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Please try our Java loan and mortgage calculators. They take a minute to load, but they are worth it! Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Each financial calculator also includes a View Report option. The mortgage repayment schedule and other reports are fully customizable. These reports are designed for you to print out and keep...
Adjustable Rate Mortgage Calculator
Adjustable rate mortgages can provide attractive interest rates, but your payment is not fixed. This calculator helps you to determine what your adjustable mortgage payments may be.
Definitions
Mortgage amount
Original or expected balance for your mortgage.
Starting interest rate
Initial annual interest rate for this mortgage.
Term in years
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
Interest rate cap
This is the highest interest rate allowed by your mortgage. Your actual interest rate will not be adjusted above this rate.
Expected adjustment
The amount you believe that your mortgage's interest rate will change. This amount will be added to or subtracted from your interest rate.
Months between adjustments
The number of payment periods between potential adjustments to your interest rate. The most common is 12 months, which means your payment could change at most once per year.
Starting monthly payment
Monthly principal and interest payment (PI) based on your beginning balance and starting interest rate.
Total payments
Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.
Total interest
Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.
The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Hope and Eric Peek RE/MAX Realty Services 8717 Susanna Lane Chevy Chase, MD. 20815 Phone: 301-656-2690 Hope Cell: 301-728-7234 Eric Cell: 301-728-7426 Fax: 301-656-2703 Email: hopeandericpeek@NUMBER1EXPERT.com
Eric Peek has been a Realtor since 1986, and Hope has been a Realtor since 1988. They were married in 1997 and have worked as a team with RE/MAX Realty Services since then. They are licensed in DC/MD/VA. They have a Graduate Realtor Institute (GRI) designation and Certified Residential Specialist (CRS) designations. Together they have over 20 years of experience and cover a large geographic area; one of them is always available to help you with any of your Real Estate needs. They have a large list of contacts such as home improvement contractors, lending institutions, home inspectors, and network with many buyers, sellers and Realtors. Hope and Eric are graduates of the University of Maryland. Their enthusiasm, energy and knowledge of Real Estate assure you that you are working with the right Realtors.
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