Which is better: fixed or adjustable?
Fixed
Adjustable
Interest rate
%
%
Loan amount
$
$
Term
Discount
points
%
%
Origination fee
%
%
Upfront costs
$
$
Your state + federal
tax rate
%
Purchase price
$
Yearly
property tax
$
Yearly
property insuranc
e
$
Years before you sell or pay off loan
Your
savings rate
%
Regarding the adjustable rate mortgage
Months before first adjustment
Months between rate adjustments
Maximum rate adjustment
%
Minimum rate
%
Maximum rate
%
Margin
%
Index rate
%
Index rate change per adjustment
%
Months between index adjustments
Predicted change
in rates
Interest rates will remain the same
Interest rates will increase
Interest rates will decrease
