Rate and Payment Details - Adjustable Rate Mortgage
ARM:
|
Initial Interest Rate
|
APR
|
Fully Indexed Rate
|
Maximum Interest Rate
|
Months to First Rate Adjustment
|
Interest Only Term
|
|
|
%
|
%
|
%
|
Months
|
0 Months
|
Payment Stream:
|
Payment Month(s)
|
P & I Amount
|
Rate
|
|
1 -
|
*
|
%
|
|
-
|
*
|
%
|
|
|
*
|
%
|
*Payment amount is an estimate
Above are the details of the Rate and Payment that will apply over the term of the
loan. The payments listed above do not include amounts for taxes and insurance.
If the Loan is an Adjustable Rate Loan, a current reasonable Index and Margin were
used to display potential future Rate and/or Payment changes.
-
Initial Interest Rate: On an Adjustable Rate Loan it is the interest rate
that is fixed for some specified number of months at the beginning of the loan term.
-
APR: Annual Percentage Rate the rate that reflects the annual cost of a loan
and includes the loan interest rate, points and some fees, but does not include
private mortgage insurance.
-
Fully Indexed Rate: The current index value plus the margin on an Adjustable
Rate Loan.
-
Current Indices:
-
Max Interest Rate: The maximum rate that may occur on your Adjustable Rate
Loan.
-
Months to First Rate Adjustment: The period of time before your interest
rate will adjust on an Adjustable Rate Loan.
-
Interest Only Term: Not available at this time.
-
Payment Stream: Please note the "P & I Amount" is shown. Payments
do not include taxes and insurance.
-
APR Assumptions: