rates

Adjustable Rate

  May increase or decrease over the life of the loan. Typically lower initial payments than a fixed rate mortgage. 30 or 15 year loan terms. Rate fixed for 7 or 5 years. Get Rates
 

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

Mortgage Rate and Payment Calculator

Find a Location


Moving? »
 
Bookmark and Share