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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 Property Search :: Communities Served :: MAR Housing Reports :: Schools Information :: Area Newspapers :: Annual Credit Report :: 9 Online Calculators :: Realty Times News :: IRED-The Buyer's Corner :: Buyer's Resources :: Buyer Agency :: The Many Benefits in Using an EBA :: 10 Questions to Ask Any Buyer's Agent :: New R. E. Agency Relationship Disclosure :: R.E. Internet Warning :: Real Estate Library :: MBTA-Train & Boat :: P & B Street Railway Co. :: Is Your Home Alone? :: Glossary :: The Marketplace :: Link Exchange Partners :: Contact Me :: Privacy Statement :: Personal Information :: An Equal Opportunity Company. Equal Housing Opportunity. All information is deemed credible, but is not guaranteed. Independent verification is recommended.
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