Adjustable Rate Mortgage Calculator

  Currency
  Purchase price
 Down payment amount $
 Points  %
 Insurance/year $
 PMI/year $
 Start date
 Number of months: months  years 
 Beginning interest rate%
 Rate cap (Life rate cap)%
 Maximum amount the rate will increase at the first interval%
 Maximum amount the rate will increase at each subsequent interval%
 Number of months before the first rate increase
 Number of months between subsequent rate increases
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    Financial Details
 Purchase price: $ 100,000.00 
 Down Payment: $ 0.00 
 Points: $ 1,000.00 
 Loan Amount $ 99,000.00 
 Initial Interest Rate 6.9% 
 Interest compoundingMonthly 
 
 Total amount financed $ 99,000.00 
 Payment amount $ 783.49 
 Monthly Insurance $ 83.33 
 Monthly PMI $ 41.25 
 Nb. of months with PMI 169 
 Total Interest $ 179,503.05 
 Total Insurance $ 29,998.80 
 Total PMI charge $ 6,971.25 
 Total finance charge $ 216,473.10 
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The accuracy of this calculator is not guaranteed. The values are approximate and are
intended to be used as a guide. Please contact the lender for more exact figures.