ARM vs. Fixed Rate Mortgage Calculator

Compare a fixed rate option with an adjustable rate mortgage loan

Is an Adjustable Rate or Fixed Rate Mortgage the Better Option for You?

This calculator helps you get a general estimate. For a more personalized experience for your specific budget, try our Home Insight© Planner.

 
 

FAQ

You’ll enter your purchase price, down payment amount and expected years in the home.

You can also expand the other sections (Fixed Rate Loan, Adjustable Rate Loan, Adjustment Terms and Taxes & Insurance) to edit any additional fields, if you know the amounts.

Based on your information, the calculator will tell you which rate option will save you money, and how much money it’ll save over the number of years you expect to stay in the home.

If your loan is fixed rate, you’re charged the same amount of interest for borrowing the money over the full term of the loan. This allows your monthly payments to stay the same.

If your loan is adjustable rate, the amount of interest you’re charged can change during the loan term. 

Interest rate is based on a combination of market and personal factors – the current economy, your credit score and how you’ll use the property.

Mortgage rates can change daily. Check current mortgage rates.

Other Calculators You Might Be Interested In

Fixed vs. Adjustable Rate

How Much Should I Put Down on a New Home?

See All Mortgage Calculators

Next Steps

Try the Home Insight® Planner

Set your budget. Search for homes. Save your favorites.

Are You Ready to Start your Preapproval?

Prepare your Finances & Start a Preapproval

More Mortgage Resources

PNC’s Affordable Lending Road Show: Helping Make Home Ownership Possible.

PNC's Affordable Lending Road Show visits 33 cities in 2023 to offer homebuyers the insights and products needed to succeed in their home buying journey.

3 min read

What Are Mortgage Points and Can They Help You Save?

Some homebuyers pay mortgage points to lower their interest rate and save over the life of their loan. See if this strategy might make sense for you.

4 min read

Contingent vs. Pending: Understanding the Differences

If you're shopping for a home, you'll likely encounter the terms "contingent" and "pending." Find out what they mean and how they impact your buying journey.

5 min read

Have questions?

 We're here to help!

Give Us a Call

Talk with a Home Lending Center representative about your options.

Mon – Thurs: 8am – 10pm ET
Fri: 8am – 6pm ET
Sat – Sun: 8am – 5pm ET

We Can Call You

Help us understand your needs, fill out a contact form and we'll get in touch.

Find a Mortgage Loan Officer

Find a local Mortgage Loan Officer to work with.