Option ARM to Fixed Comparision

This calculator will compare an Option ARM and a traditional fixed rate loan. 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:
	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
? Maximum Balance:	%
? Life Cap:	%
? Payment to use for Amortization:	Minimum Interest Only Fully Amortized 15 Year	Interest Only Fully Amortized