Option ARM to ARM Comparision

This calculator will compare an Option ARM and a Monthly or Hybrid ARM. 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:	$
? Amortization Schedule:
	Option ARM Information	Other ARM Information
? Length of Mortgage:	years	years
? Index Value:	%	%
? Margin:	%	%
? Fully Indexed Rate:	%	%
? Annual Index Adjustment:	%	%
? Interest Only Period:	months	months
? Start/Minimum Payment Rate:	%
? Payment Cap:	%
? Recast Period:	years	years
? Maximum Balance:	%
? Initial Cap:		%
? Initial Change:		months
? Periodic Cap:		%
? Adjustment Period:		months
? Life Cap:	%	%
? Payment to use for Amortization:	Minimum Interest Only Fully Amortized 15 Year	Interest Only Fully Amortized