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ARM Mortgage Calculator (Adjustable Rate Mortgage) |
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Results |
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| Loan Amount: |
$150,000.00 |
| Lenght of Loan: |
30 Years |
| Average Monthly Payment: |
$1,098.73 |
| Average Rate: |
7.982% |
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| Initial Rate: |
6.500% |
| Monthly Payment: |
$948.10 |
| Period Length: |
3 Years |
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| Balance after 3 Yrs: |
$144,625.86 |
| Adjusted Rate: |
8.250% |
| Monthly Payment: |
$1,115.47 |
| Period Length: |
27 Years |
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Instructions |
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This calculator estimates the initial payments as well as the future payments for an ARM mortgage (Adjustable Rate Mortgage). The ARM loan parameters (Initial Rate, Index, Margin) are used in this calculator. Only the first interest rate change is calculated to the fully indexed interest rate. (Index + Margin).
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Disclaimer: We cannot guarantee the accuracy of this calculator. You should check with your finance provider before entering into any contracts.
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