Payment Option Arm Calculator

Home

Mortgage Resources

Featured Tools

Loan Info

Company Info

Other Services

Payment Option ARM Calculator

Loan Amount:	$
Start Rate¹:		%

Current Index:		%
Margin:		%

	30 Yr Monthly Payment	Minimum Payment²	Monthly Savings³
Year 1	$0.00	$0.00	$0.00
Year 2	$0.00	$0.00	$0.00
Year 3	$0.00	$0.00	$0.00
Year 4	$0.00	$0.00	$0.00
Year 5	$0.00	$0.00	$0.00

Other Payment Options
Interest Only Payment:	$2,134.17
40 Year Payment:	$0.00
15 Year Payment:	$0.00

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.

PrimeLending, A PlainsCapital Company - 4450 S Rural Rd. Ste. A100 - Tempe, AZ 85282
Office: 480-234-7606 Fax: 1-866-217-8875
BK #: 0114954

:: Apply Now :: Pre-Qualify :: Loan Programs :: Purchasing :: Refinance :: Request Loan Status :: Calculators :: Loan Process :: FAQ :: Forms :: Contact Us :: Staff Directory :: About Us :: Tell-A-Friend :: Marketplace :: Home ::

In accordance with Section 326 of the USA PATRIOT Act of 2000, PrimeLending is required to obtain a copy of the documents used in identifying our new account customers. This notice is being provided to your for adequate notice given under this act.

PrimeLending lends in 48 States