Mortgage Calculator

Be sure to compare different loan scenarios!

For example: Instead of a 30 year fixed rate at 6.25%, consider a 7/1 ARM* at 5.5%, or a 5/1 ARM* at 5.375%.

Enter Your Mortgage/Loan Information here:
Years:
Loan Amount: $
Down Payment: $
Purchase Price: $
Interest: %
Annual Insur: $
Annual Tax: $
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Results:
Monthly Prin + Int:
Monthly Tax:
Monthly Ins:
Monthly PMI:
Total Payment:

ARM's are an exellent loan for someone who knows he/she will only own the home for a short period of time (Under 6 to 8 years). This option could save you THOUSANDS of dollars compared to a 30-year fixed rate. Consult with your agent for more details.

* A 7/1 ARM is a loan amortized over 30 years with a fixed rate for 7 years. After seven years, the rate converts to an adjustable rate.

* A 5/1 ARM is a loan amortized over 30 years with a fixed rate for 5 years. After five years, the rate converts to an adjustable rate.