What Is an Adjustable Rate Mortgage (ARM) â Definition, Pros & Cons. When shopping for a mortgage, you have a variety of options. Mortgages can be structured differently and many factors are negotiable, such as the interest rate, closing costs, the loanâs length, a pre-payment penalty, and a balloon payment, to name a few. One type of loan that has recently become popular is the ARM, or adjustable rate mortgage.
The low range is $80 to $300. Usually these basic metal frames are just functional, though often still stylish. Target sells low-range models by numerous brands , including Huffy and Forge. Sports Authority sells low-range bikes by Mongoose and Schwinn for men and for women that cost $100 to $300.
1 Performance Bicycle sells the Dahon Vitesse bike that folds up in 15 seconds for $409. 2  High-end bikes cost $1,000 and higher. 3  These models are usually made of the lightest metals, including carbon and titanium, and are designed for more rigorous, everyday use or light competition. Trek offers a wide variety of bikes for commuting and touring at an average of $1,000, though some bikes from the geometrically sound Pilot series models cost more than $3,000.