Adjustable Rate Mortgage Calculator
Adjustable rate mortgages can provide attractive interest rates, but your payment is not fixed. This calculator helps you to determine what your adjustable mortgage payments may be.By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
Your initial monthly payment is $954.83.
Your adjustable-rate mortgage of $200,000.00 for 30 years has an initial monthly payment of $954.83. Your interest rate remains fixed at 4% for 60 months. After that time, your interest rate is expected to change by 0.25% every 12 months. Your highest monthly payment, in this scenario, would be $1,346.69.
| Payment Number | Interest Rate | Monthly Payment |
|---|---|---|
| 1 | 4% | $954.83 |
| 61 | 4.25% | $979.98 |
| 73 | 4.5% | $1,004.65 |
| 85 | 4.75% | $1,028.82 |
| 97 | 5% | $1,052.44 |
| 109 | 5.25% | $1,075.47 |
| 121 | 5.5% | $1,097.88 |
| 133 | 5.75% | $1,119.64 |
| 145 | 6% | $1,140.69 |
| 157 | 6.25% | $1,161.00 |
| 169 | 6.5% | $1,180.53 |
| 181 | 6.75% | $1,199.24 |
| 193 | 7% | $1,217.07 |
| 205 | 7.25% | $1,233.99 |
| 217 | 7.5% | $1,249.95 |
| 229 | 7.75% | $1,264.89 |
| 241 | 8% | $1,278.77 |
| 253 | 8.25% | $1,291.54 |
| 265 | 8.5% | $1,303.13 |
| 277 | 8.75% | $1,313.50 |
| 289 | 9% | $1,322.58 |
| 301 | 9.25% | $1,330.33 |
| 313 | 9.5% | $1,336.67 |
| 325 | 9.75% | $1,341.55 |
| 337 | 10% | $1,344.92 |
| 349 | 10.25% | $1,346.69 |
Total Payments $419,881 |
| Total payments | $419,880.92 |
|---|---|
| Total interest | $219,880.92 |
| Loan amount | $200,000.00 |
| Term | 30 years |
| Initial interest rate | 4% |
| First monthly payment | $954.83 |
| Interest rate cap | 12% |
| Expected adjustment | 0.25% |
| Rate remains fixed for | 60 months |
| Periods between adjustments | 12 months |
Payment Schedule
Year | Total Payments | Principal Paid | Interest Paid | Ending Principal Balance |
|---|---|---|---|---|
| $200,000.00 | ||||
| 1 | $11,457.96 | $3,522.04 | $7,935.92 | $196,477.96 |
| 2 | $11,457.96 | $3,665.54 | $7,792.42 | $192,812.42 |
| 3 | $11,457.96 | $3,814.89 | $7,643.07 | $188,997.53 |
| 4 | $11,457.96 | $3,970.32 | $7,487.64 | $185,027.21 |
| 5 | $11,457.96 | $4,132.06 | $7,325.90 | $180,895.15 |
| 6 | $11,759.76 | $4,151.97 | $7,607.79 | $176,743.18 |
| 7 | $12,055.80 | $4,188.03 | $7,867.77 | $172,555.15 |
| 8 | $12,345.84 | $4,241.00 | $8,104.84 | $168,314.15 |
| 9 | $12,629.28 | $4,311.48 | $8,317.80 | $164,002.67 |
| 10 | $12,905.64 | $4,400.39 | $8,505.25 | $159,602.28 |
| 11 | $13,174.56 | $4,508.97 | $8,665.59 | $155,093.31 |
| 12 | $13,435.68 | $4,638.80 | $8,796.88 | $150,454.51 |
| 13 | $13,688.28 | $4,791.35 | $8,896.93 | $145,663.16 |
| 14 | $13,932.00 | $4,968.80 | $8,963.20 | $140,694.36 |
| 15 | $14,166.36 | $5,173.55 | $8,992.81 | $135,520.81 |
| 16 | $14,390.88 | $5,408.50 | $8,982.38 | $130,112.31 |
| 17 | $14,604.84 | $5,676.81 | $8,928.03 | $124,435.50 |
| 18 | $14,807.88 | $5,982.51 | $8,825.37 | $118,452.99 |
| 19 | $14,999.40 | $6,330.07 | $8,669.33 | $112,122.92 |
| 20 | $15,178.68 | $6,724.69 | $8,453.99 | $105,398.23 |
| 21 | $15,345.24 | $7,172.60 | $8,172.64 | $98,225.63 |
| 22 | $15,498.48 | $7,681.00 | $7,817.48 | $90,544.63 |
| 23 | $15,637.56 | $8,258.06 | $7,379.50 | $82,286.57 |
| 24 | $15,762.00 | $8,913.78 | $6,848.22 | $73,372.79 |
| 25 | $15,870.96 | $9,659.39 | $6,211.57 | $63,713.40 |
| 26 | $15,963.96 | $10,508.56 | $5,455.40 | $53,204.84 |
| 27 | $16,040.04 | $11,476.78 | $4,563.26 | $41,728.06 |
| 28 | $16,098.60 | $12,582.55 | $3,516.05 | $29,145.51 |
| 29 | $16,139.04 | $13,847.76 | $2,291.28 | $15,297.75 |
| 30 | $16,160.36 | $15,297.75 | $862.61 | $0.00 |
Cypress Bank, SSB - 4272512020
120 South Greer Blvd.
Pittsburg, TX