ARM Comparision

This calculator will compare two Adjustable Rate Mortgages. In addition to comparing monthly payments, the calculator generates an amortization comparision as well. The index adjustment feature allows you to make simple estimates fo annual increases or decreases in the index and how that may impact your payment.

Loan Information
? Loan Type:	Purchase Refinance
? Property Value /Sale Price:	$
? Percentage Down:	%
? Loan Amount:	$
Calculate PMI:	For loans with > 80% LTV.
? Amortization Schedule:
	Loan 1 Information	Loan 2 Information
? Length of Mortgage:	years	years
? Index Value:	%	%
? Margin:	%	%
? Fully Indexed Rate:	%	%
? Annual Index Adjustment:	%	%
? Interest Only Period:	months	months
? Initial Cap:	%	%
? Initial Change:	months	months
? Periodic Cap:	%	%
? Periodic Adjustment Period:	months	months
? Life Cap:	%	%
? Payment to use for Amortization:	Interest Only Fully Amortized	Interest Only Fully Amortized