Should I get a fixed-rate or adjustable-rate mortgage?
A fixed rate keeps your principal and interest the same for the whole loan. An adjustable rate (ARM) starts with a fixed period, often 5, 7 or 10 years, and then can change. Fixed is simpler; an ARM can make sense if you expect to move or refinance before it adjusts. ListingCraft for Buyers helps you compare homes by estimated monthly payment.
If you consider an ARM, ask how high the rate and payment could go at the first adjustment and over the life of the loan.