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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. :: Search For Homes :: How Much Is My Property Worth? :: How's The Market? :: Visit Kevin's Blog :: Contact :: Kevin's Bio :: Guest Book :: Featured Properties :: Recently Sold :: All Listings :: Carmel Valley :: Cardiff By The Sea :: Carlsbad :: Del Mar :: Encinitas :: San Elijo Hills-San Marcos :: Solana Beach :: Rancho Santa Fe :: Professionals I Recommend :: Schools :: Coldwell Banker Concierge Service :: Free Market Reports and Statistics :: Marketplace :: Weather :: Newsletter :: Mortgage Brokers I Use & Recommend :: Calculators :: Credit Report :: Seller's Resources :: Other Seller's Resources :: Market Analysis :: Buyer's Resources :: Other Buyer's Resources :: Dream House Finder :: Market Recovery Information :: Latest Real Estate News :: SD Events Calendar :: San Diego Local Attractions :: Click For Helpful Info ::
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