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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. :: Satisfied Clients :: Contact Me :: Home :: Pre-Sell Package E-mailed :: Home Buyers Tax Credit :: Homebuyer Education :: New Homes :: SC Housing Authority Programs :: Fort Jackson :: Current Interest Rates :: Teacher Mortgage Program :: Buyer's Resources :: ARM Loans :: Credit Grade Calculator :: Monthly Payment Calculator :: Mortgage Payment Calculator :: Credit Report :: Imperfect Credit? :: Financial Calculators :: Rent Vs. Buy Calculator :: Interest Only :: Payment Option Arm Calculator :: Debt Consolidation Calculator :: Interest Only Payment Option Calculator :: Free Buyer Reports :: My Listings :: Dream Homes :: Service Providers :: Utility Companies :: Seller's Resources :: Pre-Sell Package :: Market Analysis :: Free Seller Reports :: 60 Day Listing Guarantee :: Home Equity Loan :: Refinance Calculator :: Pre-Qualify :: Loan Programs :: Glossary :: Library :: Mapquest :: Yahoo Maps :: My Newsletter :: Subscribe to My Newsletter :: Unsubscribe Newsletter :: Schools :: Weather :: About Roy :: Pro Team :: Ft Jackson :: Allen University :: Benedict College :: Churches :: City of Columbia :: Columbia Better Business Bureau :: Columbia Meropolitan Airport :: Columbia City Page :: Columbia College :: Columbia Golf Courses :: Columbia International University :: Columbia Museum of Art :: Columbia SC Hotels/Motels Guide :: Greater Columbia Chamber of Commerce :: Lake Murray Country :: Riverbanks Zoo :: SC Parks and Tourism :: SC State Parks :: Small Business Administration :: South Carolina State Museum :: State Newspaper :: Town of Chapin, SC :: Town of Irmo. SC :: University of South Carolina :: USC School of Medicine :: ___________________ ::
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