Check out what your monthly payment could be by using our Adjustable Rate (ARM) Mortgage Calculator…
The results provided by this mortgage calculator are for informational and illustrative purposes only. They do not constitute a commitment to lend or an offer of credit. Actual loan terms, interest rates, and monthly payments may vary based on factors such as credit profile, loan product, property location, and other considerations. All estimates are subject to underwriting approval and may not include additional costs. Borrowers should carefully review their financial situation and consult with a licensed mortgage professional before making any loan decisions.
Monthly Payment Over Time
Year 1
Month 0
$0
year 1
year
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.
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.
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
Principal vs. Interest
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)
Experts
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