Payment Option ARM Calculator

Loan Amount: $ Start Rate1: %

Current Index: % Margin: %

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.

---

:: LEE GRAY LISTINGS :: BEAUFORT MULTIPLE LISTING SEARCH :: DR. TIRE :: 13 Acre Investment :: Multi-Family Investment :: 7.2 Acres General Commercial :: Corner Hwy 802 & Hwy.21 :: Beaufort, South Carolina :: Dataw Island :: Coosaw Point Plantation :: Cat Island :: Royal Pines :: Bull Point Plantation :: Spring Creek, North Carolina :: Saltus River Grill, Downtown :: Bateaux, Port Royal :: 11th St. Dockside, Port Royal :: Port Royal Landing Marina :: Lady's Island Marina :: Dataw Island Marina :: Why Choose Lee :: CONTACT LEE :: Guest Book :: Beaufort Gazette :: Marketplace :: Schools :: Weather :: Buyer's Resources :: Dream House Finder :: Pre-Qualify :: Free Buyer Reports :: Seller's Resources :: Market Analysis :: Free Seller Reports :: Calculators :: Mortgage Rates :: Credit Report ::

Call Lee Gray

 (843)524-3007 office 

(843)252-3006 cell

(843)252-3007 assistant

Email At Lee_Gray@comcast.net  

© 2008 Myers Internet, Inc. All Rights Reserved

Powered by: Myers Internet, Inc. | Admin Login