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Fixed Rate Mortgage vs. LIBOR ARM

The LIBOR rate is no longer available for use. This calculator is available for reference only. LIBOR, which stands for the London InterBank Offered Rate, was an index set by a group of London based banks, and sometimes used as a base for U.S. adjustable rate mortgages.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.