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What will my ARM Loan Payment Be?
 
Loan Information
 Loan Amount
 Length of Loan
 Initial Years

  Interest Rate
 Current Index
 Margin

 

 
Instructions

This ARM Calculator can be used to compute your initial payments and estimate your future payments. The ARM parameters (Initial Rate, Index, Margin) are necessary for this calculator. The current version of this calculator only computes your first interest rate change to the fully indexed interest rate. (Index plus Margin)

Results
Loan Amount: $200,000.00
Length of Loan: 30 Years
Average Payment: $1,453.85
Average Rate: 7.902%
 
Initial Rate: 6.000%
Monthly Payment: $1,199.10
Period Length: 3 Years
 
Balance After 3 Yrs: $192,168.14
Adjusted Rate: 8.250%
Monthly Payment: $1,482.15
Period Length: 27 Years

These calculations are only estimates and should not be used to determine actual loan costs. Please consult your tax advisor for information on the deductibility of interest for tax purpose. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation.

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