How much will my adjustable rate mortgage payments be? How much will my adjustable rate mortgage payments be? How much will my adjustable rate mortgage payments be? This calculator computes the estimated payments and interest for an adjustable rate loan, where the rate increases by the maximum amount allowed at each interval until it reaches the rate cap. Home priceDown payment%$Loan termMonthsYearsBeginning interest rateRate cap (Life rate cap)Maximum amount the rate will increase at the first intervalMaximum amount the rate will increase at each subsequent intervalNumber of months before the first rate increaseNumber of months between subsequent rate increases Show payment schedule Your initial payment will be $1,296.72. Financial DetailsHome price$350,000.00Down payment20.000 %Beginning payment$1,296.72Beginning interest rate3.750 %Interest calculatedMonthlyTotal amount financed$280,000.00Total payments$650,588.70Total finance charge$370,588.70 Calculator tipsThe APR calculation above does not include the effects of points, fees, or private mortgage insurance (PMI). Calculator disclaimer The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. Presented by TimeValue Software ©2022
