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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. :: MLS Search :: Featured Listings :: Buyer Resources :: Federal Housing Tax Credit :: Build Your Dream Home :: Homebuyer Education :: Home Buying Process :: Dream House Finder :: Free Buyer Reports :: Steps to a Successful Puchase :: The Closing Process :: Seller Resources :: Home Selling Process :: Market Analysis :: Free Seller Reports :: Staging A Home To Sell :: Expired Listing Help :: For Sale By Owner :: Short Sale / Foreclosure :: Military Resources :: Naval Sub Base New London :: US Coast Guard Academy :: US Coast Guard R & D Center :: Military Pay Rates :: BAH Rates :: Mortgage Resources :: ARM vs. Fixed :: FHA Mortgage :: FHA Mortgage Limits :: VA Mortgage :: CHFA Mortgage Program :: Mortgage Rates :: ERA Mortgage :: ERA Seller's Security Plan :: ERA Home Protection Plan :: ERA Select Consumer Services :: ERA National Military Broker Network :: ERA - Home in on a Cure (MDA) :: Town Information :: Real Estate Tax Rates :: Area Attractions :: Marketplace :: Library :: Glossary :: Local Utility Companies :: Schools :: Connecticut :: Weather :: Newsletter :: Contact :: Personal Info :: Why Hire Me? ::
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