Payment Option Arm Calculator

Payment Option ARM Calculator

Loan Amount:	$
Start Rate¹:		%

Current Index:		%
Margin:		%

	30 Yr Monthly Payment	Minimum Payment²	Monthly Savings³
Year 1	$0.00	$0.00	$0.00
Year 2	$0.00	$0.00	$0.00
Year 3	$0.00	$0.00	$0.00
Year 4	$0.00	$0.00	$0.00
Year 5	$0.00	$0.00	$0.00

Other Payment Options
Interest Only Payment:	$2,134.17
40 Year Payment:	$0.00
15 Year Payment:	$0.00

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.

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info@equityonemortgage.com

Convenient Locations to Serve you

ST.CHARLES COUNTY: 635 Salt Lick Rd. St. Peters MO 63376 * 866-379-3465
SOUTH COUNTY: 6022 S Lindbergh, Ste-100, St Louis MO 63123 * 866-934-0711
FRANKLIN COUNTY: 554 East 5th St, Washington MO 63090 * 866-339-8400
HILLSBORO: 10906 Hwy 21, Hillsboro MO 63050 * 877-788-4013
WARRENTON: 406 E. Booneslick Rd, Warrenton MO 63383 * 636-456-9323
CARLYLE: 867 Fairfax St, Carlyle IL 62231 * 618-594-8648
ALTON: 520 C West Delmar, Alton IL 62002 * 618-466-0400

...and for all of your Insurance needs,
visit www.GlobalGreenInsuranceOnline.com

ILLINOIS RESIDENTIAL MORTGAGEE MB.0006514

Equal Housing Lender