Payment Option Arm Calculator

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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.

1 Forge Village Road, Suite 2B - Groton, MA 01450
Groton, MA Office: 978-448-1285 eFax: (508) 355-5343
Cell Phone: (617) 461-2970 EMAIL: acardinali@mortgagemasterinc.com

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You can find great local Groton, Massachusetts real estate information on Localism.com Tony Cardinali is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.

Mortgage Master, Inc., Groton, MA Branch Lender/Broker# (MC5439), (NH-15434-MB-BCH)

Loan Originator# MLO21336 - Massachusetts, NH21336 - New Hampshire