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*Loan amount:

 

*How many years do you plan to
keep this mortgage?

 

*Interest rate:

%     %

 

*Term of loan (in years):

         

 

Discount points:

 

Origination fees:

 

Closing costs:

 

Loan Adjustments

Loan 1

Loan 2

 

Is this an adjustable-rate mortgage?

YesNo

YesNo

Length of initial rate term (in months):

         

 

Index:

%     %

 

Margin:

%     %

 

Expected amount of index adjustment:

%     %

 

Lifetime interest rate cap:

%     %

 

 

 

 

Monthly payment amount is principal and interest only. It does not include taxes, homeowners insurance, or private mortgage insurance. This calculator allows you to estimate the change in your monthly payment for your first adjustment period only, as it can be difficult to accurately predict interest rates further out. If you are comparing an adjustable rate mortgage, this calculator allows you to estimate the change in your monthly payment for your first adjustment period only, as it can be difficult to accurately predict interest rates further out.

GetSmart calculators are for informational purposes only. GetSmart does not guarantee the accuracy of the calculators, or that you will receive the input rates. Consult a financial advisor for details specific to your situation.