Option ARM Comparision

This calculator will compare two Option ARMs. 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
? Property Value /Sale Price:
? Percentage Down:	%
? Loan Amount:	%
Calculate PMI:	For loans with > 80% LTV.
? Amortization Schedule:	Show me the Amortization Schedule
	Loan 1 Information	Loan 2 Information
? Length of Mortgage:
? Index Value:	%	%
? Margin:	%	%
? Fully Indexed Rate:	%	%
? Annual Index Adjustment:	%
? Start/Minimum Payment Rate:	%	%
? Payment Cap:	%	%
? Life Cap:	%	%
? Recast Period:
? Maximum Balance:	%	%
? Payment to use for Amortization:	Minimum Interest Only Fully Amortized 15 Year	Minimum Interest Only Fully Amortized 15 Year