Use this ARM calculator to estimate your initial adjustable mortgage payment.

This mortgage payment calculator provides customized information based on the information you provide. But, it assumes a few things about you. For example, that you’re buying a single-family home as your primary residence. This calculator also makes assumptions about closing costs, lender’s fees and other costs, which can be significant.

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Learn more about ARM loans and other mortgages.

What is an adjustable-rate mortgage?

An adjustable-rate mortgage (ARM) is a home loan that starts out with a fixed interest rate, but after a period that rate becomes variable. They are also called variable-rate mortgages or floating mortgages.  

Should you choose an ARM or a fixed-rate mortgage?

Wondering about the differences between an ARM loan and a fixed-rate mortgage? We’ll go through the pros and cons for each so you can decide which one is best for you.  

Check out today’s mortgage rates.

Interest rates vary depending on the type of mortgage you choose. See the differences and how they can impact your monthly payment.

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Get answers to frequently asked questions about adjustable-rate mortgages.

ARM loans often begin with a fixed-rate period that typically lasts from 5 to 10 years. After that initial period, the interest rate changes (or adjusts) periodically. The variable rate fluctuates based on a reference interest rate (for U.S. Bank, the predetermined ARM index used is either the Secured Overnight Financing Rate or the U.S. Treasury rate as published in the Wall Street Journal), plus a set amount of interest above that index (called the ARM margin).

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Disclosures

Calculators are provided by Leadfusion. This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect U.S. Bank product terms. The information cannot be used by U.S. Bank to determine a client's eligibility for a specific product or service. All financial calculators are provided by the third-party Leadfusion and are not associated, controlled by or under the control of U.S. Bank, its affiliates or subsidiaries. U.S. BANK is not responsible for the content, results, or the accuracy of information.

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC.

Conforming ARM loans: Adjustable-rate loans and rates are subject to change during the loan term. That change can increase or decrease your monthly payment. The annual percentage rate (APR) calculation assumes a $464,000 loan with a 25% down payment and borrower-paid finance charges of 0.862% of the loan amount, plus origination fees if applicable. If the down payment is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the APR. Conforming rates are for loan amounts not exceeding $806,500 ($1,209,750 in Alaska and Hawaii).

Estimated monthly payment and APR calculation are based on a fixed-rate period of seven years that could change in interest rate each subsequent year for the next 23 years, a down payment of 20% and borrower-paid finance charges of 0.862% of the base loan amount, plus origination fees if applicable. After the seven-year introductory period: the APR is variable and is based upon an index plus a margin. The APR will vary with a predetermined index as published in the Wall Street Journal. If the down payment is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the APR. Estimated monthly payment does not include amounts for taxes and insurance premiums. Adjustable-rate loans and rates are subject to change during the loan term. That change can increase or decrease your monthly payment.

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