Payment Option ARM Calculator
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. :: Avalon Properties :: View Homes :: Avalon Condos :: Hamilton Cove Villas :: Hotels, Commercial & Business Ops :: Vacant Lots :: SOLD 2009 :: SOLD 2010 :: Avalon Long Term Rentals :: Long Term Rentals 2 :: Long Term Rentals 3 :: City of Avalon :: Helpful Information :: Getting to Catalina :: Buyer's Resources :: Avalon Property Finder :: Seller's Resources :: Market Analysis :: Escrow & Title :: Lenders & Programs :: Calculators :: Catalina Realtors Inc. Disclosures :: Privacy Policy ::
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