Adjustable rate mortgage calculator
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Use this ARM mortgage calculator to get an estimate.
An adjustable-rate mortgage (ARM) is a short-term mortgage option. It generally offers a lower initial interest rate and monthly payment. After your introductory rate term expires, your estimated payment and rate may increase substantially. An increase depends on the market conditions at the time of the conversion to the variable rate and during the adjustment period thereafter.
This adjustable-rate mortgage calculator provides customized information based on the information you provide. But, it assumes a few things about you. For example, that you're buying a single-family home as your primary residence. This calculator also makes assumptions about closing costs, lender's fees and other costs, which can be significant.
Estimated monthly payment and APR example: A $225,000 loan amount with a 30-year term at an interest rate of 4.5% with a down-payment of 20% would result in an initial estimated monthly payment of $1,140.05 with an Annual Percentage Rate (APR) of 4.574%.1
Check out today’s mortgage rates.
Interest rates vary depending on the type of mortgage you choose. See the differences and how they can impact your monthly payment.
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