Introduction

There are numerous types of loan programs, but most of them fall into two types: fixed rate and adjustable rate loans. You can use the calculator to explore the various mortgage programs until you find one that best suits your needs.
The right type of mortgage for you depends upon:

• Your current financial situation

• How soon you expect your financial situation to change

• How long you intend to keep your house

• How important it is that your mortgage payment remain the same amount