Adjustable Rate Mortgage Calculator

  Currency
  Purchase price
  Down payment amount %   $
 Points  %
 Insurance/year %   $
 PMI/year %   $
 Start date
 Number of months: 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
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    Financial Details
 Purchase price: $ 100,000.00 
 Down Payment: $ 0.00 
 Points: $ 1,000.00 
 Loan Amount $ 99,000.00 
 Initial Interest Rate 6.9 % 
 Interest compoundingMonthly 
 
 Total amount financed $ 99,000.00 
 Payment amount $ 783.46 
 Monthly Insurance $ 83.33 
 Monthly PMI $ 41.25 
 Nb. of months with PMI 169 
 Total Interest $ 179,502.90 
 Total Insurance $ 30,000.00 
 Total PMI charge $ 6,971.25 
 Total finance charge $ 216,474.15 
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