when refinancing from an arm to a fixed rate mortgage it s important to consider the new loan term carefully as it could have a significant impact on how much you pay in total interest to own the home 
advantages and disadvantages of a 5 1 hybrid armin most cases arms offer lower introductory rates than traditional mortgages with fixed interest rates these loans can be ideal for buyers who plan to live in their homes for only a short period of time and sell before the end of the introductory period the 5 1 hybrid arm also works well for buyers who plan to refinance before the introductory rate expires that said hybrid arms like the 5 1 tend to have a higher interest rate than standard arms lower introductory rates than traditional fixed interest mortgagesinterest rates possibly drop before the mortgage adjusts resulting in lower paymentsgood for buyers who will live in their homes for short periods of timehigher interest rates than standard adjustable rate mortgages arms 