Calculator

How much will my adjustable rate mortgage payments be?

This calculator computes the estimated payments and interest for an adjustable rate loan, where the rate increases by the maximum amount allowed at each interval until it reaches the rate cap.

All fields are required.

Home price

Down payment

down payment as a percent or in dollars % $

Loan term

term in months or years 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

Show payment schedule

Calculator Results

Your initial payment will be $1,296.72.

Financial Details

Home price	$350,000.00
Down payment	20.000 %
Beginning payment	$1,296.72
Beginning interest rate	3.750 %
Interest calculated	Monthly
Total amount financed	$280,000.00
Total payments	$650,588.70
Total finance charge	$370,588.70

Calculator tips

The APR calculation above does not include the effects of points, fees, or private mortgage insurance (PMI).