Option ARM Calculator

Explore payment options for an Option ARM including minimum payment, interest-only, and fully amortized options.

  • Methods explained
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  • Compare saved scenarios

Loan Details

$
30 years
%
%
7.5 %

Payment Options

Minimum Payment$1,610
Interest-Only Payment$1,750
30-Year Amortized$1,996
15-Year Amortized$2,696

Risk Assessment

Negative Amortization RiskYes

Warning: Minimum payment is less than interest-only payment. Your loan balance will increase over time.

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