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Fixed vs. Adjustable-Rate Mortgages

What you can do next

  • Are you looking to purchase a new home, investment or vacation property? Schwab Bank and Quicken Loans® can help you find a loan that makes sense for you.
  • Find out more about Schwab Bank’s home lending program offered and provided by Quicken Loans, or todays rates.
  • You may also qualify for Investor Advantage Pricing from Schwab Bank4—interest rate discounts on eligible home loans.
  • Call 877-518-5227 (Mon.–Fri., 8 a.m.–9 p.m. ET; Sat., 8 a.m.–4 p.m. ET) to learn more.

Important Disclosures

1This graphic illustration is solely for informational purposes and does not purport to address the financial objectives, situation or specific needs of any individual reader.

2Your interest rate and monthly payments may increase after the initial fixed-rate period ends.

3Source: Sean Becketti, “Why America’s Homebuyers & Communities Rely on the 30-Year Fixed-Rate Mortgage,”, 04/10/2017. Note: This graph is historical in nature and reflective of the economic and interest-rate environments of that time.

4For Investor Advantage Pricing: Only one discount eligible per loan. Discounts available for all Adjustable-Rate Mortgage (ARM) loan sizes, and selected Jumbo Fixed-Rate loans. Discount for ARMs applies to initial fixed-rate period only or to the margin depending upon the eligible loan. Qualifying balance based on Schwab brokerage (including Schwab IRAs) and Schwab Bank combined account balances. Qualifying balance must be verified 15 days prior to your anticipated closing for an on-time close. If you deposit your qualifying assets with less than 15 days remaining before closing, your closing date may be delayed and your eligibility to receive the promotional rate may be affected. For additional details, go to

This information is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner or investment manager. Please consult with your tax advisor on the deductibility of home equity line of credit interest payments for your specific tax situation.

This offer is subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an obligation to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. Program terms and conditions are subject to change.

Charles Schwab Bank and Charles Schwab & Co., Inc., are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Investment products are offered by Charles Schwab & Co., Inc. (Member SIPC). Charles Schwab & Co., Inc., does not solicit, offer, endorse, negotiate or originate any mortgage loan products and is neither a licensed mortgage broker nor a licensed mortgage lender. Home lending is offered and provided by Quicken Loans, Inc., Equal Housing Lender. Quicken Loans, Inc., is not affiliated with Charles Schwab Bank, Equal Housing Lender. Deposit and other lending products are offered by Charles Schwab Bank, Member FDIC and Equal Housing Lender.

Lending services provided by Quicken Loans, Inc., a subsidiary of Rock Holdings, Inc. “Quicken Loans” is a registered service mark of Intuit, Inc., used under license.

Quicken Loans is licensed in all 50 states Quicken Loans Nationwide Mortgage Licensing System #3030. Restrictions may apply. Equal Housing Lender.

©2018 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender.


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