Adjustable Rate Mortgage Calculator
Calculate payments for an adjustable-rate mortgage with rate caps and adjustment periods.
- Methods explained
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- Compare saved scenarios
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Loan Details
$
30 years
Initial Rate
%
5 years
Adjustment Terms
%
1 years
%
%
Payment Summary
Initial Payment$1,703
Maximum Payment$2,496
Total Interest$509,468
Total Payment$809,468
Payment Schedule
| Year | Rate | Payment |
|---|---|---|
| 1 | 5.50% | $1,703 |
| 2 | 5.50% | $1,703 |
| 3 | 5.50% | $1,703 |
| 4 | 5.50% | $1,703 |
| 5 | 5.50% | $1,703 |
| 6 | 6.00% | $1,787 |
| 7 | 6.50% | $1,870 |
| 8 | 7.00% | $1,953 |
| 9 | 7.50% | $2,035 |
| 10 | 8.00% | $2,115 |
Projection
How it works›
Model and assumptions. Applies the entered introductory rate, adjustment assumptions and caps to the modeled payments. Amortizing payments use the remaining balance and term; interest-only payments cover interest without scheduled principal reduction. Future index rates, lender rounding and contract-specific recast rules can change the outcome.CFPB: adjustable-rate mortgagesOpenStax: annuity formulas