Interest Cost Calculator (9a)
Fixed Rate Mortgage Versus ARM With No-Negative Amortization
Who This Calculator is For: Borrowers trying to decide whether they should select
an adjustable rate mortgage (ARM) without negative amortization or a fixed
rate mortgage (FRM) based on the lowest after-tax interest cost.
What This Calculator Does:This calculator compares the interest cost on an
ARM without negative amortization and an FRM, taking account of all financing
costs, before and after taxes, over expected holding periods chosen by the user.