Check out what your monthly payment could be by using our Adjustable Rate (ARM) Mortgage Calculator...

Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!

Adjustable Rate Type
$
$50,000 $2 Million
$
%
0% 80%
Loan Term
%
0% 20%
Credit Score
Advanced (optional)
$
%
0% 5%
$
%
0% 15%
$ /month
Adjustable Rate Settings
Expected Rate Direction
%
0% 2%
%
2% 10%
%
0% 5%
Monthly Payment Over Time
Year 1 Month 0
$0
October 2024
year 1 year
Interest Rate:
Principal
$
Interest
$
PMI
$
Taxes & HOA
$
Homeowners Insurance
$
Loan Totals:
Purchase Price $
Down Payment $
Total Loan Amount $
Adjustable Rate Types 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 6 months for the remaining term of the loan. 7/6 month ARM
Fixed for 84 months, adjusts every 6 months for the remaining term of the loan. 5/6 month ARM
Fixed for 60 months, adjusts every 6 months for the remaining term of the loan. 3/6 month ARM
Fixed for 36 months, adjusts every 6 months for the remaining term of the loan.
PMI The PMI (Private Mortgage Insurance) is a mortgage lenders' protection in the event of a default. PMI is paid monthly as part of your mortgage payment to the lender. Once a borrower has paid the equivalent of the 20% down payment, PMI can be removed from the monthly mortgage payment.
Save & Email Results
Estimated Initial Payment $ /mo
ARM Type
Loan amount
$
Down payment
$
Interest rate
Loan term
Taxes & insurance included?
Property tax
Homeowner's insurance
$
Mortgage insurance
$
HOA dues
$
Initial Payment Breakdown
Amortization Schedule Breakdown
Our detailed amortization schedule breaks down your mortgage payments, showing how they are split between interest and principal over the life of your loan. Note: The actual monthly payment may be higher than what is shown here, as this schedule does not account for variable costs such as property taxes and home insurance, which are often included in your total mortgage payment.
  • Principal payments: $$240,000 (the amount borrowed)
  • Interest payments: $$297,554 (the cost of borrowing)

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