Payment Option ARM Calculator
|
 |
|
|||||||||||||||||||||
| 30 Yr Monthly Payment | Minimum Payment2 | Monthly Savings3 | |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 | |
| $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.
Wisconsin Home Buyers Network - 2870 Terra Court Suite 1 - Sun Prairie, WI 53590
Office Phone: (800) 318-6103 Fax: (800) 318-6103
:: Buyers :: Sellers :: Investors :: Buyer Profiles :: Seller Profiles :: Investor Profiles :: Featured Homes :: Apply Now :: Pre-Qualify :: Loan Programs :: Purchasing :: Refinance :: Request Loan Status :: Calculators :: All Listings :: Buyer's Resources :: Seller's Resources :: Dream House Finder :: Free Buyer Reports :: Free Seller Reports :: Market Analysis :: Schools :: Weather :: Contact Us :: Staff Directory :: About Us :: Tell-A-Friend :: Credit Report :: Marketplace :: Home :: Loan Process :: FAQ :: Forms ::
WIHBN Realty is a Wisconsin Real Estate Brokerage which specializes in: Real Estate Consulting & Educational Services We work with Real Estate Investors, Sellers, Buyers and Lease Option Candidates
© 2012 All Rights Reserved