Friday, October 20, 2017

What will my ARM payment be?

This calculator will compute your initial payments and estimate your future payments. The ARM parameters (Initial Rate, Index, Margin) are necessary for this calculator. The current version of this calculator only computes your first interest rate change to the fully indexed interest rate. (Index plus Margin)

Loan Information   
  Zip Code
  Loan Amount ($)
  Total Loan Term (Years)
  Initial Loan Term (Years)
  Interest Rate
Property Information
  Property Value ($)
  Monthly Property Taxes
  Monthly Hazard Insurance
  Monthly Mortgage Insurance
  Monthly Homeowners Assoc Dues

The results displayed above are only estimates and cannot be used to determine actual loan costs or be used as a guarantee. Please consult your tax advisor for information on the deductibility of interest for tax purposes. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.