Helpful FREE ARM Mortgage Calculator
Use the ARM Calculator to Plan
This calculator will help you determine worst-case scenarios in ARMs. That is, how much you would need to pay if your interest rates rose as high as they could go. You can even plug in various other potential interest rates, all to see how the adjustments would affect your monthly payments. But this calculator doesn’t just help with monthly payments. It can also factor up what you’ll be paying over the entire life of the loan if rates were to adjust a certain way. This definitely helps with comparing how much you would save with this type of loan as opposed to others.
For planning moves, the ARM calculator can help show you when the best time would be according to adjusting rates and how much you would have built up in equity. Try using this calculator with others, such as the mortgage payoff calculator, to see your loan terms and rates from every angle.