Loan amount
          $                                 $                                   Term (years)
                                                                              Discount points
                                %                                 %             Origination fee
                                %                                 %             Upfront costs
          $                                 $                                   
   
  
 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
 
The adjustable rate loan will cost you $10,265 less than the fixed rate loan.           
    
   
  Fixed Adjustable
            Principal And Interest
         $632          $463            Taxes and insurance
         $183          $183            Mortgage insurance
         $0          $0                  
            Total initial payment

         $815          $646   
     
  The line graph, above, shows the point in the loan term where the amount of monthly payments for the ARM loan may equal or exceed the payments on the fixed-rate loan. This point is determined by two factors: your prediction for future interest rates and the criteria used to reset the ARM loan rate. The fixed rate loan payment is shown as a horizontal line.  

  The line graph, above, shows the total costs for each loan over the loan term. Total costs include mortgage interest and closing costs.  
        
  If the rate on an ARM loan is lower over the loan term than the fixed rate, you will pay less interest than with the fixed-rate loan. If the rate on the ARM loan rises to a rate that is higher than the fixed rate, however, you may pay more in interest on the ARM loan.    
     
  The line graph, above, shows the difference in total costs between the ARM and fixed-rate loans over the loan term. Total costs include mortgage interest and closing costs.