Adjustable Rate Mortgage Analyzer | Financial Calculators for Quontic Bank

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The price you pay for your home.

The amount of cash you will pay up front for the purchase of your home.

The annual amount of property tax you pay on your home. Property tax rates can vary by state and local government, but will typically fall between 1-2% of assessed value.

Annual home insurance

The annual amount paid for your homeowner insurance policy.

Monthly HOA dues

Your monthly payment in Homeowner Association Dues for this property.

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Loan term (years)

The number of years you will have to repay your mortgage loan.

Interest rate

The annual interest rate paid over the term of your loan.

Annual rate adjustment

The amount you expect the rate to adjust during adjustment periods, up to or down to the maximum or minimum rates allowed under the terms of the adjustable rate mortgage.

Years to 1st adjustment

The number of years before rate adjustments are permitted under the terms of your adjustable rate mortgage. Typical periods are 1, 3, 5, 7 or 10 years..

ShowAdjustment Terms

Adjustment period

The number of years between rate adjustments, after the initial rate adjustment period is reached. Most adjustable rate mortgages will adjust annually.

Maximum interest rate

The maximum interest rate permitted under the terms of the adjustable rate mortgage.

Minimum interest rate

The minimum interest rate permitted under the terms of the adjustable rate mortgage.

Printer-friendly version

Initital Payment Period
Loan Amount	Principal & Interest	Property Taxes	Insurance	HOA Fees	Total Monthly Payment
$ 240,000	$ 1,273.74	$ 208.33	$ 62.50	$ 150.00	$ 1,694.57

Monthly Payments by Year
Year	Principal and Interest	Taxes	Insurance	HOA
1	$ 1,273.74	$ 208.33	$ 62.50	$ 150.00
2	$ 1,273.74	$ 208.33	$ 62.50	$ 150.00
3	$ 1,273.74	$ 208.33	$ 62.50	$ 150.00
4	$ 1,310.46	$ 208.33	$ 62.50	$ 150.00
5	$ 1,347.67	$ 208.33	$ 62.50	$ 150.00
6	$ 1,385.37	$ 208.33	$ 62.50	$ 150.00
7	$ 1,423.53	$ 208.33	$ 62.50	$ 150.00
8	$ 1,462.15	$ 208.33	$ 62.50	$ 150.00
9	$ 1,501.21	$ 208.33	$ 62.50	$ 150.00
10	$ 1,540.72	$ 208.33	$ 62.50	$ 150.00
11	$ 1,580.64	$ 208.33	$ 62.50	$ 150.00
12	$ 1,620.98	$ 208.33	$ 62.50	$ 150.00
13	$ 1,661.71	$ 208.33	$ 62.50	$ 150.00
14	$ 1,702.83	$ 208.33	$ 62.50	$ 150.00
15	$ 1,744.33	$ 208.33	$ 62.50	$ 150.00
16	$ 1,786.20	$ 208.33	$ 62.50	$ 150.00
17	$ 1,828.41	$ 208.33	$ 62.50	$ 150.00
18	$ 1,870.97	$ 208.33	$ 62.50	$ 150.00
19	$ 1,913.85	$ 208.33	$ 62.50	$ 150.00
20	$ 1,957.05	$ 208.33	$ 62.50	$ 150.00
21	$ 2,000.56	$ 208.33	$ 62.50	$ 150.00
22	$ 2,044.37	$ 208.33	$ 62.50	$ 150.00
23	$ 2,088.46	$ 208.33	$ 62.50	$ 150.00
24	$ 2,132.82	$ 208.33	$ 62.50	$ 150.00
25	$ 2,177.45	$ 208.33	$ 62.50	$ 150.00
26	$ 2,222.33	$ 208.33	$ 62.50	$ 150.00
27	$ 2,267.46	$ 208.33	$ 62.50	$ 150.00
28	$ 2,312.82	$ 208.33	$ 62.50	$ 150.00
29	$ 2,358.40	$ 208.33	$ 62.50	$ 150.00
30	$ 2,404.20	$ 208.33	$ 62.50	$ 150.00

Monthly Payments by Year
Year	Principal and Interest	Taxes	Insurance	HOA
1	1273.74	208.33	62.50	150.00
2	1273.74	208.33	62.50	150.00
3	1273.74	208.33	62.50	150.00
4	1310.46	208.33	62.50	150.00
5	1347.67	208.33	62.50	150.00
6	1385.37	208.33	62.50	150.00
7	1423.53	208.33	62.50	150.00
8	1462.15	208.33	62.50	150.00
9	1501.21	208.33	62.50	150.00
10	1540.72	208.33	62.50	150.00
11	1580.64	208.33	62.50	150.00
12	1620.98	208.33	62.50	150.00
13	1661.71	208.33	62.50	150.00
14	1702.83	208.33	62.50	150.00
15	1744.33	208.33	62.50	150.00
16	1786.20	208.33	62.50	150.00
17	1828.41	208.33	62.50	150.00
18	1870.97	208.33	62.50	150.00
19	1913.85	208.33	62.50	150.00
20	1957.05	208.33	62.50	150.00
21	2000.56	208.33	62.50	150.00
22	2044.37	208.33	62.50	150.00
23	2088.46	208.33	62.50	150.00
24	2132.82	208.33	62.50	150.00
25	2177.45	208.33	62.50	150.00
26	2222.33	208.33	62.50	150.00
27	2267.46	208.33	62.50	150.00
28	2312.82	208.33	62.50	150.00
29	2358.40	208.33	62.50	150.00
30	2404.20	208.33	62.50	150.00

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It's important to note that this calculation is dependent on the direction interest rates are taking. Keep in mind, your rate resets at the loan expiration. Depending on the circumstances, this may result in higher or lower monthly payments for you.