Which is better: fixed or adjustable?
Fixed
Adjustable
Interest rate
%
%
Loan amount
$
$
Term (years)
Origination Charge
$
$
Charge For Specific Interest Rate
%
%
Other settlement services
$
$
Your state + federal tax rate
%
Purchase price
$
Yearly property tax
$
Yearly property insurance
$
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 decresase