Monthly Payment Calculator (7c)

Adjustable Rate Mortgages With Negative Amortization

Who This Calculator is For: Borrowers who want to know how the interest rate and monthly payments may change on an adjustable rate mortgage that permits negative amortization.

What This Calculator Does: This calculator displays amortization schedules on an adjustable rate mortgage that permits negative amortization

Examples Using This Calculator

DO NOT USE DOLLAR SIGNS ($), COMMAS (,) PLUS SIGNS ( + )OR PERCENTAGE SIGNS (%) IN ANY INPUT BOXES

Basic Loan Information

New Loan Amount or Existing Loan Balance (e.g. 100000)

Initial Interest Rate on New Loan or Current Rate on Existing Loan (e.g. 7.50)

New Loan Term or Remaining Term on Existing Loan, in Months (e.g. 360)

Payment Information

Initial Monthly Payment of Principal and Interest (e.g., 753.45)

Payment Adjustment Period, in Months (e.g., 12)

Payment Adjustment Cap, in Percent (e.g., 7.5 - if no cap, leave blank)

Payment Recast Period, in Years (e.g., 5 - if no recast period, leave blank)

Negative Amortization Cap, in Percent (e.g., 110 - if no cap, leave blank)

Interest Rate Information

Current Value of ARM Interest Rate Index (e.g. 1.54)

Margin That is Added to Interest Rate Index (e.g. 2.75)

Number of Months to First Rate Adjustment (e.g. 36)

Duration, in Months, Between Subsequent Rate Adjustments (e.g. 12)

Maximum Interest Rate Over Life of Mortgage (e.g. 12.5)

Minimum Interest Rate Over Life of Mortgage (e.g. 4.5)

Assumptions About Future Interest Rates

Stable Index: — Interest Rate Index Stays Unchanged for Life of Mortgage

Worst Case: — Interest Rate Index Rises By Maximum Allowable Amount at Each Rate Adjustment

Upward / Downward Movements

Upward Movement

Downward Movement

Annual Change to Begin in Year

Index Rises:

Index Declines:

For x Years

Index Rises:

Index Declines:

Percent Per Year

Index Rises:

Index Declines:

Volatile

Volatile: Interest Rate Index Rises

Volatile: Interest Rate Index Declines

Years Between Direction Changes

Interest Rate Index Rises, Then Declines:

Interest Rate Index Declines, Then Rises:

Percent Change Per Year

Interest Rate Index Rises, Then Declines:

Interest Rate Index Declines, Then Rises:

Calculator Design & Programming by

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