Recent Calculations
Adjustable rate mortgages can provide attractive interest rates, but your payment is not fixed. This calculator helps you to determine what your adjustable mortgage payments may be.
This calculator shows a "fully amortizing" ARM, which is the most common type of ARM. The monthly payment is calculated to pay off the entire mortgage balance at the end of a 30-year term. After the initial period, the interest rate and monthly payment adjust at the frequency specified. The amount an ARM can adjust each year, and over the life of the loan, are typically capped. Below is a list of common ARMs.
| ARM Type | Months Fixed |
|---|---|
| 10/1 ARM | Fixed for 120 months, adjusts annually for the remaining term of the loan. |
| 7/1 ARM | Fixed for 84 months, adjusts annually for the remaining term of the loan. |
| 5/1 ARM | Fixed for 60 months, adjusts annually for the remaining term of the loan. |
| 3/1 ARM | Fixed for 36 months, adjusts annually for the remaining term of the loan. |
| 10/6 month ARM | Fixed for 120 months, adjusts every six months for the remaining term of the loan. |
| 7/6 month ARM | Fixed for 84 months, adjusts every six months for the remaining term of the loan. |
| 5/6 month ARM | Fixed for 60 months, adjusts every six months for the remaining term of the loan. |
| 3/6 month ARM | Fixed for 36 months, adjusts every six months for the remaining term of the loan. |
Saldo inicial o proyectado de su hipoteca.
Initial annual interest rate for this mortgage. Tenga en cuenta que la tasa de interés es distinta de la Tasa de Porcentaje Anual (APR), que incluye otros costos como el seguro de la hipoteca, la tarifa de originación o puntos pagados al momento de originar la hipoteca. La APR suele ser superior a la tasa de interés nominal.
El número de años durante los cuales se pagará este préstamo. Los plazos de hipoteca más comunes son de 15 años y 30 años.
This is the highest allowable interest rate for your mortgage. Your interest rate will not be adjusted above this rate.
The number of months that the interest rate is fixed. After this period, the interest rate will be subject to rate adjustments. If you enter zero in this field, the tool assumes that the rate will begin making adjustments immediately after the initial "months between adjustments" period has passed. If any number other than zero is entered, the first adjustment will take place at that time, and adjustments will happen at the frequency entered in the "months between adjustments" field.
The amount you believe that your mortgage's interest rate will change. This amount will be added to or subtracted from your interest rate.
The number of payment periods between potential adjustments to your interest rate. The most common is 12 months, which means your payment could change at most once per year. Loans using the SOFR benchmark have six months between adjustments. The SOFR benchmark is based on what U.S. financial institutions pay each other for overnight loans. It is often used as a replacement for the LIBOR benchmark which is no longer used.
Monthly principal and interest payment (PI) based on your beginning balance and initial interest rate.
Total de los pagos mensuales acumulados durante la vigencia de la hipoteca. Este monto total de pago asume que no se realizan prepagos de capital.
Total de los intereses pagados a lo largo de la vigencia de la hipoteca. Este monto total de intereses asume que no se realizan prepagos de capital.