Option ARM Calculator

The Option ARM calculator calculates the 4 payment options and deferred interest for Option ARMs, Pay Option ARMs, Cashflow ARMs, and other deferred interest or multiple payment option loans. This calculator optionally calculates PMI (Private Mortgage Insurance) for loans with less than 20% in equity or down payment. Property taxes and hazard insurance are also calculated. 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
? Property Value /Sale Price:
? Percentage Down:	%
? Loan Amount:	%
? Length of Mortgage:
? Index Value:	%
? Margin:	%
? Fully Indexed Rate:	%
? Annual Index Adjustment:	%
? Start/Minimum Payment Rate:	%
? Payment Cap:	%
? Life Cap:	%
? Recast Period:	.
? Maximum Balance:	%
? Calculate PMI:	For loans with > 80% LTV.
? Amortization Schedule:	Show me the Amortization Schedule
? Payment to use for Amortization:	Minimum Interest Only Fully Amortized 15 Year The payment you will make.