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Payment Option ARM Calculator
Effective Interest Rate4 (Index + Margin): 5.122% Assumptions: 1 The low initial Minimum Monthly Payment is calculated based on the low initial start rate. Rates are for calculation purposes only, please call your loan officer for rate quotes. 2 Paying the Minimum Monthly Payment will result in deferred interest, which will be added to the principal balance and increase your loan amount. This is called negative amortization. For the first 5 years the minimum payment will increase 7.5% over the previous year. 3 The Monthly Savings is calculated using the current Index + Margin. Rate increases or decreases are not computed. Monthly Savings compares the 30 Year Payment to the Minimum Payment. 4 The Effective Interest Rate is the rate the Lender charges each month. It is equal to the Index Rate + Margin. The Index + Margin yield may change each month as the Index rate changes. :: Home :: Search For Rates :: FHA Loans :: Reverse Mortgages :: VA Loans :: Loan Programs :: Pre-Qualify :: Purchasing :: Refinance :: Calculators :: Loan Process :: FAQ :: About Us :: Licensing :: Tell-A-Friend :: Join our Winning Team! :: Contact Us Today! :: Secure Credit Form :: Find The Perfect Mortgage Loan: Debt Consolidation | Second Mortgage | Home Equity | Home Improvement | First Mortgage | Refinance | Purchase | Cash Out | Jumbo Mortgage | FHA Streamline | VA Streamline | No Equity Loan | 125% Second Mortgage | 100% Second Mortgage | 80% Second Mortgage | Fixed Rate Mortgage | Adjustable Rate Mortgage | Commercial Loan | Construction Loan DISCLAIMER: THE CONTENTS OF THIS WEBSITE, INCLUDING ALL ARTICLES AND LINKS IS FOR GENERAL INFORMATIONAL PURPOSES ONLY, AND IS NOT INTENDED TO PROVIDE PROFESSIONAL, ACCOUNTING, TAX. LEGAL OR FINANCIAL ADVICE. EQUAL HOUSING LENDER
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