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CloseFixed Rate vs. Adjustable Rate Mortgage. Find which one is right for you.

Are you curious about the differences between a Fixed and Adjustable Rate Mortgage? This handy calculator can help you understand your mortgage options so you can decide which loan is right for you.

Here are the big differences:

With a Fixed Rate Mortgage, your monthly principal and interest payments will be steady, while with an Adjustable Rate Mortgage (ARM), your payments can vary over time. Adjustable Rate Mortgages typically have an initial fixed-rate that is usually lower than that of a comparable Fixed Rate mortgage; however after the fixed-rate period expires, the interest rate becomes adjustable.

Remember — This calculator is provided as a helpful starting point for your mortgage research. The results are based upon your responses and are in no way a replacement for a consultation with an experienced loan officer or your financial advisor. To speak with one of our loan officers, please call 866-997-7359.

How many years do you expect to stay in your next home?

Consider possible relocation for a job and lifestyle changes, such as a growing family, downsizing of home, etc.

Please enter a number of years between 1 and 99.
Next

Is it likely that you will refinance or pay off your loan in ?

Yes
No
Previous

How many years do you anticipate it will be before you refinance or will be able to pay off this mortgage?

Please enter a number of years between 1 and 99.
Next
Previous

A might be a good solution for you.

Our reasoning behind this recommendation.

You expect to have this mortgage for more than 10 years, which is too long to make a reasonable prediction about where interest rates will go. So, it's best for you to go with a fixed rate mortgage, which will ensure that your interest rate will never change. And should interest rates go down, you may have the option of refinancing your mortgage. Ask a loan officer for more details on a Fixed Rate Mortgage.

Learn more about Fremont Bank's Fixed Rate Mortgage

Our reasoning behind this recommendation.

1. You've told us that you plan to remain in your home for . 1. You've told us that you are likely to refinance or otherwise pay off the mortgage on your home within .
2. A remains at a fixed rate for , then adjusts every year after that.
3. Since you'll have the mortgage for only the fixed period, you'll get the benefit of the ARM's lower rate without the downside of the possible rate increase. Ask a loan officer for more details on an Adjustable Rate Mortgage.

Learn more about Fremont Bank's Adjustable Rate Mortgages.


Remember — This calculator is provided as a helpful starting point for your mortgage research. The results are based upon your responses and are in no way a replacement for a consultation with an experienced loan officer or your financial advisor. To speak with one of our loan officers, please call 866-997-7359.


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Fremont Bank provides the resources you need to check the status of your loan, find out how to get pre-approved for a loan, review options regarding your loan payment and view informative videos.

 
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Check Loan Status and Upload Documents

Check the status of your loan and upload documents online.

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For all other loan application inquiries, please call us at 800-359-BANK (2265), Monday - Friday, 8:00am to 7:00pm Pacific Time (PT), and Saturday 9:00am to 2:00pm PT. Or if you'd prefer, you can always email us at Loans@fremontbank.com.

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Is a HELOC Right For You?

There are several different factors which determine the amount you can borrow and at what interest rate. Use this calculator to help you estimate what your monthly payment could be on a Home Equity Line of Credit.

Find Your HELOC

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Too Much High-Interest Debt?

A Home Equity Line of Credit can be used to consolidate high-interest debt such as credit cards or installment loans into a single monthly payment. Try our Debt Consolidation Calculator to see if a HELOC is right for you.

Calculate Your Payments

First Time Home Buyer Seminars

Attend one of our upcoming free seminars to learn how to buy a home with less than 20% down payment with no Private Mortgage Insurance. Click a link below to RSVP.

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Pre-qualification vs. Pre-approval

What’s the difference between Pre-qualification and Pre-approval?

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Document Checklist
Required Document Checklists

Checklists of the documents we need for processing your mortgage loan application.

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Loan Payment Help

Trouble paying your mortgage? Let us help determine which solutions you may qualify for.

Review Your Options

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Notice of Errors and
Requests for Information

You have certain rights under Federal law related to resolving errors and requesting information about your mortgage loan.

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