Payment Option ARM Calculator

30 Yr Monthly Payment 
Minimum Payment^{2} 
Monthly Savings^{3} 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
Interest Only Payment: 
$2,134.17 
40 Year Payment: 
$0.00 
15 Year Payment: 
$0.00 
Effective Interest Rate^{4} (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.