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Payment Option ARM Calculator
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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 |
|
| 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.
 Northwest Mortgage Advisors - 135 Lake Street South Suite 100 - Kirkland, WA 98033 Office Phone: (425) 533-3953 Fax: (425) 889-1657 Toll Free Phone: (800) 393-6178
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We lend in the states of Washington (license # 510-LO-43242), Oregon (license #ML-4630), and California (license #603-E633).
You can find great local Washington real estate information on Localism.com Bill Fores is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
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