APR ARM Payment Calculator

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)

Loan Information
[200000] Loan Amount
[30] Length of Loan
[3] Initial Years
[6] Interest Rate
[5.50] Current Index
[2.75] Margin

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.