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Adjustable Rate Mortgage Calculator

If you want this fixed rate mortgage calculator please click here and after 48 hours it will be into your web site. You don't need to know HTML or programming languages. We will do all the work for you. For $49.95 you will get this calculator with your website layout and we will link this new web page to your website.

Adjustable Rate Mortgage

An adjustable rate mortgage (ARM) is a mortgage where your interest rate and monthly payment vary over time.

Adjustable Rate Mortgages (ARMs) are a good choice when:

[ Adjustable Rate Mortgage ]

    Adjustable Rate Mortgage Calculator

  Currency
  Purchase price
  Down payment amount %   $
 Points  %
 Insurance/year %   $
 PMI/year %   $
 Start date
 Number of months: months   years  
 Beginning interest rate %
 Rate cap (Life rate cap) %
 Maximum amount the rate will increase at the
first interval		 %
 Maximum amount the rate will increase at each subsequent interval %
 Number of months before the first rate increase
 Number of months between subsequent rate increases
calculate
    Financial Details
 Purchase price:$ 100,000.00 
 Down Payment:$ 0.00 
 Points:$ 1,000.00 
 Loan Amount$ 99,000.00 
 Initial Interest Rate6.9 % 
 Interest compoundingMonthly 
 
 Total amount financed$ 99,000.00 
 Payment amount$ 783.46 
 Monthly Insurance$ 83.33 
 Monthly PMI$ 41.25 
 Nb. of months with PMI169 
 Total Interest$ 179,502.90 
 Total Insurance$ 30,000.00 
 Total PMI charge$ 6,971.25 
 Total finance charge$ 216,474.15 
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