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ARM Mortgage Calculator

ARM Mortgage Calculator excel to calculate the monthly payments for adjustable rate mortgages. Adjustable Rate Mortgage Calculator has options to calculate any type of ARM mortgage and the ability to export the ARM amortization schedule to an excel spreadsheet. If there is no cap on your ARM mortgage, simply set a very high interest rate cap.

Adjustable Rate Mortgage Calculator
Mortgage Amount
 $
Loan Terms
 years
Interest Rate
 %
Expected Adjustment
 %
First Adjustment After
 years
Months Between Adjustments
 months
Interest Rate Cap
 %
First Payment Date
Amortization Schedule
 Show By Month Year

Mortgage Calculator Results
Mortgage Amount:
 $300,000.00
Initial Monthly Payment:
 $1,610.46
Final Monthly Payment:
 $2,246.54
Total # Of Payments:
 360
Start Date:
 Sep, 2023
Payoff Date:
 Aug, 2053
Total Interest Paid:
 $402,930.17
Total Payment:
 $702,930.17

ARM Mortgage Amortization Schedule
Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Sep, 2023 1 $1,250.00 $360.46 $1,610.46 $299,639.54
Oct, 2023 2 $1,248.50 $361.97 $1,610.46 $299,277.57
Nov, 2023 3 $1,246.99 $363.48 $1,610.46 $298,914.09
Dec, 2023 4 $1,245.48 $364.99 $1,610.46 $298,549.10
Jan, 2024 5 $1,243.95 $366.51 $1,610.46 $298,182.59
Feb, 2024 6 $1,242.43 $368.04 $1,610.46 $297,814.56
Mar, 2024 7 $1,240.89 $369.57 $1,610.46 $297,444.99
Apr, 2024 8 $1,239.35 $371.11 $1,610.46 $297,073.87
May, 2024 9 $1,237.81 $372.66 $1,610.46 $296,701.22
Jun, 2024 10 $1,236.26 $374.21 $1,610.46 $296,327.01
Jul, 2024 11 $1,234.70 $375.77 $1,610.46 $295,951.24
Aug, 2024 12 $1,233.13 $377.33 $1,610.46 $295,573.90
Sep, 2024 13 $1,231.56 $378.91 $1,610.46 $295,195.00
Oct, 2024 14 $1,229.98 $380.49 $1,610.46 $294,814.51
Nov, 2024 15 $1,228.39 $382.07 $1,610.46 $294,432.44
Dec, 2024 16 $1,226.80 $383.66 $1,610.46 $294,048.78
Jan, 2025 17 $1,225.20 $385.26 $1,610.46 $293,663.52
Feb, 2025 18 $1,223.60 $386.87 $1,610.46 $293,276.65
Mar, 2025 19 $1,221.99 $388.48 $1,610.46 $292,888.17
Apr, 2025 20 $1,220.37 $390.10 $1,610.46 $292,498.07
May, 2025 21 $1,218.74 $391.72 $1,610.46 $292,106.35
Jun, 2025 22 $1,217.11 $393.36 $1,610.46 $291,712.99
Jul, 2025 23 $1,215.47 $394.99 $1,610.46 $291,318.00
Aug, 2025 24 $1,213.83 $396.64 $1,610.46 $290,921.36
Sep, 2025 25 $1,212.17 $398.29 $1,610.46 $290,523.07
Oct, 2025 26 $1,210.51 $399.95 $1,610.46 $290,123.12
Nov, 2025 27 $1,208.85 $401.62 $1,610.46 $289,721.50
Dec, 2025 28 $1,207.17 $403.29 $1,610.46 $289,318.21
Jan, 2026 29 $1,205.49 $404.97 $1,610.46 $288,913.23
Feb, 2026 30 $1,203.81 $406.66 $1,610.46 $288,506.57
Mar, 2026 31 $1,202.11 $408.35 $1,610.46 $288,098.22
Apr, 2026 32 $1,200.41 $410.06 $1,610.46 $287,688.16
May, 2026 33 $1,198.70 $411.76 $1,610.46 $287,276.40
Jun, 2026 34 $1,196.98 $413.48 $1,610.46 $286,862.92
Jul, 2026 35 $1,195.26 $415.20 $1,610.46 $286,447.72
Aug, 2026 36 $1,193.53 $416.93 $1,610.46 $286,030.78
Sep, 2026 37 $1,191.79 $418.67 $1,610.46 $285,612.11
Oct, 2026 38 $1,190.05 $420.41 $1,610.46 $285,191.70
Nov, 2026 39 $1,188.30 $422.17 $1,610.46 $284,769.53
Dec, 2026 40 $1,186.54 $423.93 $1,610.46 $284,345.61
Jan, 2027 41 $1,184.77 $425.69 $1,610.46 $283,919.92
Feb, 2027 42 $1,183.00 $427.47 $1,610.46 $283,492.45
Mar, 2027 43 $1,181.22 $429.25 $1,610.46 $283,063.21
Apr, 2027 44 $1,179.43 $431.03 $1,610.46 $282,632.17
May, 2027 45 $1,177.63 $432.83 $1,610.46 $282,199.34
Jun, 2027 46 $1,175.83 $434.63 $1,610.46 $281,764.71
Jul, 2027 47 $1,174.02 $436.45 $1,610.46 $281,328.26
Aug, 2027 48 $1,172.20 $438.26 $1,610.46 $280,890.00
Sep, 2027 49 $1,170.37 $440.09 $1,610.46 $280,449.91
Oct, 2027 50 $1,168.54 $441.92 $1,610.46 $280,007.98
Nov, 2027 51 $1,166.70 $443.76 $1,610.46 $279,564.22
Dec, 2027 52 $1,164.85 $445.61 $1,610.46 $279,118.60
Jan, 2028 53 $1,162.99 $447.47 $1,610.46 $278,671.13
Feb, 2028 54 $1,161.13 $449.34 $1,610.46 $278,221.80
Mar, 2028 55 $1,159.26 $451.21 $1,610.46 $277,770.59
Apr, 2028 56 $1,157.38 $453.09 $1,610.46 $277,317.50
May, 2028 57 $1,155.49 $454.98 $1,610.46 $276,862.53
Jun, 2028 58 $1,153.59 $456.87 $1,610.46 $276,405.66
Jul, 2028 59 $1,151.69 $458.77 $1,610.46 $275,946.88
Aug, 2028 60 $1,149.78 $460.69 $1,610.46 $275,486.20
Sep, 2028 61 $1,205.25 $445.59 $1,650.84 $275,040.60
Oct, 2028 62 $1,203.30 $447.54 $1,650.84 $274,593.06
Nov, 2028 63 $1,201.34 $449.50 $1,650.84 $274,143.56
Dec, 2028 64 $1,199.38 $451.47 $1,650.84 $273,692.09
Jan, 2029 65 $1,197.40 $453.44 $1,650.84 $273,238.65
Feb, 2029 66 $1,195.42 $455.43 $1,650.84 $272,783.23
Mar, 2029 67 $1,193.43 $457.42 $1,650.84 $272,325.81
Apr, 2029 68 $1,191.43 $459.42 $1,650.84 $271,866.39
May, 2029 69 $1,189.42 $461.43 $1,650.84 $271,404.96
Jun, 2029 70 $1,187.40 $463.45 $1,650.84 $270,941.51
Jul, 2029 71 $1,185.37 $465.48 $1,650.84 $270,476.04
Aug, 2029 72 $1,183.33 $467.51 $1,650.84 $270,008.52
Sep, 2029 73 $1,237.54 $452.95 $1,690.49 $269,555.57
Oct, 2029 74 $1,235.46 $455.03 $1,690.49 $269,100.54
Nov, 2029 75 $1,233.38 $457.12 $1,690.49 $268,643.42
Dec, 2029 76 $1,231.28 $459.21 $1,690.49 $268,184.21
Jan, 2030 77 $1,229.18 $461.32 $1,690.49 $267,722.90
Feb, 2030 78 $1,227.06 $463.43 $1,690.49 $267,259.47
Mar, 2030 79 $1,224.94 $465.55 $1,690.49 $266,793.91
Apr, 2030 80 $1,222.81 $467.69 $1,690.49 $266,326.22
May, 2030 81 $1,220.66 $469.83 $1,690.49 $265,856.39
Jun, 2030 82 $1,218.51 $471.99 $1,690.49 $265,384.41
Jul, 2030 83 $1,216.35 $474.15 $1,690.49 $264,910.26
Aug, 2030 84 $1,214.17 $476.32 $1,690.49 $264,433.94
Sep, 2030 85 $1,267.08 $462.28 $1,729.36 $263,971.66
Oct, 2030 86 $1,264.86 $464.49 $1,729.36 $263,507.17
Nov, 2030 87 $1,262.64 $466.72 $1,729.36 $263,040.45
Dec, 2030 88 $1,260.40 $468.95 $1,729.36 $262,571.50
Jan, 2031 89 $1,258.16 $471.20 $1,729.36 $262,100.30
Feb, 2031 90 $1,255.90 $473.46 $1,729.36 $261,626.84
Mar, 2031 91 $1,253.63 $475.73 $1,729.36 $261,151.11
Apr, 2031 92 $1,251.35 $478.01 $1,729.36 $260,673.11
May, 2031 93 $1,249.06 $480.30 $1,729.36 $260,192.81
Jun, 2031 94 $1,246.76 $482.60 $1,729.36 $259,710.21
Jul, 2031 95 $1,244.44 $484.91 $1,729.36 $259,225.30
Aug, 2031 96 $1,242.12 $487.23 $1,729.36 $258,738.07
Sep, 2031 97 $1,293.69 $473.68 $1,767.37 $258,264.39
Oct, 2031 98 $1,291.32 $476.05 $1,767.37 $257,788.33
Nov, 2031 99 $1,288.94 $478.43 $1,767.37 $257,309.90
Dec, 2031 100 $1,286.55 $480.82 $1,767.37 $256,829.08
Jan, 2032 101 $1,284.15 $483.23 $1,767.37 $256,345.85
Feb, 2032 102 $1,281.73 $485.64 $1,767.37 $255,860.20
Mar, 2032 103 $1,279.30 $488.07 $1,767.37 $255,372.13
Apr, 2032 104 $1,276.86 $490.51 $1,767.37 $254,881.62
May, 2032 105 $1,274.41 $492.97 $1,767.37 $254,388.65
Jun, 2032 106 $1,271.94 $495.43 $1,767.37 $253,893.22
Jul, 2032 107 $1,269.47 $497.91 $1,767.37 $253,395.32
Aug, 2032 108 $1,266.98 $500.40 $1,767.37 $252,894.92
Sep, 2032 109 $1,317.16 $487.33 $1,804.49 $252,407.59
Oct, 2032 110 $1,314.62 $489.87 $1,804.49 $251,917.72
Nov, 2032 111 $1,312.07 $492.42 $1,804.49 $251,425.30
Dec, 2032 112 $1,309.51 $494.98 $1,804.49 $250,930.32
Jan, 2033 113 $1,306.93 $497.56 $1,804.49 $250,432.76
Feb, 2033 114 $1,304.34 $500.15 $1,804.49 $249,932.61
Mar, 2033 115 $1,301.73 $502.76 $1,804.49 $249,429.85
Apr, 2033 116 $1,299.11 $505.38 $1,804.49 $248,924.47
May, 2033 117 $1,296.48 $508.01 $1,804.49 $248,416.46
Jun, 2033 118 $1,293.84 $510.65 $1,804.49 $247,905.81
Jul, 2033 119 $1,291.18 $513.31 $1,804.49 $247,392.50
Aug, 2033 120 $1,288.50 $515.99 $1,804.49 $246,876.51
Sep, 2033 121 $1,337.25 $503.40 $1,840.64 $246,373.11
Oct, 2033 122 $1,334.52 $506.12 $1,840.64 $245,866.99
Nov, 2033 123 $1,331.78 $508.87 $1,840.64 $245,358.12
Dec, 2033 124 $1,329.02 $511.62 $1,840.64 $244,846.50
Jan, 2034 125 $1,326.25 $514.39 $1,840.64 $244,332.11
Feb, 2034 126 $1,323.47 $517.18 $1,840.64 $243,814.93
Mar, 2034 127 $1,320.66 $519.98 $1,840.64 $243,294.95
Apr, 2034 128 $1,317.85 $522.80 $1,840.64 $242,772.15
May, 2034 129 $1,315.02 $525.63 $1,840.64 $242,246.52
Jun, 2034 130 $1,312.17 $528.48 $1,840.64 $241,718.04
Jul, 2034 131 $1,309.31 $531.34 $1,840.64 $241,186.71
Aug, 2034 132 $1,306.43 $534.22 $1,840.64 $240,652.49
Sep, 2034 133 $1,353.67 $522.11 $1,875.78 $240,130.38
Oct, 2034 134 $1,350.73 $525.04 $1,875.78 $239,605.34
Nov, 2034 135 $1,347.78 $528.00 $1,875.78 $239,077.34
Dec, 2034 136 $1,344.81 $530.97 $1,875.78 $238,546.38
Jan, 2035 137 $1,341.82 $533.95 $1,875.78 $238,012.42
Feb, 2035 138 $1,338.82 $536.96 $1,875.78 $237,475.46
Mar, 2035 139 $1,335.80 $539.98 $1,875.78 $236,935.49
Apr, 2035 140 $1,332.76 $543.01 $1,875.78 $236,392.47
May, 2035 141 $1,329.71 $546.07 $1,875.78 $235,846.40
Jun, 2035 142 $1,326.64 $549.14 $1,875.78 $235,297.26
Jul, 2035 143 $1,323.55 $552.23 $1,875.78 $234,745.03
Aug, 2035 144 $1,320.44 $555.34 $1,875.78 $234,189.70
Sep, 2035 145 $1,366.11 $543.72 $1,909.82 $233,645.98
Oct, 2035 146 $1,362.93 $546.89 $1,909.82 $233,099.09
Nov, 2035 147 $1,359.74 $550.08 $1,909.82 $232,549.02
Dec, 2035 148 $1,356.54 $553.29 $1,909.82 $231,995.73
Jan, 2036 149 $1,353.31 $556.51 $1,909.82 $231,439.22
Feb, 2036 150 $1,350.06 $559.76 $1,909.82 $230,879.46
Mar, 2036 151 $1,346.80 $563.03 $1,909.82 $230,316.43
Apr, 2036 152 $1,343.51 $566.31 $1,909.82 $229,750.12
May, 2036 153 $1,340.21 $569.61 $1,909.82 $229,180.51
Jun, 2036 154 $1,336.89 $572.94 $1,909.82 $228,607.57
Jul, 2036 155 $1,333.54 $576.28 $1,909.82 $228,031.30
Aug, 2036 156 $1,330.18 $579.64 $1,909.82 $227,451.66
Sep, 2036 157 $1,374.19 $568.53 $1,942.71 $226,883.13
Oct, 2036 158 $1,370.75 $571.96 $1,942.71 $226,311.17
Nov, 2036 159 $1,367.30 $575.42 $1,942.71 $225,735.75
Dec, 2036 160 $1,363.82 $578.89 $1,942.71 $225,156.85
Jan, 2037 161 $1,360.32 $582.39 $1,942.71 $224,574.46
Feb, 2037 162 $1,356.80 $585.91 $1,942.71 $223,988.55
Mar, 2037 163 $1,353.26 $589.45 $1,942.71 $223,399.10
Apr, 2037 164 $1,349.70 $593.01 $1,942.71 $222,806.09
May, 2037 165 $1,346.12 $596.59 $1,942.71 $222,209.49
Jun, 2037 166 $1,342.52 $600.20 $1,942.71 $221,609.30
Jul, 2037 167 $1,338.89 $603.83 $1,942.71 $221,005.47
Aug, 2037 168 $1,335.24 $607.47 $1,942.71 $220,398.00
Sep, 2037 169 $1,377.49 $596.90 $1,974.39 $219,801.10
Oct, 2037 170 $1,373.76 $600.63 $1,974.39 $219,200.47
Nov, 2037 171 $1,370.00 $604.38 $1,974.39 $218,596.09
Dec, 2037 172 $1,366.23 $608.16 $1,974.39 $217,987.93
Jan, 2038 173 $1,362.42 $611.96 $1,974.39 $217,375.96
Feb, 2038 174 $1,358.60 $615.79 $1,974.39 $216,760.18
Mar, 2038 175 $1,354.75 $619.63 $1,974.39 $216,140.54
Apr, 2038 176 $1,350.88 $623.51 $1,974.39 $215,517.04
May, 2038 177 $1,346.98 $627.40 $1,974.39 $214,889.63
Jun, 2038 178 $1,343.06 $631.33 $1,974.39 $214,258.30
Jul, 2038 179 $1,339.11 $635.27 $1,974.39 $213,623.03
Aug, 2038 180 $1,335.14 $639.24 $1,974.39 $212,983.79
Sep, 2038 181 $1,375.52 $629.24 $2,004.76 $212,354.55
Oct, 2038 182 $1,371.46 $633.31 $2,004.76 $211,721.24
Nov, 2038 183 $1,367.37 $637.40 $2,004.76 $211,083.84
Dec, 2038 184 $1,363.25 $641.51 $2,004.76 $210,442.32
Jan, 2039 185 $1,359.11 $645.66 $2,004.76 $209,796.67
Feb, 2039 186 $1,354.94 $649.83 $2,004.76 $209,146.84
Mar, 2039 187 $1,350.74 $654.02 $2,004.76 $208,492.81
Apr, 2039 188 $1,346.52 $658.25 $2,004.76 $207,834.57
May, 2039 189 $1,342.26 $662.50 $2,004.76 $207,172.07
Jun, 2039 190 $1,337.99 $666.78 $2,004.76 $206,505.29
Jul, 2039 191 $1,333.68 $671.08 $2,004.76 $205,834.20
Aug, 2039 192 $1,329.35 $675.42 $2,004.76 $205,158.78
Sep, 2039 193 $1,367.73 $666.05 $2,033.78 $204,492.73
Oct, 2039 194 $1,363.28 $670.49 $2,033.78 $203,822.24
Nov, 2039 195 $1,358.81 $674.96 $2,033.78 $203,147.28
Dec, 2039 196 $1,354.32 $679.46 $2,033.78 $202,467.82
Jan, 2040 197 $1,349.79 $683.99 $2,033.78 $201,783.83
Feb, 2040 198 $1,345.23 $688.55 $2,033.78 $201,095.28
Mar, 2040 199 $1,340.64 $693.14 $2,033.78 $200,402.13
Apr, 2040 200 $1,336.01 $697.76 $2,033.78 $199,704.37
May, 2040 201 $1,331.36 $702.41 $2,033.78 $199,001.96
Jun, 2040 202 $1,326.68 $707.10 $2,033.78 $198,294.86
Jul, 2040 203 $1,321.97 $711.81 $2,033.78 $197,583.05
Aug, 2040 204 $1,317.22 $716.56 $2,033.78 $196,866.50
Sep, 2040 205 $1,353.46 $707.89 $2,061.34 $196,158.61
Oct, 2040 206 $1,348.59 $712.75 $2,061.34 $195,445.86
Nov, 2040 207 $1,343.69 $717.65 $2,061.34 $194,728.20
Dec, 2040 208 $1,338.76 $722.59 $2,061.34 $194,005.62
Jan, 2041 209 $1,333.79 $727.55 $2,061.34 $193,278.06
Feb, 2041 210 $1,328.79 $732.56 $2,061.34 $192,545.51
Mar, 2041 211 $1,323.75 $737.59 $2,061.34 $191,807.91
Apr, 2041 212 $1,318.68 $742.66 $2,061.34 $191,065.25
May, 2041 213 $1,313.57 $747.77 $2,061.34 $190,317.48
Jun, 2041 214 $1,308.43 $752.91 $2,061.34 $189,564.57
Jul, 2041 215 $1,303.26 $758.09 $2,061.34 $188,806.48
Aug, 2041 216 $1,298.04 $763.30 $2,061.34 $188,043.19
Sep, 2041 217 $1,331.97 $755.41 $2,087.38 $187,287.77
Oct, 2041 218 $1,326.62 $760.76 $2,087.38 $186,527.01
Nov, 2041 219 $1,321.23 $766.15 $2,087.38 $185,760.86
Dec, 2041 220 $1,315.81 $771.58 $2,087.38 $184,989.28
Jan, 2042 221 $1,310.34 $777.04 $2,087.38 $184,212.24
Feb, 2042 222 $1,304.84 $782.55 $2,087.38 $183,429.69
Mar, 2042 223 $1,299.29 $788.09 $2,087.38 $182,641.60
Apr, 2042 224 $1,293.71 $793.67 $2,087.38 $181,847.93
May, 2042 225 $1,288.09 $799.29 $2,087.38 $181,048.64
Jun, 2042 226 $1,282.43 $804.96 $2,087.38 $180,243.68
Jul, 2042 227 $1,276.73 $810.66 $2,087.38 $179,433.02
Aug, 2042 228 $1,270.98 $816.40 $2,087.38 $178,616.62
Sep, 2042 229 $1,302.41 $809.40 $2,111.81 $177,807.22
Oct, 2042 230 $1,296.51 $815.30 $2,111.81 $176,991.92
Nov, 2042 231 $1,290.57 $821.25 $2,111.81 $176,170.67
Dec, 2042 232 $1,284.58 $827.24 $2,111.81 $175,343.43
Jan, 2043 233 $1,278.55 $833.27 $2,111.81 $174,510.17
Feb, 2043 234 $1,272.47 $839.34 $2,111.81 $173,670.82
Mar, 2043 235 $1,266.35 $845.46 $2,111.81 $172,825.36
Apr, 2043 236 $1,260.18 $851.63 $2,111.81 $171,973.73
May, 2043 237 $1,253.98 $857.84 $2,111.81 $171,115.89
Jun, 2043 238 $1,247.72 $864.09 $2,111.81 $170,251.79
Jul, 2043 239 $1,241.42 $870.39 $2,111.81 $169,381.40
Aug, 2043 240 $1,235.07 $876.74 $2,111.81 $168,504.66
Sep, 2043 241 $1,263.78 $870.76 $2,134.55 $167,633.90
Oct, 2043 242 $1,257.25 $877.29 $2,134.55 $166,756.61
Nov, 2043 243 $1,250.67 $883.87 $2,134.55 $165,872.73
Dec, 2043 244 $1,244.05 $890.50 $2,134.55 $164,982.23
Jan, 2044 245 $1,237.37 $897.18 $2,134.55 $164,085.06
Feb, 2044 246 $1,230.64 $903.91 $2,134.55 $163,181.15
Mar, 2044 247 $1,223.86 $910.69 $2,134.55 $162,270.46
Apr, 2044 248 $1,217.03 $917.52 $2,134.55 $161,352.94
May, 2044 249 $1,210.15 $924.40 $2,134.55 $160,428.54
Jun, 2044 250 $1,203.21 $931.33 $2,134.55 $159,497.21
Jul, 2044 251 $1,196.23 $938.32 $2,134.55 $158,558.90
Aug, 2044 252 $1,189.19 $945.35 $2,134.55 $157,613.54
Sep, 2044 253 $1,214.94 $940.55 $2,155.49 $156,672.99
Oct, 2044 254 $1,207.69 $947.80 $2,155.49 $155,725.19
Nov, 2044 255 $1,200.38 $955.11 $2,155.49 $154,770.09
Dec, 2044 256 $1,193.02 $962.47 $2,155.49 $153,807.62
Jan, 2045 257 $1,185.60 $969.89 $2,155.49 $152,837.73
Feb, 2045 258 $1,178.12 $977.36 $2,155.49 $151,860.37
Mar, 2045 259 $1,170.59 $984.90 $2,155.49 $150,875.47
Apr, 2045 260 $1,163.00 $992.49 $2,155.49 $149,882.98
May, 2045 261 $1,155.35 $1,000.14 $2,155.49 $148,882.84
Jun, 2045 262 $1,147.64 $1,007.85 $2,155.49 $147,875.00
Jul, 2045 263 $1,139.87 $1,015.62 $2,155.49 $146,859.38
Aug, 2045 264 $1,132.04 $1,023.45 $2,155.49 $145,835.93
Sep, 2045 265 $1,154.53 $1,020.01 $2,174.54 $144,815.92
Oct, 2045 266 $1,146.46 $1,028.08 $2,174.54 $143,787.84
Nov, 2045 267 $1,138.32 $1,036.22 $2,174.54 $142,751.62
Dec, 2045 268 $1,130.12 $1,044.43 $2,174.54 $141,707.19
Jan, 2046 269 $1,121.85 $1,052.69 $2,174.54 $140,654.50
Feb, 2046 270 $1,113.51 $1,061.03 $2,174.54 $139,593.47
Mar, 2046 271 $1,105.11 $1,069.43 $2,174.54 $138,524.04
Apr, 2046 272 $1,096.65 $1,077.89 $2,174.54 $137,446.15
May, 2046 273 $1,088.12 $1,086.43 $2,174.54 $136,359.72
Jun, 2046 274 $1,079.51 $1,095.03 $2,174.54 $135,264.69
Jul, 2046 275 $1,070.85 $1,103.70 $2,174.54 $134,160.99
Aug, 2046 276 $1,062.11 $1,112.44 $2,174.54 $133,048.56
Sep, 2046 277 $1,081.02 $1,110.60 $2,191.62 $131,937.96
Oct, 2046 278 $1,072.00 $1,119.62 $2,191.62 $130,818.34
Nov, 2046 279 $1,062.90 $1,128.72 $2,191.62 $129,689.62
Dec, 2046 280 $1,053.73 $1,137.89 $2,191.62 $128,551.74
Jan, 2047 281 $1,044.48 $1,147.13 $2,191.62 $127,404.61
Feb, 2047 282 $1,035.16 $1,156.45 $2,191.62 $126,248.15
Mar, 2047 283 $1,025.77 $1,165.85 $2,191.62 $125,082.30
Apr, 2047 284 $1,016.29 $1,175.32 $2,191.62 $123,906.98
May, 2047 285 $1,006.74 $1,184.87 $2,191.62 $122,722.11
Jun, 2047 286 $997.12 $1,194.50 $2,191.62 $121,527.61
Jul, 2047 287 $987.41 $1,204.20 $2,191.62 $120,323.41
Aug, 2047 288 $977.63 $1,213.99 $2,191.62 $119,109.42
Sep, 2047 289 $992.58 $1,214.02 $2,206.60 $117,895.40
Oct, 2047 290 $982.46 $1,224.14 $2,206.60 $116,671.26
Nov, 2047 291 $972.26 $1,234.34 $2,206.60 $115,436.92
Dec, 2047 292 $961.97 $1,244.63 $2,206.60 $114,192.29
Jan, 2048 293 $951.60 $1,255.00 $2,206.60 $112,937.29
Feb, 2048 294 $941.14 $1,265.46 $2,206.60 $111,671.83
Mar, 2048 295 $930.60 $1,276.00 $2,206.60 $110,395.83
Apr, 2048 296 $919.97 $1,286.64 $2,206.60 $109,109.19
May, 2048 297 $909.24 $1,297.36 $2,206.60 $107,811.83
Jun, 2048 298 $898.43 $1,308.17 $2,206.60 $106,503.66
Jul, 2048 299 $887.53 $1,319.07 $2,206.60 $105,184.59
Aug, 2048 300 $876.54 $1,330.06 $2,206.60 $103,854.53
Sep, 2048 301 $887.09 $1,332.31 $2,219.40 $102,522.22
Oct, 2048 302 $875.71 $1,343.69 $2,219.40 $101,178.53
Nov, 2048 303 $864.23 $1,355.17 $2,219.40 $99,823.37
Dec, 2048 304 $852.66 $1,366.74 $2,219.40 $98,456.63
Jan, 2049 305 $840.98 $1,378.42 $2,219.40 $97,078.21
Feb, 2049 306 $829.21 $1,390.19 $2,219.40 $95,688.02
Mar, 2049 307 $817.34 $1,402.06 $2,219.40 $94,285.96
Apr, 2049 308 $805.36 $1,414.04 $2,219.40 $92,871.92
May, 2049 309 $793.28 $1,426.12 $2,219.40 $91,445.80
Jun, 2049 310 $781.10 $1,438.30 $2,219.40 $90,007.50
Jul, 2049 311 $768.81 $1,450.58 $2,219.40 $88,556.92
Aug, 2049 312 $756.42 $1,462.98 $2,219.40 $87,093.94
Sep, 2049 313 $762.07 $1,467.83 $2,229.90 $85,626.12
Oct, 2049 314 $749.23 $1,480.67 $2,229.90 $84,145.45
Nov, 2049 315 $736.27 $1,493.63 $2,229.90 $82,651.82
Dec, 2049 316 $723.20 $1,506.70 $2,229.90 $81,145.12
Jan, 2050 317 $710.02 $1,519.88 $2,229.90 $79,625.24
Feb, 2050 318 $696.72 $1,533.18 $2,229.90 $78,092.07
Mar, 2050 319 $683.31 $1,546.59 $2,229.90 $76,545.47
Apr, 2050 320 $669.77 $1,560.13 $2,229.90 $74,985.35
May, 2050 321 $656.12 $1,573.78 $2,229.90 $73,411.57
Jun, 2050 322 $642.35 $1,587.55 $2,229.90 $71,824.02
Jul, 2050 323 $628.46 $1,601.44 $2,229.90 $70,222.58
Aug, 2050 324 $614.45 $1,615.45 $2,229.90 $68,607.13
Sep, 2050 325 $614.61 $1,623.39 $2,238.00 $66,983.74
Oct, 2050 326 $600.06 $1,637.93 $2,238.00 $65,345.81
Nov, 2050 327 $585.39 $1,652.61 $2,238.00 $63,693.20
Dec, 2050 328 $570.58 $1,667.41 $2,238.00 $62,025.79
Jan, 2051 329 $555.65 $1,682.35 $2,238.00 $60,343.44
Feb, 2051 330 $540.58 $1,697.42 $2,238.00 $58,646.02
Mar, 2051 331 $525.37 $1,712.63 $2,238.00 $56,933.40
Apr, 2051 332 $510.03 $1,727.97 $2,238.00 $55,205.43
May, 2051 333 $494.55 $1,743.45 $2,238.00 $53,461.98
Jun, 2051 334 $478.93 $1,759.07 $2,238.00 $51,702.92
Jul, 2051 335 $463.17 $1,774.82 $2,238.00 $49,928.09
Aug, 2051 336 $447.27 $1,790.72 $2,238.00 $48,137.37
Sep, 2051 337 $441.26 $1,802.32 $2,243.58 $46,335.05
Oct, 2051 338 $424.74 $1,818.84 $2,243.58 $44,516.21
Nov, 2051 339 $408.07 $1,835.51 $2,243.58 $42,680.70
Dec, 2051 340 $391.24 $1,852.34 $2,243.58 $40,828.36
Jan, 2052 341 $374.26 $1,869.32 $2,243.58 $38,959.04
Feb, 2052 342 $357.12 $1,886.45 $2,243.58 $37,072.58
Mar, 2052 343 $339.83 $1,903.75 $2,243.58 $35,168.84
Apr, 2052 344 $322.38 $1,921.20 $2,243.58 $33,247.64
May, 2052 345 $304.77 $1,938.81 $2,243.58 $31,308.83
Jun, 2052 346 $287.00 $1,956.58 $2,243.58 $29,352.25
Jul, 2052 347 $269.06 $1,974.52 $2,243.58 $27,377.73
Aug, 2052 348 $250.96 $1,992.62 $2,243.58 $25,385.12
Sep, 2052 349 $237.99 $2,008.55 $2,246.54 $23,376.56
Oct, 2052 350 $219.16 $2,027.38 $2,246.54 $21,349.18
Nov, 2052 351 $200.15 $2,046.39 $2,246.54 $19,302.79
Dec, 2052 352 $180.96 $2,065.58 $2,246.54 $17,237.21
Jan, 2053 353 $161.60 $2,084.94 $2,246.54 $15,152.27
Feb, 2053 354 $142.05 $2,104.49 $2,246.54 $13,047.78
Mar, 2053 355 $122.32 $2,124.22 $2,246.54 $10,923.56
Apr, 2053 356 $102.41 $2,144.13 $2,246.54 $8,779.43
May, 2053 357 $82.31 $2,164.23 $2,246.54 $6,615.20
Jun, 2053 358 $62.02 $2,184.52 $2,246.54 $4,430.68
Jul, 2053 359 $41.54 $2,205.00 $2,246.54 $2,225.67
Aug, 2053 360 $20.87 $2,225.67 $2,246.54 $0.00

What is an ARM mortgage?

An arm mortgage is a home mortgage where the interest rate is not fixed, it is adjustable over time. Usually, an adjustable rate mortgage starts with a lower interest rate than a fixed rate mortgage, and increases after a period of time.


How does an adjustable-rate mortgage work?

A fixed rate mortgage is much more stable and predictable as a borrower pays the same amount every month, whereas an arm mortgage is riskier because the rates go up after a fixed period. If the interest rate goes down in the future, an adjustable rate mortgage may be a cheaper option since you will be paying less. However, if the interest rate goes up in the future, an ARM mortgage is more costly than a fixed rate mortgage. Many borrowers get into trouble after the initial period or in later years when the interest rate hikes and they have to pay a much higher monthly payment than they could afford. Many borrowers got into trouble with ARM loans in 2008, which was one of the reasons along with subprime mortgages that caused the Great Recession.


Types of adjustable rate mortgages

Following are some of the most common types of adjustable rate mortgages. 10/1 ARM - Your APR is fixed for the first 10 years, then adjusts annually for the next 20 years or the remaining of the mortgage. 7/1 ARM - Your APR is fixed for the first 7 years, then adjusts annually for the next 23 years or the remaining of the mortgage. 5/1 ARM - Your APR is fixed for the first 5 years, then adjusts annually for the next 25 years or the remaining of the mortgage. 3/1 ARM - Your APR is fixed for the first 3 years, then adjusts annually for the next 27 years or the remaining of the mortgage.


Is an ARM mortgage a good idea?

There are pros and cons of an ARM mortgage when compared to a mortgage with a fixed rate, you will have to decide for yourself whether or not an ARM mortgage is for you.

Pros of ARM mortgage

  • Lower Interest - Lower interest and payment in the first few years where interest rate is low.

  • Rate Cap - There usually is a rate cap on how much your mortgage interest rate can increase. This puts a cap on how large your monthly payments could be after the introductory period so that borrowers can evaluate whether or not they can afford it.

  • Your Payment Could Decrease - If the interest rate goes down, there is a possibility that your payment could decrease. This could happen if the interest rate lowers the index on which the borrower's ARM is based.


Cons of ARM mortgage

  • Riskier - An ARM mortgage is riskier than a fixed-rate mortgage because we can never predict the future and interest rates may go up more than borrowers expected. Borrowers may be surprised to see how much more they have to pay monthly once the lower interest rate period is over. If borrowers cannot afford to pay the large payments that are due in later years, they could lose their homes.

  • Hidden Fees - There might be hidden fees or prepayment penalties when dealing with an ARM mortgage. Borrowers should read the fine print of their terms carefully to make sure there are no penalties to pay off the mortgage earlier or refinance their mortgage once the initial introductory period is over.

In general, there are a few situations where getting an ARM makes sense.

  • Are you planning to move in a few years?
    - If you are not planning to live in the house for the long term, and planning to move in a few years, you can use an AMR mortgage to save on interest payments during the first few years.

  • Are you planning to pay off the loan after the initial period?
    - If you have the budget and can afford to pay off the loan or refinance after the initial period where the interest rate is low, then ARM might be a good idea. But make sure you check with your lender to make sure there are no prepayment penalties in paying off or refinancing.


How to use the ARM mortgage calculator?

Borrowers can use the ARM mortgage to calculate any type of ARM mortgage with an amortization schedule. Mortgage Amount - The size of your ARM mortgage for your home. Loan Terms - The loan terms for your mortgage. 15 and 30 years are the most common terms of a home mortgage. Interest Rate - The initial interest rate for the ARM mortgage. Expected Adjustment - The amount of interest that you can think your interest rate will rise after the initial period. This expected adjustment will be added to your interest rate. First Adjustment After - When will the initial period be over? In other words, after how many years will your interest rate start to rise. For example, a 10/1 ARM mortgage would be 10 years before your first interest adjustment. Months Between Adjustments - How often does your interest rate adjust in months after the initial period. For example, for a 10/1 ARM mortgage, your interest rate will be adjusted every year or 12 months. Interest Rate Cap - Is there a cap on interest rate? What is the maximum interest rate that your mortgage can have? First Payment Date - Choose a date that your first payment will begin. Amortization Schedule - You can choose to view your ARM amortization schedule by month or year.


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