Payment Option ARM Calculator

Loan Amount: $ Start Rate1: %

Current Index: % Margin: %

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.

---

:: Houses For Sale :: Search MLS :: Recently Sold :: Free Buyer Reports :: Dream House Finder :: Apartments For Rent :: Homebuyer Education :: Buyer's Resources :: Seller's Resources :: Free Seller Reports :: Comparitive Market Analysis :: Newsletter :: Loan Programs :: Calculators :: Mortgage Qualification Calculator :: Monthly Payment Calculator :: Refinance Calculator :: Credit Grade Calculator :: Credit Report :: Schools :: Weather :: Helpful Links :: Contact Us Click Here :: Testimonials :: Meet The Team :: Click Here To Comment ::

 

Connie Pepenella Associate Broker

  Staten Island Realtor Since 1992

The highest compliment I can receive is the referral of friends and family.

 

www.concettapepenella.remax-metro-statenisland-ny.com

718-979-3000 ext: 125

 

© 2010 Myers Internet All Rights Reserved

Powered by: Myers Internet | Admin Login